Location: Grant County, NE | Metro: Arthur County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The analysis for ZIP 69350 reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the FMR is set at $960. In contrast, the Census ACS reports the market rent at $780. This means there is a gap of $180, or approximately 23.7%, between the FMR and the market rent.
This scenario makes ZIP 69350 a yield play for landlords. Since the FMR exceeds the market rent, voucher tenants can help achieve higher rental yields. Landlords who accept Section 8 vouchers can charge up to the FMR, thereby renting their units above the open-market rate.
The ZIP code has a 39.7% rental rate, indicating a substantial portion of the population relies on rental housing. With a median income of $53,194, the affordability of housing remains a critical issue. However, the discrepancy between the FMR and market rent presents an opportunity for landlords to maximize their returns while providing affordable housing options.
Note that the median home value is listed as N/A, suggesting limited data on homeownership values in this area. Nonetheless, the disparity between the FMR and the market rent highlights a favorable condition for landlords willing to participate in the Section 8 program.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.