Location: Sheridan County, NE | Metro: Garden County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
17.9% of residents in ZIP code 69351 are renters, indicating a significant portion of the population relies on rental housing. This statistic is crucial for landlords and small-portfolio investors looking to understand the demand dynamics in the area. The Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $980, which serves as a benchmark for rental pricing in the region. While the median home value and market rent figures are currently unavailable, the median income of $84,500 provides insight into the financial capacity of the local residents to afford housing. Despite the lack of specific data on days on market (DOM) and the percentage of homes needing price cuts, the presence of a notable renter share suggests a steady demand for rental properties. Given the FMR and median income, landlords can expect a reasonable occupancy rate as long as their rental offerings are priced competitively around the $980 mark. The absence of detailed real estate transaction data limits the ability to provide a comprehensive analysis of the rental market's health, but the existing figures offer a solid foundation for investment decisions. For investors focused on Section 8 participation, the $980 FMR indicates the maximum allowable payment standard for the program in this ZIP code, ensuring that properties priced within this range will be attractive to potential tenants eligible for Section 8 assistance. In conclusion, ZIP 69351 presents a viable opportunity for Section 8 investments, with a supportive renter base and competitive pricing aligned with the FMR.
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.