Location: Scotts Bluff County, NE | Metro: Morrill County, NE
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $184,588 | 0.55% | F |
| 3BR | $1,290 | $238,685 | 0.54% | F |
U.S. Census Bureau data (2024)
15.8% of Minatare, NE's population in ZIP code 69356 are renters, indicating a modest demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960, which represents the upper limit for Section 8 rental payments. In comparison, the actual market rent, as per Census ACS data, is $506, suggesting a significant margin for landlords participating in the program. Landlords can benefit from this discrepancy, as it allows them to charge below the FMR while still receiving the higher subsidy amount.
The median home value in Minatare, NE is $208,617, which is relatively stable and provides a solid base for property investments. However, the median income stands at $73,787, which may limit the earning potential of residents and thus affect their ability to pay higher rents outside of government assistance programs. This economic context makes Section 8 participation particularly attractive for landlords in the area, as it ensures a steady stream of income regardless of the local economic conditions.
While the days on market (DOM) and the percentage of price-cut shares are not available, the current market dynamics suggest that there is little urgency for landlords to reduce rents or sell homes quickly. The gap between the FMR and the actual market rent indicates a healthy balance where landlords can maintain competitive pricing without sacrificing income. Furthermore, the low percentage of renters in the population implies that there is less competition among landlords for rental properties, making it easier to attract tenants who qualify for the Section 8 program.
In summary, with an FMR of $960 and a market rent of $506, landlords in Minatare, NE can secure a reliable source of income through the Section 8 program. Given the median home value of $208,617 and median income of $73,787, the program offers a buffer against economic fluctuations and a means to reach a segment of the population that might otherwise struggle to find suitable housing. The verdict on Section 8 participation for landlords in ZIP 69356 is positive, offering both financial stability and social responsibility.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.