Location: Sheridan County, NE | Metro: Sheridan 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 | $800 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,310 | $162,378 | 0.81% | C |
U.S. Census Bureau data (2024)
29.0% of residents in ZIP code 69360 are renters, indicating a significant portion of the population relies on rental housing. With a market rent of $875 according to Census ACS data, landlords can expect this figure to be the baseline for rental pricing in the area. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,010, providing a clear benchmark for those seeking to participate in government-assisted housing programs. This $135 difference between the FMR and the market rent suggests a potential opportunity for landlords to attract tenants through Section 8 participation.
The median home value in ZIP 69360 is $120,632, which is relatively low compared to national averages, making it an attractive market for both investment and resale. However, the median income of $52,402 indicates that while there is demand for affordable housing, the earning capacity of the residents is also a factor that landlords must consider when setting rents. Given the income levels, it's crucial for landlords to offer competitive rental rates to ensure occupancy.
A key consideration for landlords is the financial support available through Section 8. The program's FMR of $1,010 can help offset the risks associated with lower-income tenants. It's important to note that there is no data available on the average days on market (DOM) or the percentage of homes that have been subject to price cuts, which could indicate a stable real estate market without significant fluctuations in property values or rental rates.
In summary, ZIP code 69360 presents a balanced opportunity for landlords and small-portfolio investors. The gap between the market rent of $875 and the FMR of $1,010 offers a window for leveraging government assistance to secure tenancy. The median home value of $120,632 and median income of $52,402 suggest a market where affordability is key, and landlords who align their rental strategies with these figures will likely find success. Verdict: Section 8 is a viable option for stabilizing rental income in ZIP 69360.
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.