Location: Dawes County, NE | Metro: Dawes County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP code 69367 reveals a challenging investment scenario. With the median home value at $306,001, the potential for rental income must be carefully considered.
In the first scenario, using the annualized Fair Market Rent (FMR) for a two-bedroom property of $960 per month (for fiscal year 2026), the gross yield calculation would be as follows:
The second scenario involves the market rent, which is listed as N/A. Without specific market rent data, it's impossible to provide an accurate gross yield figure. However, it's important to note that the lack of this information can significantly impact the feasibility of investment decisions in this area.
Given the renter density of 6.4% in ZIP 69367, the FMR scenario appears more realistic. The low renter density suggests that the demand for rentals may be limited, making it difficult to achieve market rents that could surpass the FMR. Additionally, the N/A-day Days on Market (DOM) indicates a lack of recent sales data, which further complicates estimating market rents accurately.
The gross yield of 3.76% based on the FMR is notably lower than what many investors might consider attractive, especially when compared to typical yields in other markets. This makes the investment less appealing unless there are significant tax benefits or other incentives available through the Section 8 program.
In conclusion, while the FMR provides a clear, albeit modest, gross yield, the absence of market rent data and the low renter density suggest that achieving higher yields may be difficult. Investors should proceed with caution and carefully assess the local market conditions and the specifics of the Section 8 program before committing to properties in ZIP 69367.
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.