FMR is below market; voucher rent may lag private rents.
0.83
1 BR
1 BR- 68333
0.92ratio
FMR$840
Market$910
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR- 68333
1.03ratio
FMR$1,060
Market$1,030
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR- 68333
1.22ratio
FMR$1,460
Market$1,200
vs market+$260
FMR is above market; underwrite to market rent.
1.22
4 BR
4 BR- 68333
1.30ratio
FMR$1,610
Market$1,240
vs market+$370
FMR is above market; underwrite to market rent.
1.30
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Crete, NE fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Crete, NE is $1,060 a month. That is up 3.9% from $1,020 in FY 2026. Crete is in the Lincoln, NE HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,230. The median county two-bedroom FMR in Nebraska is $1,014, so Crete is 5% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Crete, NE
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$740
$770
+4.1%
$693–$847
1BR
$820
$840
+2.4%
$756–$924
2BR
$1,020
$1,060
+3.9%
$954–$1,166
3BR
$1,420
$1,460
+2.8%
$1,314–$1,606
4BR
$1,520
$1,610
+5.9%
$1,449–$1,771
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Crete, NE
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$770
$840
$1,060
$1,460
$1,610
FY 2026
$740
$820
$1,020
$1,420
$1,520
FY 2025
$690
$780
$970
$1,360
$1,480
FY 2024
$660
$740
$920
$1,300
$1,410
FY 2023
$610
$690
$880
$1,230
$1,390
Questions about Crete, NE rents
How much will Section 8 pay for a two-bedroom in Crete, NE?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,230, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,107 to $1,353 a month; under the ZIP-level Small Area FMR of $1,060 it would be $954 to $1,166. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Crete, NE in?
Crete, NE is in the Lincoln, NE HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,230.
How much did fair market rent change in Crete, NE for FY 2027?
The two-bedroom FMR rose 3.9%, from $1,020 in FY 2026 to $1,060 in FY 2027. Since FY 2023 it has risen 20.5%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set