FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR- 68069
0.84ratio
FMR$1,290
Market$1,530
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR- 68069
0.82ratio
FMR$1,540
Market$1,880
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.82
3 BR
3 BR- 68069
0.96ratio
FMR$2,040
Market$2,130
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 68069
0.94ratio
FMR$2,310
Market$2,450
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.94
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
--
Waterloo, NE fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Waterloo, NE is $1,540 a month. That is up 11.6% from $1,380 in FY 2026. Waterloo is in the Omaha-Council Bluffs, NE-IA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Nebraska is $1,014, so Waterloo is 52% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Waterloo, NE
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,100
$1,240
+12.7%
$1,116–$1,364
1BR
$1,160
$1,290
+11.2%
$1,161–$1,419
2BR
$1,380
$1,540
+11.6%
$1,386–$1,694
3BR
$1,830
$2,040
+11.5%
$1,836–$2,244
4BR
$2,060
$2,310
+12.1%
$2,079–$2,541
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Waterloo, NE
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,240
$1,290
$1,540
$2,040
$2,310
FY 2026
$1,100
$1,160
$1,380
$1,830
$2,060
FY 2025
$1,040
$1,110
$1,330
$1,770
$1,970
FY 2024
$990
$1,080
$1,300
$1,740
$1,930
FY 2023
$920
$1,030
$1,250
$1,670
$1,860
Questions about Waterloo, NE rents
How much will Section 8 pay for a two-bedroom in Waterloo, NE?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,540, that basic range is $1,386 to $1,694 a month. 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 Waterloo, NE in?
Waterloo, NE is in the Omaha-Council Bluffs, NE-IA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Waterloo, NE for FY 2027?
The two-bedroom FMR rose 11.6%, from $1,380 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 23.2%.
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