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Cass County/Weeping Water/68463

68463

ZIPSAFMR
Cass County, NE
Zillow

ZIP Investment Score

95Above average

095130300
BRFMR
Eff. Rent
0 BR$930$930
1 BR$970$970
2 BR$1,150$1,150
3 BR$1,530$1,530
4 BR$1,730$1,730
5 BR$1,989Not available
6 BR$2,288Not available
7 BR$2,631Not available
8 BR$3,026Not available

Purchase Price Calculator

Maximum purchase price
$108,973

Cost breakdown

+Likely effective rent$1,150
HUD FMRUsed$1,150
Market rentN/A
Est. payment standardN/A
-Principal and interest-$551
Loan amount$87,178
Down payment$21,795
Rate6.50%
Term30 years
-Operating costs-$399
Property taxes-$109
Insurance-$175
Utilities$0
HOA$0
Management-$115
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,702(85.8% ROI)
Projected value
$117,352
Return breakdown
Property appreciation+$8,379
Loan principal paid down+$3,123
Rental cash flow+$7,200
5-year hold
+$31,890(146.3% ROI)
Projected value
$123,293
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,570
Rental cash flow+$12,000
10-year hold
+$67,794(311.1% ROI)
Projected value
$139,495
Return breakdown
Property appreciation+$30,522
Loan principal paid down+$13,272
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 68463 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 68463 (Weeping Water, NE) is $1,150 a month. That is up 12.7% from $1,020 in FY 2026. Weeping Water 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. Among 20 ZIP codes in Cass County, 68463 has the 16th-highest two-bedroom rent (county range $1,010–$2,000). The median county two-bedroom FMR in Nebraska is $1,014, so ZIP 68463 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 68463
BedroomsFY 2027Change90–110% range
Studio$930+14.8%$837–$1,023
1BR$970+12.8%$873–$1,067
2BR$1,150+12.7%$1,035–$1,265
3BR$1,530+13.3%$1,377–$1,683
4BR$1,730+13.1%$1,557–$1,903

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 68463
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$930$970$1,150$1,530$1,730
FY 2026$810$860$1,020$1,350$1,530
FY 2025$810$880$1,060$1,410$1,560
FY 2024$730$800$980$1,310$1,450
FY 2023$630$720$880$1,180$1,320

Two-bedroom rent in nearby Cass County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 68463
68349$1,010−12.2%
68366$1,400+21.7%
68403$1,190+3.5%
68407$1,190+3.5%
68409$1,440+25.2%
68413$1,430+24.3%
68418$1,560+35.7%
68454$1,280+11.3%
68455$2,000+73.9%
68462$1,210+5.2%
68463Current$1,150—
68527$1,340+16.5%

Questions about ZIP 68463 rents

How much will Section 8 pay for a two-bedroom in ZIP 68463?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,150, that basic range is $1,035 to $1,265 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 ZIP 68463 in?

ZIP 68463 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 ZIP 68463 for FY 2027?

The two-bedroom FMR rose 12.7%, from $1,020 in FY 2026 to $1,150 in FY 2027. Since FY 2023 it has risen 30.7%.

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

County fair market rentWeeping Water, NE fair market rentNE statewide rentsWhat is SAFMR?Data sources