FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR
0.70ratio
FMR$1,010
Market$1,440
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.70
2 BR
2 BR
0.79ratio
FMR$1,230
Market$1,550
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR
1.02ratio
FMR$1,700
Market$1,670
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR
0.97ratio
FMR$1,910
Market$1,960
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
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
--
ZIP 68501 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 68501 (Lincoln, NE) is $1,230 a month. That is up 7.9% from $1,140 in FY 2026. Lincoln 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. Among 51 ZIP codes in Lancaster County, 68501 is tied for the 22nd-highest two-bedroom rent (county range $1,030–$1,820). The median county two-bedroom FMR in Nebraska is $1,014, so ZIP 68501 is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 68501
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$850
$950
+11.8%
$855–$1,045
1BR
$930
$1,010
+8.6%
$909–$1,111
2BR
$1,140
$1,230
+7.9%
$1,107–$1,353
3BR
$1,590
$1,700
+6.9%
$1,530–$1,870
4BR
$1,710
$1,910
+11.7%
$1,719–$2,101
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 68501
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$950
$1,010
$1,230
$1,700
$1,910
FY 2026
$850
$930
$1,140
$1,590
$1,710
FY 2025
$820
$910
$1,130
$1,580
$1,690
FY 2024
$770
$860
$1,070
$1,510
$1,640
FY 2023
$680
$770
$980
$1,370
$1,550
Two-bedroom rent in nearby Lancaster County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 68501?
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 $1,230 it would be $1,107 to $1,353. 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 68501 in?
ZIP 68501 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 ZIP 68501 for FY 2027?
The two-bedroom FMR rose 7.9%, from $1,140 in FY 2026 to $1,230 in FY 2027. Since FY 2023 it has risen 25.5%.
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