Skip to main content
Loading page
Lancaster County/Lincoln/68520

68520

ZIPSAFMR
Lancaster County, NE
Zillow

ZIP Investment Score

35Below average

095130300
BRFMR
Eff. Rent
0 BR$1,390$1,040
1 BR$1,480$1,170
2 BR$1,800$1,460
3 BR$2,490$1,860
4 BR$2,800$2,040
5 BR$3,220Not available
6 BR$3,703Not available
7 BR$4,258Not available
8 BR$4,897Not available

Purchase Price Calculator

Maximum purchase price
$155,039

Cost breakdown

+Likely effective rent$1,460
HUD FMR$1,800
Market rentUsed$1,460
Est. payment standard (90%)$1,620
-Principal and interest-$784
Loan amount$124,031
Down payment$31,008
Rate6.50%
Term30 years
-Operating costs-$476
Property taxes-$155
Insurance-$175
Utilities$0
HOA$0
Management-$146
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,565(76.0% ROI)
Projected value
$166,960
Return breakdown
Property appreciation+$11,921
Loan principal paid down+$4,444
Rental cash flow+$7,200
5-year hold
+$40,298(130.0% ROI)
Projected value
$175,412
Return breakdown
Property appreciation+$20,373
Loan principal paid down+$7,924
Rental cash flow+$12,000
10-year hold
+$86,306(278.3% ROI)
Projected value
$198,463
Return breakdown
Property appreciation+$43,424
Loan principal paid down+$18,882
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.34
1 BR
1.26
2 BR
1.23
3 BR
1.34
4 BR
1.37
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 68520 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 68520 (Lincoln, NE) is $1,800 a month. That is up 8.4% from $1,660 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, 68520 has the 2nd-highest two-bedroom rent (county range $1,030–$1,820). The median county two-bedroom FMR in Nebraska is $1,014, so ZIP 68520 is 78% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 68520
BedroomsFY 2027Change90–110% range
Studio$1,390+12.1%$1,251–$1,529
1BR$1,480+9.6%$1,332–$1,628
2BR$1,800+8.4%$1,620–$1,980
3BR$2,490+7.8%$2,241–$2,739
4BR$2,800+12.4%$2,520–$3,080

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 68520
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,390$1,480$1,800$2,490$2,800
FY 2026$1,240$1,350$1,660$2,310$2,490
FY 2025$1,220$1,370$1,690$2,370$2,530
FY 2024$1,150$1,280$1,600$2,250$2,460
FY 2023$1,030$1,160$1,470$2,060$2,320

Two-bedroom rent in nearby Lancaster County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 68520
68512$1,440−20.0%
68514$1,140−36.7%
68516$1,470−18.3%
68517$1,160−35.6%
68520Current$1,800—
68521$1,460−18.9%
68522$1,390−22.8%
68523$1,300−27.8%
68524$1,120−37.8%
68526$1,520−15.6%
68527$1,340−25.6%
68528$1,500−16.7%

Questions about ZIP 68520 rents

How much will Section 8 pay for a two-bedroom in ZIP 68520?

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 $1,800 it would be $1,620 to $1,980. 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 68520 in?

ZIP 68520 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 68520 for FY 2027?

The two-bedroom FMR rose 8.4%, from $1,660 in FY 2026 to $1,800 in FY 2027. Since FY 2023 it has risen 22.4%.

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 rentLincoln, NE fair market rentNE statewide rentsWhat is SAFMR?Data sources