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Seward County/Lincoln/68528

68528

ZIPSAFMR
Seward County, NE
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$1,160$1,280
1 BR$1,230$1,350
2 BR$1,500$1,580
3 BR$2,080$1,710
4 BR$2,330$1,940
5 BR$2,680Not available
6 BR$3,081Not available
7 BR$3,544Not available
8 BR$4,075Not available

Purchase Price Calculator

Maximum purchase price
$172,871

Cost breakdown

+Likely effective rent$1,580
HUD FMR$1,500
Market rent$1,620
Est. payment standard (105%)Used$1,580
-Principal and interest-$874
Loan amount$138,297
Down payment$34,574
Rate6.50%
Term30 years
-Operating costs-$506
Property taxes-$173
Insurance-$175
Utilities$0
HOA$0
Management-$158
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,447(73.6% ROI)
Projected value
$186,163
Return breakdown
Property appreciation+$13,292
Loan principal paid down+$4,955
Rental cash flow+$7,200
5-year hold
+$43,552(126.0% ROI)
Projected value
$195,588
Return breakdown
Property appreciation+$22,717
Loan principal paid down+$8,836
Rental cash flow+$12,000
10-year hold
+$93,473(270.4% ROI)
Projected value
$221,289
Return breakdown
Property appreciation+$48,418
Loan principal paid down+$21,054
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.87
1 BR
0.84
2 BR
0.93
3 BR
1.22
4 BR
1.20
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 68528 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 68528 (Lincoln, NE) is $1,500 a month. That is up 8.7% from $1,380 in FY 2026. Lincoln is in the Seward County, 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 $1,055. Among 20 ZIP codes in Seward County, 68528 has the 3rd-highest two-bedroom rent (county range $1,010–$1,570). The median county two-bedroom FMR in Nebraska is $1,014, so ZIP 68528 is 48% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 68528
BedroomsFY 2027Change90–110% range
Studio$1,160+12.6%$1,044–$1,276
1BR$1,230+9.8%$1,107–$1,353
2BR$1,500+8.7%$1,350–$1,650
3BR$2,080+8.3%$1,872–$2,288
4BR$2,330+12.6%$2,097–$2,563

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 68528
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,160$1,230$1,500$2,080$2,330
FY 2026$1,030$1,120$1,380$1,920$2,070
FY 2025$990$1,110$1,370$1,920$2,050
FY 2024$930$1,040$1,300$1,830$2,000
FY 2023$850$950$1,210$1,690$1,910

Two-bedroom rent in nearby Seward County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 68528
68364$1,080−28.0%
68367$1,010−32.7%
68405$1,010−32.7%
68423$1,030−31.3%
68428$1,380−8.0%
68434$1,080−28.0%
68439$1,010−32.7%
68456$1,030−31.3%
68460$1,120−25.3%
68528Current$1,500—
68532$1,350−10.0%
68669$1,520+1.3%

Questions about ZIP 68528 rents

How much will Section 8 pay for a two-bedroom in ZIP 68528?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,055, which applies unless the housing authority uses Small Area FMRs, that basic range is $950 to $1,161 a month; under the ZIP-level Small Area FMR of $1,500 it would be $1,350 to $1,650. 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 68528 in?

ZIP 68528 is in the Seward County, NE HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,055.

How much did fair market rent change in ZIP 68528 for FY 2027?

The two-bedroom FMR rose 8.7%, from $1,380 in FY 2026 to $1,500 in FY 2027. Since FY 2023 it has risen 24.0%.

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