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Lancaster County/Lincoln/68583

68583

ZIPFMR
Lancaster County, NE
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$948$820
1 BR$1,009$1,020
2 BR$1,230$1,150
3 BR$1,703$1,630
4 BR$1,915$1,860
5 BR$2,202Not available
6 BR$2,533Not available
7 BR$2,912Not available
8 BR$3,349Not available

Purchase Price Calculator

Maximum purchase price
$108,973

Cost breakdown

+Likely effective rent$1,150
HUD FMR$1,230
Market rentUsed$1,150
Est. payment standard (96%)$1,180
-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

Studio
1.16
1 BR
0.99
2 BR
1.07
3 BR
1.04
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 68583 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 68583 (Lincoln, NE) is $1,230 a month. That is up 7.8% from $1,141 in FY 2026. Lincoln is in the Lincoln, NE HUD Metro FMR Area. The median county two-bedroom FMR in Nebraska is $1,014, so ZIP 68583 is 21% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 68583
BedroomsFY 2027Change90–110% range
Studio$948+10.9%$853–$1,043
1BR$1,009+9.0%$908–$1,110
2BR$1,230+7.8%$1,107–$1,353
3BR$1,703+7.3%$1,533–$1,873
4BR$1,915+11.9%$1,724–$2,107

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 68583
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$948$1,009$1,230$1,703$1,915
FY 2026$855$926$1,141$1,587$1,712
FY 2025$815$910$1,125$1,576$1,685
FY 2024$766$856$1,067$1,504$1,638
FY 2023$684$773$980$1,372$1,546

Questions about ZIP 68583 rents

How much will Section 8 pay for a two-bedroom in ZIP 68583?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,230, that basic range is $1,107 to $1,353 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 68583 in?

ZIP 68583 is in the Lincoln, NE HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 68583 for FY 2027?

The two-bedroom FMR rose 7.8%, from $1,141 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 Fair Market Rents. 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