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
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Mortgage rate
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ZIP 69021 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 69021 (Benkelman, NE) is $1,010 a month. That is up 5.2% from $960 in FY 2026. Benkelman is in the Dundy County, NE non-metropolitan 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 county-wide two-bedroom FMR of $1,014. Among 6 ZIP codes in Dundy County, 69021 is tied for the 3rd-highest two-bedroom rent (county range $1,010–$1,050).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 69021
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$670
$730
+9.0%
$657–$803
1BR
$750
$780
+4.0%
$702–$858
2BR
$960
$1,010
+5.2%
$909–$1,111
3BR
$1,190
$1,250
+5.0%
$1,125–$1,375
4BR
$1,280
$1,390
+8.6%
$1,251–$1,529
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 69021
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$730
$780
$1,010
$1,250
$1,390
FY 2026
$670
$750
$960
$1,190
$1,280
FY 2025
$620
$720
$910
$1,130
$1,200
FY 2024area FMR
$591
$689
$872
$1,103
$1,163
FY 2023area FMR
$562
$628
$826
$1,014
$1,122
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
How much will Section 8 pay for a two-bedroom in ZIP 69021?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,010 it would be $909 to $1,111. 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 69021 in?
ZIP 69021 is in the Dundy County, NE non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.
How much did fair market rent change in ZIP 69021 for FY 2027?
The two-bedroom FMR rose 5.2%, from $960 in FY 2026 to $1,010 in FY 2027. Since FY 2025 it has risen 11.0%.
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