FY2027 Small Area FMR · Cedar Creek, NE

ZIP 68016 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68016 (Cedar Creek, NE) is $1,410 a month, down 9.6% from FY2026. That is 3% below the Omaha-Council Bluffs, NE-IA area-wide FMR of $1,450.

2-bedroom SAFMR$1,410per month ▼ 9.6%

Area-wide 2 BR FMR$1,450Omaha-Council Bluffs, NE-IA

Rank in the area52ndof 134 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,269

2 BR Small Area FMR$1,410

110% of SAFMR$1,551

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,130▼ 8.9%

1 BR$1,180▼ 9.9%

2 BR$1,410▼ 9.6%

3 BR$1,870▼ 9.7%

4 BR$2,110▼ 9.4%

FY2027 FY2026

Where 68016 sits in the Omaha-Council Bluffs, NE-IA area

Of the 134 ZIP codes HUD lists for the area, 68016 has the 52nd highest two-bedroom Small Area FMR. Omaha-Council Bluffs, NE-IA is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,269 and $1,551 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,130	$1,017 – $1,243	$1,167	$1,240
1 bedroom	$1,180	$1,062 – $1,298	$1,219	$1,310
2 bedrooms	$1,410	$1,269 – $1,551	$1,450	$1,560
3 bedrooms	$1,870	$1,683 – $2,057	$1,924	$2,070
4 bedrooms	$2,110	$1,899 – $2,321	$2,179	$2,330

A household renting a two-bedroom home at the Small Area FMR of $1,410 needs about $56,400 a year to keep housing costs at 30% of income. The area median family income is $114,000 and the 80% low-income limit for four people is $91,200. ZIP code 68016 lies mainly in Cass County. See the Omaha-Council Bluffs, NE-IA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
68059	Springfield	3.2 mi	$1,600
68056	St Columbans	3.6 mi	$1,600
68037	Louisville	4.2 mi	$1,360
68046	Papillion	6.2 mi	$1,560
68133	Papillion	7.5 mi	$1,650
68058	South Bend	7.6 mi	$1,180

Questions

What is the Fair Market Rent for ZIP code 68016?

HUD's FY2027 Small Area Fair Market Rents for 68016 are $1,130 (studio), $1,180 (1 BR), $1,410 (2 BR), $1,870 (3 BR) and $2,110 (4 BR) a month.

What is the Section 8 payment standard in 68016?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68016 that range is $1,269 to $1,551 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 68016?

The FY2026 income limits of the Omaha-Council Bluffs, NE-IA area apply: median family income $114,000, low-income (80%) limit $91,200 for a family of four.