FY2027 Small Area FMR · Malmo, NE

ZIP 68040 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68040 (Malmo, NE) is $1,200 a month, down 3.2% from FY2026. That is 4% above the Saunders County, NE area-wide FMR of $1,153.

2-bedroom SAFMR$1,200per month ▼ 3.2%

Area-wide 2 BR FMR$1,153Saunders County, NE

Rank in the area10thof 20 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,080

2 BR Small Area FMR$1,200

110% of SAFMR$1,320

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

Studio$970▼ 2.0%

1 BR$1,050▼ 3.7%

2 BR$1,200▼ 3.2%

3 BR$1,610▼ 1.2%

4 BR$1,940▲ 5.4%

FY2027 FY2026

Where 68040 sits in the Saunders County, NE area

Of the 20 ZIP codes HUD lists for the area, 68040 has the 10th highest two-bedroom Small Area FMR. Saunders County, NE is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,153 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,200 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$970	$873 – $1,067	$931	$990
1 bedroom	$1,050	$945 – $1,155	$1,014	$1,090
2 bedrooms	$1,200	$1,080 – $1,320	$1,153	$1,240
3 bedrooms	$1,610	$1,449 – $1,771	$1,546	$1,630
4 bedrooms	$1,940	$1,746 – $2,134	$1,863	$1,840

A household renting a two-bedroom home at the Small Area FMR of $1,200 needs about $48,000 a year to keep housing costs at 30% of income. The area median family income is $117,600 and the 80% low-income limit for four people is $94,100. ZIP code 68040 lies mainly in Saunders County. See the Saunders County, NE county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
68050	Prague	5.7 mi	$1,070
68018	Colon	6.3 mi	$1,290
68070	Weston	6.9 mi	$1,230
68015	Cedar Bluffs	8.5 mi	$1,280
68066	Wahoo	8.7 mi	$1,130
68648	Morse Bluff	8.8 mi	$1,260

Questions

What is the Fair Market Rent for ZIP code 68040?

HUD's FY2027 Small Area Fair Market Rents for 68040 are $970 (studio), $1,050 (1 BR), $1,200 (2 BR), $1,610 (3 BR) and $1,940 (4 BR) a month.

What is the Section 8 payment standard in 68040?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68040 that range is $1,080 to $1,320 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 68040?

The FY2026 income limits of the Saunders County, NE area apply: median family income $117,600, low-income (80%) limit $94,100 for a family of four.