FY2027 Small Area FMR · Waterloo, NE

ZIP 68069 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68069 (Waterloo, NE) is $1,540 a month, up 11.6% from FY2026. That is 6% above the Omaha-Council Bluffs, NE-IA area-wide FMR of $1,450.

2-bedroom SAFMR$1,540per month ▲ 11.6%

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

Rank in the area28thof 134 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,386

2 BR Small Area FMR$1,540

110% of SAFMR$1,694

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

Studio$1,240▲ 12.7%

1 BR$1,290▲ 11.2%

2 BR$1,540▲ 11.6%

3 BR$2,040▲ 11.5%

4 BR$2,310▲ 12.1%

FY2027 FY2026

Where 68069 sits in the Omaha-Council Bluffs, NE-IA area

Of the 134 ZIP codes HUD lists for the area, 68069 has the 28th 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 $1,386 and $1,694 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,240	$1,116 – $1,364	$1,167	$1,100
1 bedroom	$1,290	$1,161 – $1,419	$1,219	$1,160
2 bedrooms	$1,540	$1,386 – $1,694	$1,450	$1,380
3 bedrooms	$2,040	$1,836 – $2,244	$1,924	$1,830
4 bedrooms	$2,310	$2,079 – $2,541	$2,179	$2,060

A household renting a two-bedroom home at the Small Area FMR of $1,540 needs about $61,600 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 68069 lies mainly in Douglas County and Sarpy 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
68022	Elkhorn	4.3 mi	$1,730
68073	Yutan	5.3 mi	$1,720
68130	Omaha	6.3 mi	$1,920
68135	Omaha	6.8 mi	$2,180
68118	Omaha	7.3 mi	$2,180
68064	Valley	8.2 mi	$1,240

Questions

What is the Fair Market Rent for ZIP code 68069?

HUD's FY2027 Small Area Fair Market Rents for 68069 are $1,240 (studio), $1,290 (1 BR), $1,540 (2 BR), $2,040 (3 BR) and $2,310 (4 BR) a month.

What is the Section 8 payment standard in 68069?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68069 that range is $1,386 to $1,694 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 68069?

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.