FY2027 Small Area FMR · Gilead, NE

ZIP 68362 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68362 (Gilead, NE) is $1,030 a month, up 5.1% from FY2026. That is 2% above the Thayer County, NE area-wide FMR of $1,014.

2-bedroom SAFMR$1,030per month ▲ 5.1%

Area-wide 2 BR FMR$1,014Thayer County, NE

Rank in the area3rdof 16 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

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

Studio$750▲ 10.3%

1 BR$790▲ 5.3%

2 BR$1,030▲ 5.1%

3 BR$1,230▲ 4.2%

4 BR$1,350▲ 3.8%

FY2027 FY2026

Where 68362 sits in the Thayer County, NE area

Of the 16 ZIP codes HUD lists for the area, 68362 has the 3rd highest two-bedroom Small Area FMR. Thayer 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 $1,014 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,030 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	$750	$675 – $825	$734	$680
1 bedroom	$790	$711 – $869	$775	$750
2 bedrooms	$1,030	$927 – $1,133	$1,014	$980
3 bedrooms	$1,230	$1,107 – $1,353	$1,208	$1,180
4 bedrooms	$1,350	$1,215 – $1,485	$1,333	$1,300

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 a year to keep housing costs at 30% of income. The area median family income is $89,900 and the 80% low-income limit for four people is $75,300. ZIP code 68362 lies mainly in Thayer County. See the Thayer County, NE county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
68370	Hebron	5.7 mi	$1,030
68429	Reynolds	7.1 mi	$1,010
68303	Alexandria	7.9 mi	$1,010
68375	Hubbell	8.3 mi	$1,010
68315	Belvidere	8.8 mi	$1,020
68352	Fairbury	11.2 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 68362?

HUD's FY2027 Small Area Fair Market Rents for 68362 are $750 (studio), $790 (1 BR), $1,030 (2 BR), $1,230 (3 BR) and $1,350 (4 BR) a month.

What is the Section 8 payment standard in 68362?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68362 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 68362?

The FY2026 income limits of the Thayer County, NE area apply: median family income $89,900, low-income (80%) limit $75,300 for a family of four.