FY2027 Small Area FMR · Malcolm, NE

ZIP 68402 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68402 (Malcolm, NE) is $1,070 a month, down 5.3% from FY2026. That is 13% below the Lincoln, NE area-wide FMR of $1,230.

2-bedroom SAFMR$1,070per month ▼ 5.3%

Area-wide 2 BR FMR$1,230Lincoln, NE

Rank in the area41stof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$963

2 BR Small Area FMR$1,070

110% of SAFMR$1,177

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

Studio$820▲ 1.2%

1 BR$880▼ 2.2%

2 BR$1,070▼ 5.3%

3 BR$1,480▼ 6.3%

4 BR$1,670▼ 1.8%

FY2027 FY2026

Where 68402 sits in the Lincoln, NE area

Of the 51 ZIP codes HUD lists for the area, 68402 has the 41st highest two-bedroom Small Area FMR. Lincoln, 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 $1,230 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,070 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	$820	$738 – $902	$948	$810
1 bedroom	$880	$792 – $968	$1,009	$900
2 bedrooms	$1,070	$963 – $1,177	$1,230	$1,130
3 bedrooms	$1,480	$1,332 – $1,628	$1,703	$1,580
4 bedrooms	$1,670	$1,503 – $1,837	$1,915	$1,700

A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 a year to keep housing costs at 30% of income. The area median family income is $106,600 and the 80% low-income limit for four people is $85,300. ZIP code 68402 lies mainly in Lancaster County. See the Lincoln, NE county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
68524	Lincoln	3.6 mi	$1,120
68428	Raymond	5.1 mi	$1,380
68360	Garland	6.0 mi	$1,050
68528	Lincoln	6.2 mi	$1,500
68531	Lincoln	7.0 mi	$1,310
68532	Lincoln	8.0 mi	$1,350

Questions

What is the Fair Market Rent for ZIP code 68402?

HUD's FY2027 Small Area Fair Market Rents for 68402 are $820 (studio), $880 (1 BR), $1,070 (2 BR), $1,480 (3 BR) and $1,670 (4 BR) a month.

What is the Section 8 payment standard in 68402?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68402 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 68402?

The FY2026 income limits of the Lincoln, NE area apply: median family income $106,600, low-income (80%) limit $85,300 for a family of four.