FY2027 Small Area FMR · Manley, NE

ZIP 68403 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68403 (Manley, NE) is $1,190 a month, up 10.2% from FY2026. That is 18% below the Omaha-Council Bluffs, NE-IA area-wide FMR of $1,450.

2-bedroom SAFMR$1,190per month ▲ 10.2%

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

Rank in the area85thof 134 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,071

2 BR Small Area FMR$1,190

110% of SAFMR$1,309

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

Studio$960▲ 11.6%

1 BR$1,000▲ 9.9%

2 BR$1,190▲ 10.2%

3 BR$1,580▲ 10.5%

4 BR$1,790▲ 10.5%

FY2027 FY2026

Where 68403 sits in the Omaha-Council Bluffs, NE-IA area

Of the 134 ZIP codes HUD lists for the area, 68403 has the 85th 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 $1,071 and $1,309 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$960	$864 – $1,056	$1,167	$860
1 bedroom	$1,000	$900 – $1,100	$1,219	$910
2 bedrooms	$1,190	$1,071 – $1,309	$1,450	$1,080
3 bedrooms	$1,580	$1,422 – $1,738	$1,924	$1,430
4 bedrooms	$1,790	$1,611 – $1,969	$2,179	$1,620

A household renting a two-bedroom home at the Small Area FMR of $1,190 needs about $47,600 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 68403 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
68463	Weeping Water	3.7 mi	$1,150
68037	Louisville	4.8 mi	$1,360
68407	Murdock	5.2 mi	$1,190
68058	South Bend	7.1 mi	$1,180
68016	Cedar Creek	8.9 mi	$1,410
68413	Nehawka	9.0 mi	$1,430

Questions

What is the Fair Market Rent for ZIP code 68403?

HUD's FY2027 Small Area Fair Market Rents for 68403 are $960 (studio), $1,000 (1 BR), $1,190 (2 BR), $1,580 (3 BR) and $1,790 (4 BR) a month.

What is the Section 8 payment standard in 68403?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68403 that range is $1,071 to $1,309 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 68403?

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.