FY2027 Small Area FMR · Steele City, NE

ZIP 68440 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68440 (Steele City, NE) is $1,060 a month, up 10.4% from FY2026. That is 5% above the Jefferson County, NE area-wide FMR of $1,014.

2-bedroom SAFMR$1,060per month ▲ 10.4%

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

Rank in the area3rdof 14 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$954

2 BR Small Area FMR$1,060

110% of SAFMR$1,166

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

Studio$760▲ 13.4%

1 BR$810▲ 6.6%

2 BR$1,060▲ 10.4%

3 BR$1,420▲ 6.0%

4 BR$1,450▼ 2.0%

FY2027 FY2026

Where 68440 sits in the Jefferson County, NE area

Of the 14 ZIP codes HUD lists for the area, 68440 has the 3rd highest two-bedroom Small Area FMR. Jefferson 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 $1,060 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	$760	$684 – $836	$734	$670
1 bedroom	$810	$729 – $891	$775	$760
2 bedrooms	$1,060	$954 – $1,166	$1,014	$960
3 bedrooms	$1,420	$1,278 – $1,562	$1,374	$1,340
4 bedrooms	$1,450	$1,305 – $1,595	$1,380	$1,480

A household renting a two-bedroom home at the Small Area FMR of $1,060 needs about $42,400 a year to keep housing costs at 30% of income. The area median family income is $79,800 and the 80% low-income limit for four people is $75,300. ZIP code 68440 lies mainly in Jefferson County. See the Jefferson County, NE county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
68342	Diller	3.8 mi	$1,060
68350	Endicott	3.9 mi	$1,010
66946	Hollenberg	6.6 mi	$980
68415	Odell	9.6 mi	$1,010
68377	Jansen	10.8 mi	$1,150
68352	Fairbury	13.2 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 68440?

HUD's FY2027 Small Area Fair Market Rents for 68440 are $760 (studio), $810 (1 BR), $1,060 (2 BR), $1,420 (3 BR) and $1,450 (4 BR) a month.

What is the Section 8 payment standard in 68440?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68440 that range is $954 to $1,166 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 68440?

The FY2026 income limits of the Jefferson County, NE area apply: median family income $79,800, low-income (80%) limit $75,300 for a family of four.