FY2027 Small Area FMR · Lincoln, NE

ZIP 68516 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68516 (Lincoln, NE) is $1,470 a month, up 11.4% from FY2026. That is 20% above the Lincoln, NE area-wide FMR of $1,230.

2-bedroom SAFMR$1,470per month ▲ 11.4%

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

Rank in the area7thof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,323

2 BR Small Area FMR$1,470

110% of SAFMR$1,617

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

Studio$1,130▲ 14.1%

1 BR$1,210▲ 13.1%

2 BR$1,470▲ 11.4%

3 BR$2,040▲ 10.9%

4 BR$2,290▲ 15.7%

FY2027 FY2026

Where 68516 sits in the Lincoln, NE area

Of the 51 ZIP codes HUD lists for the area, 68516 has the 7th 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 $1,470 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	$1,130	$1,017 – $1,243	$948	$990
1 bedroom	$1,210	$1,089 – $1,331	$1,009	$1,070
2 bedrooms	$1,470	$1,323 – $1,617	$1,230	$1,320
3 bedrooms	$2,040	$1,836 – $2,244	$1,703	$1,840
4 bedrooms	$2,290	$2,061 – $2,519	$1,915	$1,980

A household renting a two-bedroom home at the Small Area FMR of $1,470 needs about $58,800 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 68516 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
68526	Lincoln	3.2 mi	$1,520
68506	Lincoln	3.3 mi	$1,330
68512	Lincoln	3.4 mi	$1,440
68502	Lincoln	4.5 mi	$1,030
68430	Roca	4.7 mi	$1,040
68510	Lincoln	4.9 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 68516?

HUD's FY2027 Small Area Fair Market Rents for 68516 are $1,130 (studio), $1,210 (1 BR), $1,470 (2 BR), $2,040 (3 BR) and $2,290 (4 BR) a month.

What is the Section 8 payment standard in 68516?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68516 that range is $1,323 to $1,617 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 68516?

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.