FY2027 Small Area FMR · Morse Bluff, NE

ZIP 68648 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68648 (Morse Bluff, NE) is $1,260 a month, up 1.6% from FY2026. That is 9% above the Saunders County, NE area-wide FMR of $1,153.

2-bedroom SAFMR$1,260per month ▲ 1.6%

Area-wide 2 BR FMR$1,153Saunders County, NE

Rank in the area6thof 20 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,134

2 BR Small Area FMR$1,260

110% of SAFMR$1,386

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

Studio$970▲ 7.8%

1 BR$1,040▲ 5.1%

2 BR$1,260▲ 1.6%

3 BR$1,640▲ 4.5%

4 BR$1,870▲ 9.4%

FY2027 FY2026

Where 68648 sits in the Saunders County, NE area

Of the 20 ZIP codes HUD lists for the area, 68648 has the 6th highest two-bedroom Small Area FMR. Saunders 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 $1,153 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,260 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	$970	$873 – $1,067	$931	$900
1 bedroom	$1,040	$936 – $1,144	$1,014	$990
2 bedrooms	$1,260	$1,134 – $1,386	$1,153	$1,240
3 bedrooms	$1,640	$1,476 – $1,804	$1,546	$1,570
4 bedrooms	$1,870	$1,683 – $2,057	$1,863	$1,710

A household renting a two-bedroom home at the Small Area FMR of $1,260 needs about $50,400 a year to keep housing costs at 30% of income. The area median family income is $117,600 and the 80% low-income limit for four people is $94,100. ZIP code 68648 lies mainly in Saunders County. See the Saunders County, NE county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
68649	North Bend	7.2 mi	$1,370
68050	Prague	7.3 mi	$1,070
68036	Linwood	7.9 mi	$1,520
68015	Cedar Bluffs	8.2 mi	$1,280
68040	Malmo	8.8 mi	$1,200
68001	Abie	9.6 mi	$1,440

Questions

What is the Fair Market Rent for ZIP code 68648?

HUD's FY2027 Small Area Fair Market Rents for 68648 are $970 (studio), $1,040 (1 BR), $1,260 (2 BR), $1,640 (3 BR) and $1,870 (4 BR) a month.

What is the Section 8 payment standard in 68648?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68648 that range is $1,134 to $1,386 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 68648?

The FY2026 income limits of the Saunders County, NE area apply: median family income $117,600, low-income (80%) limit $94,100 for a family of four.