FY2027 Small Area FMR · Spencer, NE
ZIP 68777 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68777 (Spencer, NE) is $1,060 a month, up 6.0% from FY2026. That is 5% above the Boyd County, NE area-wide FMR of $1,014.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 68777 sits in the Boyd County, NE area
Of the 5 ZIP codes HUD lists for the area, 68777 has the 1st highest two-bedroom Small Area FMR. Boyd 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.
ZIP code 68777 crosses more than one HUD area. HUD also lists it under Holt County, NE (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $770 | $693 – $847 | $734 | $690 |
| 1 bedroom | $810 | $729 – $891 | $775 | $760 |
| 2 bedrooms | $1,060 | $954 – $1,166 | $1,014 | $1,000 |
| 3 bedrooms | $1,310 | $1,179 – $1,441 | $1,255 | $1,230 |
| 4 bedrooms | $1,770 | $1,593 – $1,947 | $1,695 | $1,340 |
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 $101,200 and the 80% low-income limit for four people is $80,950. ZIP code 68777 lies mainly in Boyd County and Holt County. See the Boyd County, NE county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 68777?
HUD's FY2027 Small Area Fair Market Rents for 68777 are $770 (studio), $810 (1 BR), $1,060 (2 BR), $1,310 (3 BR) and $1,770 (4 BR) a month.
What is the Section 8 payment standard in 68777?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68777 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 68777?
The FY2026 income limits of the Boyd County, NE area apply: median family income $101,200, low-income (80%) limit $80,950 for a family of four.