FY2027 Small Area FMR · Greeley, NE

ZIP 68842 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68842 (Greeley, NE) is $1,110 a month, up 2.8% from FY2026. That is 9% above the Greeley County, NE area-wide FMR of $1,014.

2-bedroom SAFMR$1,110per month ▲ 2.8%

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

Rank in the area1stof 9 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$999

2 BR Small Area FMR$1,110

110% of SAFMR$1,221

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

Studio$800▲ 6.7%

1 BR$850▲ 3.7%

2 BR$1,110▲ 2.8%

3 BR$1,320▲ 2.3%

4 BR$1,510▲ 3.4%

FY2027 FY2026

Where 68842 sits in the Greeley County, NE area

Of the 9 ZIP codes HUD lists for the area, 68842 has the 1st highest two-bedroom Small Area FMR. Greeley 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 $1,110 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	$800	$720 – $880	$734	$750
1 bedroom	$850	$765 – $935	$775	$820
2 bedrooms	$1,110	$999 – $1,221	$1,014	$1,080
3 bedrooms	$1,320	$1,188 – $1,452	$1,208	$1,290
4 bedrooms	$1,510	$1,359 – $1,661	$1,380	$1,460

A household renting a two-bedroom home at the Small Area FMR of $1,110 needs about $44,400 a year to keep housing costs at 30% of income. The area median family income is $91,700 and the 80% low-income limit for four people is $75,300. ZIP code 68842 lies mainly in Greeley County. See the Greeley County, NE county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
68875	Scotia	8.8 mi	$1,010
68882	Wolbach	10.7 mi	$1,060
68655	Primrose	14.6 mi	$1,040
68665	Spalding	15.0 mi	$1,030
68627	Cedar Rapids	16.9 mi	$1,010
68835	Elba	17.4 mi	$1,040

Questions

What is the Fair Market Rent for ZIP code 68842?

HUD's FY2027 Small Area Fair Market Rents for 68842 are $800 (studio), $850 (1 BR), $1,110 (2 BR), $1,320 (3 BR) and $1,510 (4 BR) a month.

What is the Section 8 payment standard in 68842?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68842 that range is $999 to $1,221 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 68842?

The FY2026 income limits of the Greeley County, NE area apply: median family income $91,700, low-income (80%) limit $75,300 for a family of four.