FY2027 Small Area FMR · Oak, NE
ZIP 68964 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68964 (Oak, NE) is $1,020 a month, up 6.2% from FY2026. That is 1% above the Nuckolls 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 68964 sits in the Nuckolls County, NE area
Of the 12 ZIP codes HUD lists for the area, 68964 has the 5th highest two-bedroom Small Area FMR. Nuckolls 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 $1,020 for this ZIP code instead.
ZIP code 68964 crosses more than one HUD area. HUD also lists it under Thayer 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 | $740 | $666 – $814 | $734 | $670 |
| 1 bedroom | $780 | $702 – $858 | $775 | $740 |
| 2 bedrooms | $1,020 | $918 – $1,122 | $1,014 | $960 |
| 3 bedrooms | $1,270 | $1,143 – $1,397 | $1,305 | $1,160 |
| 4 bedrooms | $1,370 | $1,233 – $1,507 | $1,380 | $1,280 |
A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $94,100 and the 80% low-income limit for four people is $75,300. ZIP code 68964 lies mainly in Nuckolls County and Thayer County. See the Nuckolls 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 68964?
HUD's FY2027 Small Area Fair Market Rents for 68964 are $740 (studio), $780 (1 BR), $1,020 (2 BR), $1,270 (3 BR) and $1,370 (4 BR) a month.
What is the Section 8 payment standard in 68964?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68964 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 68964?
The FY2026 income limits of the Nuckolls County, NE area apply: median family income $94,100, low-income (80%) limit $75,300 for a family of four.