FY2027 Small Area FMR · Red Cloud, NE

ZIP 68970 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 68970 (Red Cloud, NE) is $1,010 a month, up 5.2% from FY2026. That is 0% equal to the Webster County, NE area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 5.2%

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

Rank in the area7thof 7 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

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

Studio$730▲ 9.0%

1 BR$820▲ 12.3%

2 BR$1,010▲ 5.2%

3 BR$1,410▲ 10.2%

4 BR$1,700▲ 32.8%

FY2027 FY2026

Where 68970 sits in the Webster County, NE area

Of the 7 ZIP codes HUD lists for the area, 68970 has the 7th highest two-bedroom Small Area FMR. Webster 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 $1,010 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	$730	$657 – $803	$734	$670
1 bedroom	$820	$738 – $902	$823	$730
2 bedrooms	$1,010	$909 – $1,111	$1,014	$960
3 bedrooms	$1,410	$1,269 – $1,551	$1,404	$1,280
4 bedrooms	$1,700	$1,530 – $1,870	$1,695	$1,280

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 a year to keep housing costs at 30% of income. The area median family income is $78,000 and the 80% low-income limit for four people is $75,300. ZIP code 68970 lies mainly in Webster County. See the Webster County, NE county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
68952	Inavale	8.4 mi	$1,140
68942	Guide Rock	11.0 mi	$1,060
68930	Blue Hill	13.0 mi	$1,120
68928	Bladen	13.1 mi	$1,360
68972	Riverton	15.9 mi	$1,220
66936	Burr Oak	16.6 mi	$990

Questions

What is the Fair Market Rent for ZIP code 68970?

HUD's FY2027 Small Area Fair Market Rents for 68970 are $730 (studio), $820 (1 BR), $1,010 (2 BR), $1,410 (3 BR) and $1,700 (4 BR) a month.

What is the Section 8 payment standard in 68970?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 68970 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 68970?

The FY2026 income limits of the Webster County, NE area apply: median family income $78,000, low-income (80%) limit $75,300 for a family of four.