FY2027 Small Area FMR · Madrid, NE

ZIP 69150 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 69150 (Madrid, NE) is $1,140 a month, up 5.6% from FY2026. That is 12% above the Perkins County, NE area-wide FMR of $1,014.

2-bedroom SAFMR$1,140per month ▲ 5.6%

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

Rank in the area2ndof 10 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,026

2 BR Small Area FMR$1,140

110% of SAFMR$1,254

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

Studio$830▲ 10.7%

1 BR$1,040▲ 9.5%

2 BR$1,140▲ 5.6%

3 BR$1,360▲ 5.4%

4 BR$1,550▲ 7.6%

FY2027 FY2026

Where 69150 sits in the Perkins County, NE area

Of the 10 ZIP codes HUD lists for the area, 69150 has the 2nd highest two-bedroom Small Area FMR. Perkins 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 $1,140 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	$830	$747 – $913	$734	$750
1 bedroom	$1,040	$936 – $1,144	$924	$950
2 bedrooms	$1,140	$1,026 – $1,254	$1,014	$1,080
3 bedrooms	$1,360	$1,224 – $1,496	$1,208	$1,290
4 bedrooms	$1,550	$1,395 – $1,705	$1,380	$1,440

A household renting a two-bedroom home at the Small Area FMR of $1,140 needs about $45,600 a year to keep housing costs at 30% of income. The area median family income is $90,100 and the 80% low-income limit for four people is $75,300. ZIP code 69150 lies mainly in Perkins County. See the Perkins County, NE county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
69134	Elsie	8.8 mi	$1,010
69140	Grant	12.0 mi	$1,030
69153	Ogallala	18.8 mi	$1,010
69169	Wallace	20.0 mi	$1,010
69033	Imperial	21.1 mi	$1,070
69168	Venango	23.4 mi	$1,300

Questions

What is the Fair Market Rent for ZIP code 69150?

HUD's FY2027 Small Area Fair Market Rents for 69150 are $830 (studio), $1,040 (1 BR), $1,140 (2 BR), $1,360 (3 BR) and $1,550 (4 BR) a month.

What is the Section 8 payment standard in 69150?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 69150 that range is $1,026 to $1,254 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 69150?

The FY2026 income limits of the Perkins County, NE area apply: median family income $90,100, low-income (80%) limit $75,300 for a family of four.