Location: Lincoln, NE | Metro: Lincoln, NE HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,540 | $497,194 | 0.31% | F |
U.S. Census Bureau data (2024)
The rental market in ZIP code 68336 presents a unique set of challenges and opportunities for landlords and small-portfolio investors. Given the median income data is currently unavailable, it's difficult to provide a precise analysis of the financial capability of households to cover the market rate rent, which is also marked as N/A. However, the Federal Market Rent (FMR) for the area, set at $1300 per month for fiscal year 2024, serves as a benchmark for understanding the local rental landscape.
Affordability becomes a critical issue when considering the demographic makeup of ZIP 68336. With a total population of 496 and only 17.5% of residents being renters, the pool of potential tenants is relatively small. This limited demand suggests that landlords might face stiff competition when seeking to fill vacancies, especially if they aim to charge above the voucher payment standard.
The affordability gap, represented by the difference between the market rate rent and the FMR, could be substantial. If the market rate is higher than $1300, many renters might find it challenging to pay without government assistance. This scenario would likely increase the reliance on Section 8 vouchers among tenants, making landlords who accept vouchers more competitive in the rental market.
For landlords considering their strategy regarding voucher acceptance, the data implies that there is a significant advantage to accepting Section 8 vouchers. The smaller number of renters means that those who can afford higher rents are few, and the majority of the rental market may be dependent on government subsidies. Accepting vouchers ensures a steady stream of tenants and aligns with the financial realities faced by most renters in the area. Landlords who choose to focus solely on cash-paying tenants risk leaving units vacant longer due to the limited pool of individuals capable of paying above the FMR.
In summary, the rental market in ZIP 68336 leans heavily towards an environment where Section 8 vouchers play a crucial role in tenant acquisition and retention. The FMR of $1300 should guide landlords' pricing strategies to ensure competitiveness and occupancy rates. The takeaway is clear: landlords who accept Section 8 vouchers are better positioned to succeed in this market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.