Section 8 Fair Market Rent (FMR) for ZIP 68372 - 2027

Location: Lincoln, NE | Metro: Lincoln, NE HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,240
1 Bedroom	$1,320
2 Bedrooms	$1,610
3 Bedrooms	$2,230
4 Bedrooms	$2,510
5 Bedrooms	$2,912
6 Bedrooms	$3,261
7 Bedrooms	$3,522
8 Bedrooms	$3,698

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,135

Median Household Income

$114,420

Housing Units

1,473

Renter Percentage

9.3%

Occupancy Rate

98.0%

Renter Occupied

134

Housing Authorities Serving ZIP 68372

Lincoln Housing Authority (Lincoln, NE) - 3,388 Section 8 vouchers

The ZIP code 68372, encompassing Hickman, Nebraska, offers a unique blend of rural charm and economic stability. This small community is characterized by its modest size and strong local economy, which supports a variety of housing needs. However, the rental market is less developed compared to other areas, presenting both challenges and opportunities for investors.

Fair Market Rent (FMR): The FMR for ZIP 68372 is set at $1530 for fiscal year 2024, indicating the average rent that tenants can afford.
Rental Market Data: Unfortunately, specific market rent data is currently unavailable, which could make it difficult to gauge the exact rental demand.
Median Home Value: The median home value in Hickman, NE, stands at $380,032, reflecting the overall property values in the area.
Renter Share: Only 9.3% of the population are renters, suggesting a predominantly owner-occupied market.
Days on Market (DOM): Information regarding the average days a property stays on the market before being rented is not available, making it harder to predict the speed of occupancy.
Median Income: With a median income of $114,420, residents have the financial capacity to support higher rents or mortgage payments.

In summary, the Hickman, NE, market presents a scenario where property values are relatively high, and the median income supports a robust housing market. Despite the lack of detailed rental market data, the low percentage of renters points towards a strong preference for homeownership among the local population. For investors, focusing on homeownership-oriented properties or developing rental units that cater to the upper-income bracket could be a strategic approach. Given the absence of precise market rent figures, leveraging the Fair Market Rent as a benchmark might help in setting competitive rental rates.

Data Sources: FMR data from HUD (2027). 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.