Location: Lincoln, NE | Metro: Lincoln, NE HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
U.S. Census Bureau data (2024)
The ZIP code 68419 presents a dynamic rental market characterized by a significant gap between the Fair Market Rent (FMR) and the actual market rent. With an FMR of $970 for fiscal year 2024, the area's market rent stands notably higher at $1,313, according to recent Census ACS data. This indicates that the local rental market is robust, likely driven by a combination of factors including strong demand and limited supply.
The median home value in the area is $273,297, suggesting that homeownership is relatively affordable compared to the national average. However, the 10.6% renter share provides insight into the long-term housing dynamics. A lower percentage of renters can imply several things: either there is a preference for homeownership, which could be due to the affordability of homes and stable employment opportunities, or it could indicate a tight rental market with limited units available, pushing more residents towards purchasing rather than renting.
While specific data on the percentage of price cuts and days on market (DOM) are not available, the disparity between FMR and market rent suggests that landlords are commanding premium prices. This premium pricing indicates that demand may be outpacing supply, creating a competitive environment for tenants seeking rental properties. The high market rents also suggest that landlords can maintain occupancy without significantly reducing their asking prices, further reinforcing the idea of a demand-driven market.
In conclusion, ZIP 68419 appears to be a market where demand is likely outpacing supply, evidenced by the premium market rents above the FMR. The low renter share implies either a preference for homeownership or a constrained rental market, both of which contribute to ongoing housing pressure. Landlords and small-portfolio investors should consider these dynamics when making decisions about property management and investment strategies.
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.