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 | $800 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $584,388 | 0.18% | F |
| 3BR | $1,440 | $572,105 | 0.25% | F |
U.S. Census Bureau data (2024)
The ZIP code 68430, located in Roca, Nebraska, stands out within Lancaster County due to its unique demographic and economic characteristics. With a population of 1,989 residents, only 2.1% of whom rent their homes, it's evident that homeownership is the dominant housing trend in this area. The median income in ZIP 68430 is $145,729, which is significantly higher than the national average, indicating a prosperous community. Additionally, the median home value of $606,160 suggests that property values are high, likely due to the strong local economy and the low demand for rental properties.
Despite the low rental rate, the voucher economics in ZIP 68430 are worth noting. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,370, while the market rent, according to the Census American Community Survey, averages around $2,150. This discrepancy highlights the potential challenges for Section 8 tenants looking to find affordable housing within the area, as the voucher amount may not cover the typical rental costs. However, the relatively small number of renters means that landlords can still expect a stable tenant pool, even if they have to accept slightly lower rents to accommodate Section 8 vouchers.
The data signature for ZIP 68430 reads as stable. The high median income and home values suggest a well-established community with little likelihood of significant change in the near future. The low percentage of renters also points towards a preference for homeownership, which typically indicates a stable population. While the voucher economics present a challenge for those seeking rental accommodation, the overall economic health of the area provides a solid foundation for both landlords and small-portfolio investors.
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.