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 | $880 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $940 | $138,128 | 0.68% | D |
| 2BR | $1,140 | $179,779 | 0.63% | D |
| 3BR | $1,580 | $211,339 | 0.75% | D |
| 4BR | $1,770 | $224,826 | 0.79% | D |
U.S. Census Bureau data (2024)
The ZIP code 68503, located in Lincoln, NE, falls within the broader Lincoln, NE HUD Metro FMR Area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $900, which is significantly lower than the market rent of $1,400 observed in this area. This difference highlights that 68503 is likely a value pocket within the Lincoln, NE HUD Metro FMR Area.
The median home value in 68503 stands at $201,080, which is also below the typical range for the entire metro area. This suggests that the real estate in this ZIP code is generally more affordable compared to other parts of Lincoln, NE.
Additionally, the renter share in 68503 is 61.1%, indicating a higher proportion of renters relative to homeowners. This characteristic, combined with the below-average home values, points to a potential sweet spot for Section 8 housing opportunities. Landlords and small-portfolio investors looking to capitalize on government-subsidized rental programs should consider 68503 due to its favorable conditions for such investments.
To summarize, 68503 is positioned as a value pocket within the Lincoln, NE HUD Metro FMR Area. The FMR of $900 is notably less than the market rent of $1,400, and the home value of $201,080 is below typical levels. These factors, along with the high renter share, make it an attractive location for those interested in Section 8 properties.
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.