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 | $790 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $850 | $139,074 | 0.61% | D |
| 2BR | $1,030 | $217,592 | 0.47% | F |
| 3BR | $1,430 | $273,907 | 0.52% | F |
| 4BR | $1,600 | $328,642 | 0.49% | F |
| 5BR | $1,856 | $370,861 | 0.5% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 68510 in Lincoln, NE, hinges on its yield and stability metrics. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $940. This figure contrasts with the local market rent of $1,260, indicating that landlords could potentially earn above the FMR if they manage to lease properties at market rates. Additionally, the median home value in this ZIP code is $254,748, which is a substantial investment.
Stability indicators show that 41.7% of residents are renters, with an average of 15 days on the market (DOM) for rental listings. The median household income is $65,951, providing a baseline for assessing tenants' ability to pay rent. These factors collectively suggest a moderate level of stability, as the relatively low DOM indicates a competitive rental market where properties are occupied promptly, and the income level supports the feasibility of collecting market rents.
Given these figures, ZIP 68510 leans towards being a steady-cashflow zone. The difference between the FMR and market rent suggests potential for higher yields, but the stability metrics—particularly the median income and quick turnover—indicate a reliable tenant base capable of sustaining consistent rental payments. Landlords should aim to lease properties at or near the market rate of $1,260 to maximize returns while maintaining a stable occupancy rate.
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.