Location: Lincoln, NE | Metro: Lincoln, NE HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
The ZIP code 68514, located in a county with a total of 420 residents, stands out due to its unique economic profile. With only 14.7% of the population renting, it indicates a predominantly owner-occupied area. The median income for this ZIP is reported at $122,125, which is significantly higher than the national average, suggesting a relatively affluent community. However, the lack of data on median home value leaves some uncertainty regarding the housing market dynamics.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 68514 in fiscal year 2024 is set at $1070. This figure is crucial for landlords and small-portfolio investors as it defines the maximum rental amount that can be covered by a voucher. Despite the high median income, the absence of market rent data means that landlords must rely on the FMR to guide their pricing strategies. It's important to note that if the actual market rent exceeds $1070, tenants might struggle to find affordable units, potentially leading to a shortage of available rentals.
Given the data signature of ZIP 68514, it appears to be a stable area with a strong economic foundation. The high median income suggests financial stability among residents, which is beneficial for landlords. However, the low percentage of renters and the lack of specific market rent data indicate a transitional phase where the rental market is not well-defined. Investors should consider these factors when deciding to participate in the Section 8 program within this ZIP code.
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.