Location: Lincoln, NE | Metro: Lincoln, NE HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
The ZIP code 68517, with a population of 415, is predominantly a homeowner-dominated area rather than a renter-heavy zone. The data indicates that 0.0% of residents are renters, which suggests that very few people in this ZIP rely on rental housing. This statistic also implies that there is little to no demand for Section 8 vouchers within the area.
The median household income in ZIP 68517 is notably high at $147,209. However, the lack of specific data on market rent makes it challenging to determine precisely how much of this income would typically be allocated to rent payments. Despite this, we can infer that since the area has no reported renters, market rent figures are not available and thus cannot be compared to the Fair Market Rent (FMR).
For context, the FMR for ZIP 68517 is set at $1,030 for fiscal year 2024. Given the high median household income and the absence of renters, it's reasonable to conclude that actual rents in this area, if they were to exist, would likely exceed this FMR significantly. The FMR is a benchmark used by HUD to set limits on rental assistance, but it does not reflect the actual market conditions in areas where homeownership is nearly universal.
A landlord in ZIP 68517 should expect a tenant profile that is non-existent based on the provided data. The lack of renters means that there are no individuals or families utilizing vouchers or relying on rental assistance programs. Landlords in this area might find themselves operating in a niche market, catering to the few potential renters who could afford high-end rental properties, given the local income levels.
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.