Location: Omaha-Council Bluffs, 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 | $1,030 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,840 | $489,354 | 0.38% | F |
| 4BR | $2,060 | $524,734 | 0.39% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 68527 in fiscal year 2024 is set at $1190. This figure represents the maximum amount that a landlord can charge as monthly rent for a Section 8 property in this area. It's important to note that this is not the actual rent you will receive; it is the benchmark used to determine eligibility and payment standards for tenants participating in the Housing Choice Voucher program.
While the local median rent for ZIP 68527 is currently listed as N/A, the FMR serves as a reliable indicator of the average market rent for a modest home in this area. The FMR is calculated by HUD to ensure that voucher holders have access to decent, safe, and sanitary housing at rents that are reasonable and affordable.
The demand for Section 8 rentals in ZIP 68527 is estimated to be high, with a renter share of 1.8%. This means that for every 100 units of housing available, there are approximately 1.8 households who would qualify and seek to use their vouchers. Given the limited supply of affordable housing, this suggests a strong likelihood of finding qualified tenants for your property.
To put the FMR into perspective, consider that the median household income in ZIP 68527 is such that a significant portion of residents would find the $1190 limit attractive. Furthermore, the typical acquisition cost for a property in this area is around $519,014. While this might seem like a substantial investment, the stability provided by Section 8 tenants can offset the financial risks associated with traditional rentals.
Before committing to a Section 8 rental, it is crucial to verify that your property meets the necessary inspection criteria. HUD requires that all properties leased under the Section 8 program pass a thorough inspection to ensure they meet minimum housing quality standards. This verification process ensures that your property is suitable for occupancy and that you comply with federal guidelines, which is essential for maintaining eligibility in the program.
In summary, with an FMR of $1190, a strong demand indicated by the 1.8% renter share, and an acquisition cost of $519,014, ZIP 68527 presents a viable opportunity for landlords and small-portfolio investors interested in Section 8 rentals. Ensuring your property passes the required inspection is the final step to confirming its readiness for participation in this program.
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.