Location: Lincoln, NE | Metro: Lincoln, NE HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $2,040 |
| 5 Bedrooms | $2,366 |
| 6 Bedrooms | $2,650 |
| 7 Bedrooms | $2,862 |
| 8 Bedrooms | $3,005 |
U.S. Census Bureau data (2024)
The ZIP code 68531 stands out due to its unique demographic and economic characteristics. With only 186 residents, it is among the least populated areas, making every percentage point significant. The rental rate at 14.0% indicates that a substantial portion of the population owns their homes, which contrasts with the national average where a higher percentage of individuals rent. Despite the low population, the median household income is a robust $167,500. However, the absence of a reported median home value suggests limited housing stock or data collection challenges.
Turning to the voucher economics, the Fair Market Rent (FMR) for ZIP 68531 in fiscal year 2024 is set at $1230. This figure is crucial for landlords and small-portfolio investors as it dictates the maximum rent allowed under the Section 8 program. Given the lack of data on the local market rent, it's difficult to assess how the FMR compares to actual market rates, but the high median income implies that many residents could afford higher rents without assistance.
The data signature for ZIP 68531 reads as "stable." The high median income suggests financial stability among the residents, while the low rental rate indicates a preference for homeownership. Although the median home value is not available, the combination of these factors points towards a community that is financially secure and unlikely to experience significant transitions in the near future. For landlords and investors considering Section 8 participation, the stable environment might provide a predictable and consistent tenant base, albeit with a smaller pool of potential renters due to the low population and high homeownership rate.
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.