Section 8 Fair Market Rent (FMR) for ZIP 68588 - 2027
Location: Lincoln, NE | Metro: Lincoln, NE HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $950 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
To determine if you should buy in ZIP code 68588 for Section 8 investments, follow these steps:
- Step 1: Does the Fair Market Rent (FMR) of $1070 cover your debt service?
- Yes: If the FMR of $1070 can fully cover your debt service, then proceed to Step 2.
- No: If the FMR does not cover your debt service, purchasing in this area is not advisable as you will face financial losses.
- Step 2: How does the market rent compare to the FMR?
- Above FMR: If the market rent is higher than $1070, you might consider investing outside of Section 8, as you could potentially get better returns from private tenants.
- At FMR: If the market rent matches the FMR, Section 8 properties are a good fit. Continue to Step 3.
- Below FMR: If the market rent is lower than $1070, Section 8 housing can still be profitable as long as you can secure enough demand. Move to Step 3.
- Step 3: Is there sufficient tenant demand?
- N/A% Renters + N/A-day Days on Market (DOM):
- It depends: The percentage of renters and the average DOM in ZIP 68588 are crucial factors. A high percentage of renters indicates strong demand, while a low DOM suggests quick turnover. However, without specific percentages and DOM values, it's difficult to make a definitive recommendation. If the percentage of renters is substantial and the DOM is relatively short, the demand is likely sufficient to support Section 8 investments.
Note: Due to missing data points such as the exact market rent and percentage of renters, some branches of the decision tree cannot provide a clear yes or no answer. Ensure you gather comprehensive local market data before making an investment decision.
Data Sources: FMR data from HUD (2027).
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.