Section 8 Fair Market Rent (FMR) for ZIP 69170 - 2027

Location: Lincoln County, NE | Metro: Lincoln County, NE

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$850
1 Bedroom	$860
2 Bedrooms	$1,120
3 Bedrooms	$1,330
4 Bedrooms	$1,490
5 Bedrooms	$1,728
6 Bedrooms	$1,935
7 Bedrooms	$2,090
8 Bedrooms	$2,195

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

326

Median Household Income

$58,750

Housing Units

159

Renter Percentage

21.5%

Occupancy Rate

81.8%

Renter Occupied

To determine if you should buy in ZIP code 69170 for Section 8 purposes, follow this decision tree based on the provided data:

1) Does the Fair Market Rent (FMR) of $1,000 (for metro FY 2026) cover the debt service on a property?

No: If the FMR does not clear the debt service, purchasing in this area is not advisable. Debt service must be covered by rental income to ensure financial stability.
Yes: Proceed to the next question.

2) Is the market rent of $945 (from Census ACS) above, at, or below the FMR?

Below FMR: The market rent is lower than the FMR, which means that properties could potentially be rented out at higher rates through Section 8 vouchers. This makes the area attractive for Section 8 investments.
At or Above FMR: If the market rent equals or exceeds the FMR, there's less incentive to use Section 8 vouchers since market rates already match or surpass the FMR. This reduces the appeal of the area for Section 8-focused investments.

3) Are 21.5% renters combined with the days on market (DOM) sufficient to meet demand?

It Depends: With 21.5% of residents being renters, the demand for rental housing exists but isn't overwhelming. The key factor here is the DOM. If the DOM is low, indicating quick turnover of rental listings, then the demand is likely strong enough to support Section 8 investments. However, if the DOM is high, suggesting slower turnover, the investment might not be as lucrative.

In conclusion, ZIP 69170 is viable for Section 8 investment if the FMR of $1,000 covers the debt service and the market rent is below this figure. The presence of 21.5% renters suggests a stable demand base, but the actual success of your investment will depend on how quickly rental properties turn over in this market.

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.