Phelps County, NE Fair Market Rent FY2027

Part of the Phelps County, NE non-metro FMR area. Fair Market Rents apply from October 1, 2026.

$734Efficiency +10.2%
$7821 bedroom +2.9%
$1,0142 bedrooms +5.5%
$1,3703 bedrooms +4.5%
$1,6654 bedrooms +13.8%

FY2027 vs FY2026

Unit sizeFY2027FY2026Change
Efficiency$734$666+10.2%
1 bedroom$782$760+2.9%
2 bedrooms$1,014$961+5.5%
3 bedrooms$1,370$1,311+4.5%
4 bedrooms$1,665$1,463+13.8%

FY2026 income limits

Median family income: $102,900

Household size12345678
Extremely low (30%)$21,600$24,700$27,800$33,000$38,680$44,360$50,040$55,720
Very low (50%)$36,050$41,200$46,350$51,450$55,600$59,700$63,800$67,950
Low income (80%)$57,650$65,850$74,100$82,300$88,900$95,500$102,100$108,650

Section 8 income limits set by HUD for FY2026; programs may use different limits.

Two-bedroom FMR since 1983

FY1983: $2651983FY1985: $277FY1986: $345FY1987: $356FY1988: $366FY1989: $3751989FY1990: $385FY1991: $397FY1992: $410FY1993: $417FY1994: $3401994FY1995: $337FY1996: $368FY1997: $376FY1998: $383FY1999: $3891999FY2000: $391FY2001: $394FY2002: $410FY2003: $416FY2004: $4162004FY2005: $530FY2006: $542FY2007: $558FY2008: $571FY2009: $5892009FY2010: $597FY2011: $605FY2012: $584FY2013: $622FY2014: $5872014FY2015: $607FY2016: $631FY2017: $646FY2018: $653FY2019: $7002019FY2020: $698FY2021: $734FY2022: $757FY2023: $826FY2024: $8722024FY2025: $907FY2026: $961FY2027: $1,0142027

Questions and answers

What is the Fair Market Rent in Phelps County, NE for FY2027?

HUD set the FY2027 Fair Market Rents for Phelps County, NE at $734 for an efficiency, $782 for one bedroom, $1,014 for two bedrooms, $1,370 for three and $1,665 for four bedrooms.

How much did Fair Market Rent change in Phelps County, NE?

The two-bedroom FMR changed from $961 in FY2026 to $1,014 in FY2027 (+5.5%).

What are the HUD income limits for Phelps County, NE?

For FY2026 the median family income is $102,900. The low-income (80%) limit for a family of four is $82,300, very low income (50%) $51,450 and extremely low income $33,000.