ZIP 68003 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 68003 in the Lincoln, NE FMR area.

Lincoln, NE

$900Efficiency

$9801 bedroom

$1,1202 bedrooms

$1,4903 bedrooms

$1,7904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$900	$810	$990	$948
1 bedroom	$980	$882	$1,078	$1,009
2 bedrooms	$1,120	$1,008	$1,232	$1,230
3 bedrooms	$1,490	$1,341	$1,639	$1,703
4 bedrooms	$1,790	$1,611	$1,969	$1,915

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Omaha-Council Bluffs, NE-IA

$900Efficiency

$9801 bedroom

$1,1202 bedrooms

$1,4903 bedrooms

$1,7904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$900	$810	$990	$1,167
1 bedroom	$980	$882	$1,078	$1,219
2 bedrooms	$1,120	$1,008	$1,232	$1,450
3 bedrooms	$1,490	$1,341	$1,639	$1,924
4 bedrooms	$1,790	$1,611	$1,969	$2,179

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Saunders County, NE

$900Efficiency

$9801 bedroom

$1,1202 bedrooms

$1,4903 bedrooms

$1,7904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$900	$810	$990	$931
1 bedroom	$980	$882	$1,078	$1,014
2 bedrooms	$1,120	$1,008	$1,232	$1,153
3 bedrooms	$1,490	$1,341	$1,639	$1,546
4 bedrooms	$1,790	$1,611	$1,969	$1,863

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 68003

$163,459average adjusted gross income per tax return (2022)

$75,882average salaries and wages per return

2,690tax returns filed

8%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	22.3%
$25,000 to $50,000	17.5%
$50,000 to $75,000	13.8%
$75,000 to $100,000	11.2%
$100,000 to $200,000	22.7%
$200,000 or more	12.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 7.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 68003?

HUD's FY2027 Small Area FMRs for ZIP 68003 (Lincoln, NE) are $900 efficiency, $980 one bedroom, $1,120 two bedrooms, $1,490 three and $1,790 four bedrooms.

What payment standard can a housing authority set in ZIP 68003?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,008 to $1,232.

How affordable is rent in ZIP 68003?

Tax returns filed from ZIP 68003 reported an average adjusted gross income of $163,459 (2022). A two-bedroom unit at the Small Area FMR costs $13,440 a year, or 8% of that income.