Nebraska · FIPS 31119 · HUD FY 2027
Madison County, Nebraska Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Madison County is $1,082 a month (rent plus utilities), 14% below the Nebraska average of $1,260 and 39% below the U.S. average of $1,761. That is up $90 (9.1%) from FY 2026. At 30% of income, a household needs about $43,280 a year to afford it.
- $1,0822-bedroom FMR+$90 (+9.1%) vs FY 2026
- $8661-bedroom FMRNebraska: $1,036 · U.S.: $1,478
- $43,280Income for a 2-bedroom$21/hour full-time
- 18 of 932BR rank in Nebraska1 = highest rent
| Unit | Madison County FY 2027 | FY 2026 | Change | Nebraska avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $753 | $684 | +$69 (+10.1%) | $977 | $1,379 | $30,120 |
| 1 bedroom | $866 | $758 | +$108 (+14.2%) | $1,036 | $1,478 | $34,640 |
| 2 bedrooms | $1,082 | $992 | +$90 (+9.1%) | $1,260 | $1,761 | $43,280 |
| 3 bedrooms | $1,400 | $1,285 | +$115 (+8.9%) | $1,659 | $2,266 | $56,000 |
| 4 bedrooms | $1,665 | $1,524 | +$141 (+9.3%) | $1,883 | $2,607 | $66,600 |
How Madison County compares
- Madison County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Nebraska, 2-bedroom FMRs run from $1,014 (Wheeler County) to $1,450 (Cass County).
- Studio to 4-bedroom: $753, $866, $1,082, $1,400, $1,665. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 5 ZIP codes mostly in Madison County (by land area), the 2-bedroom figure ranges from $1,010 to $1,110.
Small Area FMRs by ZIP code in Madison County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 68701 | $780 | $880 | $1,110 | $1,430 | $1,690 | +$90 (+8.8%) | 3% above |
| 68715 | $770 | $890 | $1,110 | $1,440 | $1,710 | +$110 (+11.0%) | 3% above |
| 68748 | $750 | $860 | $1,080 | $1,400 | $1,660 | +$110 (+11.3%) | about the same as |
| 68752 | $760 | $850 | $1,070 | $1,380 | $1,640 | +$90 (+9.2%) | 1% below |
| 68758 | $710 | $810 | $1,010 | $1,320 | $1,540 | +$50 (+5.2%) | 7% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.