JeffCroweCRE

Housing market/Nebraska/ZIP 68502

ACS 2023 · FY2027 SAFMR

ZIP 68502 Lincoln, Nebraska

Lincoln, NE HUD Metro FMR Area · Nebraska. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
25,571
Households
11,155
Median HH income
$65,825
Renter share
47.1%
Median gross rent
$812
Vacancy
6.5%
Pop. change
-3.0%
2BR SAFMR
$1,030
SAFMR / rent
1.268×
2–49 unit stock
3,884
LIHTC proj / units
1 / 32
HUD assisted MF
1 / 10

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 68502 · NE — sent to you.

ZIP 68502 · NE

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 68502 — Lincoln, NE HUD Section 8 Payment Standards / SAFMR →
ACS median rent$812
2BR SAFMR$1,030
90% floor$927
110% ceiling$1,133

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 68502

  • 1-unit detached7,47562.6%
  • 1-unit attached3482.9%
  • 2–4 units1,44112.1%
  • 5–49 units2,44320.5%
  • 50+ units1881.6%
  • Mobile410.3%
TypeUnitsShare
1-unit detached7,47562.6%
1-unit attached3482.9%
2 units (duplex)6825.7%
3–4 units7596.4%
5–9 units1,66413.9%
10–19 units5534.6%
20–49 units2261.9%
50+ units1881.6%
Mobile410.3%

2–4 unit share 12.1% · 5–49 unit share 20.5% · combined 2–49 32.5%.

Units by bedrooms

Studio
264
1BR
1,995
2BR
3,919
3BR
3,703
4BR
1,700
5+
355

Rent burden

Rent ≥30% of income38.0%
Rent ≥50% of income20.9%
  • ACS median gross rent $812 (all bedrooms, occupied rentals).
  • Median contract rent $692.
  • Renters paying ≥30% of income 38.0%; ≥50% 20.9%.
  • FY2027 2BR SAFMR $1,030 (1.268× ACS median gross rent).

Population

25,571 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -3.0%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 32 units.
  • HUD project-based assisted MF: 1 properties, 10 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,364 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 68502 47.1% of occupied households are renters; vacancy is 6.5%; ACS median gross rent is $812; population changed -3.0% between the 2018 and 2023 ACS vintages; the housing stock includes 1,441 units in 2–4-unit structures and 2,443 units in 5–49-unit structures; 1 LIHTC projects totaling 32 units; FY2027 2BR SAFMR is $1,030 versus ACS median gross rent of $812. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Nebraska research

ZIP 68502 is a Census / HUD profile for Lincoln, NE. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 68502 — Lincoln, NE HUD Section 8 Payment Standards / SAFMR·Nebraska ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
68336Lincoln, NE HUD Metro FMR Area18.7%—$1,14068372Lincoln, NE HUD Metro FMR Area7.8%$1,309$1,61068402Lincoln, NE HUD Metro FMR Area15.2%$927$1,07068419Lincoln, NE HUD Metro FMR Area11.5%$1,250$1,33068430Lincoln, NE HUD Metro FMR Area4.2%$861$1,04068438Lincoln, NE HUD Metro FMR Area15.8%$1,563$1,82068501Lincoln, NE HUD Metro FMR Area——$1,23068503Lincoln, NE HUD Metro FMR Area61.8%$974$1,14068504Lincoln, NE HUD Metro FMR Area71.2%$1,014$1,17068505Lincoln, NE HUD Metro FMR Area43.6%$1,095$1,30068506Lincoln, NE HUD Metro FMR Area36.2%$1,147$1,33068507Lincoln, NE HUD Metro FMR Area32.8%$884$1,060

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Nebraska research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 68502?

ZIP 68502 (Lincoln, NE HUD Metro FMR Area) has 25,571 residents, 11,155 households, a renter share of 47.1%, median household income of $65,825, and ACS 2023 median gross rent of $812. Vacancy is 6.5%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 68502?

ACS counts 682 units in 2-unit buildings, 759 in 3–4 unit buildings, 1,664 in 5–9, 553 in 10–19, and 226 in 20–49. Combined 2–49 unit stock is 3,884 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 68502?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,030. See the full schedule and 90–110% payment-standard band on the ZIP 68502 — Lincoln, NE HUD Section 8 Payment Standards / SAFMR.

Does this Nebraska ZIP profile include Georgia listings?

No. ZIP 68502 is Census / HUD research for Lincoln, NE HUD Metro FMR Area. Jeff Crowe CRE does not list Nebraska property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.