Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,028$12,336 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Otoe County, NE
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Otoe County, NE
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $713 | $8,556 | $28,520 | $13.71/hr |
| 1-Bedroom Apartment | $783 | $9,396 | $31,320 | $15.06/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,028 | $12,336 | $41,120 | $19.77/hr |
| 3-Bedroom Home | $1,371 | $16,452 | $54,840 | $26.37/hr |
| 4-Bedroom Home | $1,432 | $17,184 | $57,280 | $27.54/hr |
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Frequently Asked Questions About Rent in Otoe County, NE
What is the Fair Market Rent for a 2-bedroom in Otoe County, NE?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Otoe County, NE is $1,028 per month ($12,336 per year).
What hourly wage is needed to afford rent in Otoe County, NE?
To comfortably afford a 2-bedroom apartment at $1,028/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.77 per hour ($41,120/year).
What are the HUD Fair Market Rents by bedroom count in Otoe County, NE?
Official 2026 HUD rents in Otoe County, NE are: Studio: $713/mo, 1-Bedroom: $783/mo, 2-Bedroom: $1,028/mo, 3-Bedroom: $1,371/mo, and 4-Bedroom: $1,432/mo.
How do HUD Fair Market Rents compare to local incomes in Otoe County, NE?
At the local Census ACS median household income of $82,188/year ($6,849/month), the benchmark 2-bedroom Fair Market Rent represents 15% of monthly income.
How is the 30% housing affordability standard calculated in Otoe County, NE?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,028/month, the required minimum annual gross income is calculated as ($1,028 × 12) ÷ 0.30 = $41,120 per year.