Osceola-Shelby Housing I — Income-Restricted Housing in Shelby, NE 68662
150 E Oak St, Shelby, NE 68662
12 units · 2–3 BR
How to apply
- No phone is listed. Try visiting the property or asking the city housing office how to apply.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 2000
- Bedrooms
- 8 2 bedrooms · 4 3 bedrooms
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Nearby income-restricted buildings
Shelby Village Apt
150 N Chestnut St, Shelby, NE 68662
0.1 mi away
8 units · 1–2 BR
- 5 vacant units reported (Oct 2026) — call to confirm
Midtown Apt
401 Hoosier St, Osceola, NE 68651
6.4 mi away
8 units · 1–2 BR
- 3 vacant units reported (Oct 2026) — call to confirm
Pleasant View Retirement Village
601 N Nance St, Osceola, NE 68651
6.5 mi away
12 units · 1 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
Shady Elm Apts
950 Main St, Rising City, NE 68658
7.7 mi away
4 units · 1–2 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
Golden Age Manor
120 Maud St Apt 111, Gresham, NE 68367
11.6 mi away
12 units · 1–2 BR
- Apply through Gresham Housing Authority
- Residents waited about 2 months to move in (HUD, Oct 2026)
Rents and income limits in 68662
- Fair market rent, 2 bedrooms
- $1,050/mo
- Income needed to pay it at 30% of income
- $42,000/yr
- Renters in 68662 paying 30% or more of income on rent
- 0%
Income limits (2026)
Polk County, NE area · median family income $97,300. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $20,450 | $34,100 | $54,500 |
| 2 | $23,400 | $38,950 | $62,300 |
| 3 | $27,320 | $43,800 | $70,100 |
| 4 | $33,000 | $48,650 | $77,850 |
| 5 | $38,680 | $52,550 | $84,100 |
| 6 | $44,360 | $56,450 | $90,350 |
| 7 | $50,040 | $60,350 | $96,550 |
| 8 | $55,720 | $64,250 | $102,800 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 68662 | Wider area |
|---|---|---|
| Studio | $760 | $734 |
| 1 bedroom | $810 | $775 |
| 2 bedrooms | $1,050 | $1,014 |
| 3 bedrooms | $1,320 | $1,208 |
| 4 bedrooms | $1,560 | $1,695 |
Wider area = Polk County, NE. Two-bedroom fair market rents in 4 nearby ZIPs range from $1,010 (68651) to $1,070 (68658).
Census figures for 68662 (2020–2024 average): median rent $855. Median household income $89,706. 17% of homes are rented. 0% of renters pay 30% or more of their income on rent, and 0% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 68662's fair market rent.
Estimate your Section 8 rent share for 68662Frequently Asked Questions
How do I apply to Osceola-Shelby Housing I?
No phone is listed for Osceola-Shelby Housing I. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.
Is Osceola-Shelby Housing I Section 8 housing?
Osceola-Shelby Housing I is listed as income-restricted housing in Shelby, NE 68662 (lihtc). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.
How many units are at Osceola-Shelby Housing I?
Public records list 12 units at Osceola-Shelby Housing I in Shelby, NE 68662. That is a building size, not a count of open apartments.
Are there other affordable apartments near Osceola-Shelby Housing I?
Yes — this page lists other income-restricted buildings in 68662 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into Osceola-Shelby Housing I?
Call the number on this page and ask about the waiting list or how to apply at Osceola-Shelby Housing I in Shelby, NE 68662. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Shelby, NE 68662?
Most income-restricted buildings in Shelby, NE 68662 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $34,100, and $48,650 for a 4-person household. Public housing can go up to 80% ($54,500 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Shelby, NE 68662?
For many programs in Shelby, NE 68662, the 2026 HUD very low-income (50%) limit is $34,100 a year for 1 person and $48,650 for 4 people. The low-income (80%) limit is $54,500 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Shelby, NE 68662?
In public housing and most Section 8 in Shelby, NE 68662, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Shelby, NE 68662 is $1,050 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does Osceola-Shelby Housing I take Section 8 vouchers?
This file does not say that Osceola-Shelby Housing I has a project-based Section 8 contract. Some landlords in Shelby, NE 68662 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Osceola-Shelby Housing I.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction. To add a different building, use the suggestion rubric.