Location: Omaha-Council Bluffs, NE | Metro: Omaha-Council Bluffs, NE-IA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,550 | $386,897 | 0.4% | F |
U.S. Census Bureau data (2024)
To integrate ZIP 51576 into a Section 8 portfolio strategy, focus on it as a cash-flow anchor. This designation is based on the significant spread between the Fair Market Rent (FMR) set by HUD for fiscal year 2024, which is $980, and the current market rent of $1,172. This difference ensures that properties in this area can generate reliable rental income while still maintaining a buffer above the subsidized rates.
The median home value in ZIP 51576 stands at $379,425, indicating a stable housing market with relatively low volatility. For landlords and small-portfolio investors, anchoring a portion of their investments in this ZIP code provides a steady stream of predictable cash flow, essential for financial planning and stability.
While there isn't a specific percentage given for the price-cut share or days on market (DOM), these factors typically indicate the liquidity and demand for rental properties. In ZIP 51576, the absence of such figures suggests a market that is neither highly speculative nor in urgent need of price adjustments to attract tenants, further supporting its role as a cash-flow anchor.
The renter share of 10.8% and median income of $110,476 provide additional context. Although the renter share is modest, the median income suggests that residents have the financial capacity to afford higher rents, making it less likely for landlords to face difficulties collecting rent. However, the primary appeal of ZIP 51576 remains its potential as a cash-flow anchor due to the clear discrepancy between the HUD FMR and market rents.
In conclusion, ZIP 51576 serves best as a cash-flow anchor within a Section 8 portfolio strategy. Its established market rents above the HUD FMR ensure consistent income, while its median home value and resident income levels contribute to overall stability and predictability, key attributes for a solid investment foundation.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.