Location: Omaha-Council Bluffs, NE | Metro: Omaha-Council Bluffs, NE-IA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,170 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,190 |
| 5 Bedrooms | $2,540 |
| 6 Bedrooms | $2,845 |
| 7 Bedrooms | $3,073 |
| 8 Bedrooms | $3,227 |
U.S. Census Bureau data (2024)
The ZIP code 68010 presents a market in motion, characterized by a strong rental sector and a unique set of dynamics that impact both landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area stands at $1140 for fiscal year 2024, indicating a stable rental environment.
A key factor in understanding the market is the 100.0% renter share, which reveals that every household in ZIP 68010 is a renter. This high concentration of renters suggests a persistent long-term housing pressure, as there is no homeownership to balance the demand for rental properties. Such conditions often lead to a scenario where demand consistently outpaces supply, creating a robust market for landlords who can offer quality rental units at competitive rates.
Despite the lack of specific data on market rent, price-cut share, days on market (DOM), and median home value, the 100.0% renter share implies a market heavily reliant on rental properties. In such a setting, landlords must be vigilant about maintaining their properties to meet the needs of the local population and ensure they remain attractive to tenants.
The absence of homeownership in ZIP 68010 could also mean that any fluctuations in the rental market can have immediate and significant impacts on the community. Landlords and investors should focus on providing reliable and affordable housing options to capitalize on this demand-driven environment.
In conclusion, ZIP 68010 operates under the influence of a high-renter-share dynamic, which points towards a market where demand for rental properties likely exceeds supply. This makes it a compelling area for those interested in the rental market, especially within the context of Section 8 housing, given the established FMR of $1140.
Data Sources: FMR data from HUD (2027). 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.