Location: Omaha-Council Bluffs, NE | Metro: Omaha-Council Bluffs, NE-IA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,030 |
| 5 Bedrooms | $2,355 |
| 6 Bedrooms | $2,638 |
| 7 Bedrooms | $2,849 |
| 8 Bedrooms | $2,991 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 68107, Omaha, NE, presents a nuanced picture for both landlords and small-portfolio investors. The median home value stands at $184,014, indicating a relatively stable housing market. This stability is further reinforced by the fact that only 0.3% of listings have reduced their prices, a figure that suggests sellers maintain significant pricing power. However, the median days on market (DOM) being listed as N/A points to a potential anomaly or limited data, which could imply either an exceptionally quick sale environment or a less active market.
On the rental side, the Federal Market Rent (FMR) for ZIP 68107 in fiscal year 2024 is projected at $1,090, while the current market rent, measured by Zillow's Observed Rent Index (ZORI), is $1,030. This gap signals a positive trend for landlords, as it suggests that rents will likely rise to meet the FMR benchmark, enhancing the cash flow potential of rental properties in the area.
For long-term investors, the data points towards a modest appreciation thesis. With the median home value holding steady and a slight upward pressure on rents, there is an implicit expectation that property values will continue to grow, albeit slowly. This growth is unlikely to be explosive, but rather a gradual increase that aligns with broader economic trends and the local market conditions.
The combination of strong seller pricing power and rising rents sets up a favorable scenario for those looking to hold onto properties for extended periods. Investors should anticipate a market where they can maintain or slightly increase their asking prices on homes and rents, without the risk of significant declines. However, the lack of detailed DOM data should be a consideration, as it might indicate a need for further investigation into the local market's activity levels.
To summarize, ZIP 68107 offers a balanced market with signs of resilience in both home values and rental income. Long-term investors can expect moderate appreciation and improved rental yields, aligning with a cautious yet optimistic outlook for the next 12-24 months.
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.