Section 8 Fair Market Rent (FMR) for ZIP 68112 - 2027

Location: Omaha-Council Bluffs, NE | Metro: Omaha-Council Bluffs, NE-IA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,180
1 Bedroom$1,240
2 Bedrooms$1,470
3 Bedrooms$1,950
4 Bedrooms$2,210
5 Bedrooms$2,564
6 Bedrooms$2,872
7 Bedrooms$3,102
8 Bedrooms$3,257

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
12,071
Median Household Income
$56,159
Housing Units
4,543
Renter Percentage
24.9%
Occupancy Rate
98.3%
Renter Occupied
1,113

Housing Authorities Serving ZIP 68112

Based on the provided data, ZIP code 68112 in Omaha, NE, can serve as an effective cash-flow anchor within a Section 8 portfolio strategy. The Family Monthly Rent (FMR) for FY 2024 is set at $1280, which is significantly lower than the market rent of $1,515. This $235 spread represents a substantial opportunity to generate positive cash flow from properties in this area.

The median home value in ZIP 68112 is $182,160, making it relatively affordable for investors to acquire properties. Given that the median income in the area is $56,159, there is a strong demand for affordable housing options, which aligns well with the availability of Section 8 vouchers.

With a renter share of 24.9%, it's clear that a significant portion of the population in this ZIP code relies on rental housing. This statistic supports the idea that the area is primed for a steady stream of tenants, particularly those eligible for Section 8 assistance.

Furthermore, the low price-cut share of 0.2% suggests that property values are stable and unlikely to decline significantly, providing a level of security for investors. The N/A-day DOM (Days on Market) indicates that homes in this ZIP code sell quickly once they're listed, which is advantageous for investors looking to turn over their portfolios efficiently.

In summary, ZIP 68112 is best suited as a cash-flow anchor in a Section 8 portfolio due to its favorable rent-to-market ratio and stable property values. The combination of these factors ensures a reliable source of income for landlords and small-portfolio investors, without the risks associated with highly volatile markets.

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.