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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,240 | $157,300 | 0.79% | D |
| 2BR | $1,470 | $160,236 | 0.92% | C |
| 3BR | $1,950 | $191,429 | 1.02% | B |
| 4BR | $2,210 | $217,960 | 1.01% | B |
U.S. Census Bureau data (2024)
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). Median home prices from Zillow (2026-08-31). 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.