Location: Omaha-Council Bluffs, NE | Metro: Omaha-Council Bluffs, NE-IA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,470 |
| 1 Bedroom | $1,530 |
| 2 Bedrooms | $1,820 |
| 3 Bedrooms | $2,410 |
| 4 Bedrooms | $2,730 |
| 5 Bedrooms | $3,167 |
| 6 Bedrooms | $3,547 |
| 7 Bedrooms | $3,831 |
| 8 Bedrooms | $4,023 |
U.S. Census Bureau data (2024)
The classification of ZIP code 68113 hinges on the balance between yield and stability, key factors for any landlord or small-portfolio investor. The Fair Market Rent (FMR) for ZIP 68113 stands at $1,530 for fiscal year 2024, while the market rent is listed at $1,616. This suggests a modest premium for market rents over FMR, indicating a potential for higher yields if landlords can secure tenants willing to pay above FMR rates.
Income stability in ZIP 68113 is represented by an average household income of $62,409. Given that the majority of residents—95.9%—are renters, this points towards a strong rental demand. However, the lack of data regarding the days on market (DOM) for rental properties makes it challenging to assess the speed at which properties can be leased, a critical factor for cash flow.
The absence of home value data further complicates the picture, but it does suggest that there is no established secondary market for flipping properties in this area. Therefore, the primary focus should be on the rental market itself, rather than speculative flipping.
Given these figures, ZIP 68113 leans towards being a steady-cashflow zone. The high percentage of renters ensures a consistent demand for rental units, which supports long-term investment strategies. The slight edge in market rent over FMR also indicates a potentially favorable yield, though it is not so pronounced as to classify the area as a high-yield market. The unknown factor of DOM could introduce some volatility, but the strong rental population base mitigates this risk to a degree.
In conclusion, ZIP 68113 is best suited for landlords and investors looking for reliable, stable cash flows rather than high-risk, high-reward opportunities. The data points towards a solid rental market with room for modest profit margins, making it a worthwhile consideration for those prioritizing consistency over speculative gains.
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.