Location: Omaha-Council Bluffs, NE | Metro: Omaha-Council Bluffs, NE-IA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,180 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,940 |
| 4 Bedrooms | $2,190 |
| 5 Bedrooms | $2,540 |
| 6 Bedrooms | $2,845 |
| 7 Bedrooms | $3,073 |
| 8 Bedrooms | $3,227 |
The ZIP code 68145, located in the Omaha-Council Bluffs metropolitan area, stands out due to limited data availability regarding its resident population, rental percentage, median income, and median home value. Despite these gaps, the voucher economics provide insight into the rental market dynamics.
In ZIP 68145, the Fair Market Rent (FMR) for FY 2024 is set at $1180. This figure represents the maximum amount that a Section 8 tenant can pay towards their rent. However, without specific market rent data for the area, it's challenging to make a direct comparison between the FMR and local rental rates. Landlords should be aware that the FMR is a guideline designed to ensure affordable housing options, and actual market rents may vary.
The data signature for ZIP 68145 is currently marked as transitional. This classification indicates that there might be ongoing changes in the demographic and economic landscape of the area, which could affect the rental market. For instance, shifts in population size or income levels could alter the demand for subsidized housing and impact the number of tenants using Section 8 vouchers.
Given the transitional nature of the ZIP code, landlords and small-portfolio investors should closely monitor local trends and adjust their strategies accordingly. While the FMR provides a stable anchor for rental pricing, understanding the broader context of the ZIP code can help in making informed decisions about property management and investment.
Data Sources: FMR data from HUD (2027).
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.