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 68179 is located in Omaha, Nebraska, and falls under Douglas County. However, specific demographic data such as population, percentage of renters, median income, and median home value for this particular ZIP code are currently unavailable.
Moving onto the rent economics, the Fair Market Rent (FMR) for ZIP code 68179 in fiscal year 2024 is set at $1180. Without precise data on the market rent, it's challenging to make a direct comparison; however, the FMR serves as a benchmark for rental rates in the area.
Given the lack of detailed demographic information, it's difficult to conclusively determine whether ZIP code 68179 is better suited for a hands-off voucher operator or a hands-on value-add buyer. However, the presence of some businesses suggests there might be potential for active management and improvement. For landlords and small-portfolio investors, focusing on maintaining properties in line with the FMR can ensure steady cash flow, while active management could potentially unlock additional value if there are opportunities for improvements or upgrades.
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.