Location: Omaha-Council Bluffs, NE | Metro: Omaha-Council Bluffs, NE-IA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
U.S. Census Bureau data (2024)
The market in ZIP 68182 presents a unique set of conditions that frame it as an area in motion. With a Fair Market Rent (FMR) of $1180 for the fiscal year 2024, the rental sector appears to be stable, though specific market rent data is currently unavailable, suggesting a lack of recent comprehensive surveys.
The absence of data on the percentage of price cuts and days on market (DOM) indicates that the rental market might be less active or competitive compared to other areas. This could mean that landlords have relatively fewer challenges in finding tenants willing to pay close to the listed rents without significant concessions. However, it also implies that there is limited information on how quickly properties are being rented out, which is crucial for understanding the current demand.
ZIP 68182's median home value is not available, making it difficult to draw direct comparisons between homeownership and rental markets. Nevertheless, the absence of this data does not necessarily indicate a weak homeownership market; it simply means that we cannot assess the relative strength or weakness against the rental market with the current information.
The unknown percentage of renters in the area suggests that the long-term housing pressure could vary. In regions where the renter share is high, there is often greater pressure on rental housing due to a higher number of individuals and families seeking rental properties. Conversely, a lower renter share might imply that homeownership is more prevalent, which can reduce the immediate pressure on rental housing but does not eliminate the need for rental units altogether.
In ZIP 68182, the dynamics of the market suggest a steady state, neither clearly indicating a surplus of supply nor a significant shortage of rental units. The lack of detailed market rent and DOM data points to a potentially quieter market, where landlords may find themselves in a comfortable position relative to their tenants. However, the reliance on FMR data alone means that there is room for further analysis to understand the true trajectory of the market.
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.