ZIP 51533 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 51533 in the Omaha-Council Bluffs, NE-IA FMR area.

Omaha-Council Bluffs, NE-IA

$1,040Efficiency
$1,1201 bedroom
$1,3102 bedrooms
$1,7503 bedrooms
$1,9704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,040$936$1,144$1,167
1 bedroom$1,120$1,008$1,232$1,219
2 bedrooms$1,310$1,179$1,441$1,450
3 bedrooms$1,750$1,575$1,925$1,924
4 bedrooms$1,970$1,773$2,167$2,179

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Montgomery County, IA

$1,040Efficiency
$1,1201 bedroom
$1,3102 bedrooms
$1,7503 bedrooms
$1,9704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,040$936$1,144$688
1 bedroom$1,120$1,008$1,232$852
2 bedrooms$1,310$1,179$1,441$927
3 bedrooms$1,750$1,575$1,925$1,267
4 bedrooms$1,970$1,773$2,167$1,378

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 51533

$77,957average adjusted gross income per tax return (2022)
$45,508average salaries and wages per return
370tax returns filed
20%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00024.3%
$25,000 to $50,00021.6%
$50,000 to $75,00016.2%
$75,000 to $100,00013.5%
$100,000 to $200,00018.9%
$200,000 or more5.4%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 13.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 51533?

HUD's FY2027 Small Area FMRs for ZIP 51533 (Omaha-Council Bluffs, NE-IA) are $1,040 efficiency, $1,120 one bedroom, $1,310 two bedrooms, $1,750 three and $1,970 four bedrooms.

What payment standard can a housing authority set in ZIP 51533?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,179 to $1,441.

How affordable is rent in ZIP 51533?

Tax returns filed from ZIP 51533 reported an average adjusted gross income of $77,957 (2022). A two-bedroom unit at the Small Area FMR costs $15,720 a year, or 20% of that income.