ZIP 51541 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 51541 in the Omaha-Council Bluffs, NE-IA FMR area.

Omaha-Council Bluffs, NE-IA

$890Efficiency
$9601 bedroom
$1,1202 bedrooms
$1,5103 bedrooms
$1,7004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$890$801$979$1,167
1 bedroom$960$864$1,056$1,219
2 bedrooms$1,120$1,008$1,232$1,450
3 bedrooms$1,510$1,359$1,661$1,924
4 bedrooms$1,700$1,530$1,870$2,179

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

Montgomery County, IA

$890Efficiency
$9601 bedroom
$1,1202 bedrooms
$1,5103 bedrooms
$1,7004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$890$801$979$688
1 bedroom$960$864$1,056$852
2 bedrooms$1,120$1,008$1,232$927
3 bedrooms$1,510$1,359$1,661$1,267
4 bedrooms$1,700$1,530$1,870$1,378

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

Income in ZIP 51541

$95,731average adjusted gross income per tax return (2022)
$42,038average salaries and wages per return
160tax returns filed
14%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.0%
$25,000 to $50,00018.8%
$50,000 to $75,00031.2%
$75,000 to $100,0000.0%
$100,000 to $200,00025.0%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 0.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 51541?

HUD's FY2027 Small Area FMRs for ZIP 51541 (Omaha-Council Bluffs, NE-IA) are $890 efficiency, $960 one bedroom, $1,120 two bedrooms, $1,510 three and $1,700 four bedrooms.

What payment standard can a housing authority set in ZIP 51541?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,008 to $1,232.

How affordable is rent in ZIP 51541?

Tax returns filed from ZIP 51541 reported an average adjusted gross income of $95,731 (2022). A two-bedroom unit at the Small Area FMR costs $13,440 a year, or 14% of that income.