ZIP 51545 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 51545 in the Omaha-Council Bluffs, NE-IA FMR area.

Omaha-Council Bluffs, NE-IA

$820Efficiency

$8701 bedroom

$1,0502 bedrooms

$1,3903 bedrooms

$1,5604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$820	$738	$902	$1,167
1 bedroom	$870	$783	$957	$1,219
2 bedrooms	$1,050	$945	$1,155	$1,450
3 bedrooms	$1,390	$1,251	$1,529	$1,924
4 bedrooms	$1,560	$1,404	$1,716	$2,179

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

Monona County, IA

$820Efficiency

$8701 bedroom

$1,0502 bedrooms

$1,3903 bedrooms

$1,5604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$820	$738	$902	$688
1 bedroom	$870	$783	$957	$709
2 bedrooms	$1,050	$945	$1,155	$927
3 bedrooms	$1,390	$1,251	$1,529	$1,162
4 bedrooms	$1,560	$1,404	$1,716	$1,549

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

Income in ZIP 51545

$67,982average adjusted gross income per tax return (2022)

$39,645average salaries and wages per return

110tax returns filed

19%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	27.3%
$25,000 to $50,000	27.3%
$50,000 to $75,000	27.3%
$75,000 to $100,000	0.0%
$100,000 to $200,000	18.2%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 18.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 51545?

HUD's FY2027 Small Area FMRs for ZIP 51545 (Omaha-Council Bluffs, NE-IA) are $820 efficiency, $870 one bedroom, $1,050 two bedrooms, $1,390 three and $1,560 four bedrooms.

What payment standard can a housing authority set in ZIP 51545?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $945 to $1,155.

How affordable is rent in ZIP 51545?

Tax returns filed from ZIP 51545 reported an average adjusted gross income of $67,982 (2022). A two-bedroom unit at the Small Area FMR costs $12,600 a year, or 19% of that income.