ZIP 51551 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 51551 in the Omaha-Council Bluffs, NE-IA FMR area.

Omaha-Council Bluffs, NE-IA

$890Efficiency
$9301 bedroom
$1,1102 bedrooms
$1,4703 bedrooms
$1,6704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$890$801$979$1,167
1 bedroom$930$837$1,023$1,219
2 bedrooms$1,110$999$1,221$1,450
3 bedrooms$1,470$1,323$1,617$1,924
4 bedrooms$1,670$1,503$1,837$2,179

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

Fremont County, IA

$890Efficiency
$9301 bedroom
$1,1102 bedrooms
$1,4703 bedrooms
$1,6704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$890$801$979$688
1 bedroom$930$837$1,023$709
2 bedrooms$1,110$999$1,221$927
3 bedrooms$1,470$1,323$1,617$1,284
4 bedrooms$1,670$1,503$1,837$1,320

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

Income in ZIP 51551

$82,188average adjusted gross income per tax return (2022)
$53,770average salaries and wages per return
860tax returns filed
16%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00019.8%
$25,000 to $50,00022.1%
$50,000 to $75,00017.4%
$75,000 to $100,00014.0%
$100,000 to $200,00019.8%
$200,000 or more7.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 51551?

HUD's FY2027 Small Area FMRs for ZIP 51551 (Omaha-Council Bluffs, NE-IA) are $890 efficiency, $930 one bedroom, $1,110 two bedrooms, $1,470 three and $1,670 four bedrooms.

What payment standard can a housing authority set in ZIP 51551?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $999 to $1,221.

How affordable is rent in ZIP 51551?

Tax returns filed from ZIP 51551 reported an average adjusted gross income of $82,188 (2022). A two-bedroom unit at the Small Area FMR costs $13,320 a year, or 16% of that income.