ZIP 51552 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 51552 in the Omaha-Council Bluffs, NE-IA FMR area.

Omaha-Council Bluffs, NE-IA

$750Efficiency

$8201 bedroom

$1,0102 bedrooms

$1,4003 bedrooms

$1,6104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$750	$675	$825	$1,167
1 bedroom	$820	$738	$902	$1,219
2 bedrooms	$1,010	$909	$1,111	$1,450
3 bedrooms	$1,400	$1,260	$1,540	$1,924
4 bedrooms	$1,610	$1,449	$1,771	$2,179

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

Cass County, IA

$750Efficiency

$8201 bedroom

$1,0102 bedrooms

$1,4003 bedrooms

$1,6104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$750	$675	$825	$688
1 bedroom	$820	$738	$902	$727
2 bedrooms	$1,010	$909	$1,111	$927
3 bedrooms	$1,400	$1,260	$1,540	$1,284
4 bedrooms	$1,610	$1,449	$1,771	$1,533

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

Shelby County, IA

$750Efficiency

$8201 bedroom

$1,0102 bedrooms

$1,4003 bedrooms

$1,6104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$750	$675	$825	$688
1 bedroom	$820	$738	$902	$838
2 bedrooms	$1,010	$909	$1,111	$927
3 bedrooms	$1,400	$1,260	$1,540	$1,214
4 bedrooms	$1,610	$1,449	$1,771	$1,218

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

Income in ZIP 51552

$77,725average adjusted gross income per tax return (2022)

$40,458average salaries and wages per return

120tax returns filed

16%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	25.0%
$25,000 to $50,000	25.0%
$50,000 to $75,000	25.0%
$75,000 to $100,000	0.0%
$100,000 to $200,000	25.0%
$200,000 or more	0.0%

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 51552?

HUD's FY2027 Small Area FMRs for ZIP 51552 (Omaha-Council Bluffs, NE-IA) are $750 efficiency, $820 one bedroom, $1,010 two bedrooms, $1,400 three and $1,610 four bedrooms.

What payment standard can a housing authority set in ZIP 51552?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $909 to $1,111.

How affordable is rent in ZIP 51552?

Tax returns filed from ZIP 51552 reported an average adjusted gross income of $77,725 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 16% of that income.