ZIP 51563 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 51563 in the Omaha-Council Bluffs, NE-IA FMR area.

Omaha-Council Bluffs, NE-IA

$1,010Efficiency
$1,0501 bedroom
$1,2502 bedrooms
$1,6603 bedrooms
$1,8804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,010$909$1,111$1,167
1 bedroom$1,050$945$1,155$1,219
2 bedrooms$1,250$1,125$1,375$1,450
3 bedrooms$1,660$1,494$1,826$1,924
4 bedrooms$1,880$1,692$2,068$2,179

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

Shelby County, IA

$1,010Efficiency
$1,0501 bedroom
$1,2502 bedrooms
$1,6603 bedrooms
$1,8804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,010$909$1,111$688
1 bedroom$1,050$945$1,155$838
2 bedrooms$1,250$1,125$1,375$927
3 bedrooms$1,660$1,494$1,826$1,214
4 bedrooms$1,880$1,692$2,068$1,218

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

Income in ZIP 51563

$85,507average adjusted gross income per tax return (2022)
$50,780average salaries and wages per return
300tax returns filed
18%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00020.0%
$25,000 to $50,00020.0%
$50,000 to $75,00020.0%
$75,000 to $100,00013.3%
$100,000 to $200,00026.7%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 51563?

HUD's FY2027 Small Area FMRs for ZIP 51563 (Omaha-Council Bluffs, NE-IA) are $1,010 efficiency, $1,050 one bedroom, $1,250 two bedrooms, $1,660 three and $1,880 four bedrooms.

What payment standard can a housing authority set in ZIP 51563?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,125 to $1,375.

How affordable is rent in ZIP 51563?

Tax returns filed from ZIP 51563 reported an average adjusted gross income of $85,507 (2022). A two-bedroom unit at the Small Area FMR costs $15,000 a year, or 18% of that income.