ZIP 51565 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 51565 in the Omaha-Council Bluffs, NE-IA FMR area.

Omaha-Council Bluffs, NE-IA

$770Efficiency

$9001 bedroom

$1,0102 bedrooms

$1,3403 bedrooms

$1,3904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$770	$693	$847	$1,167
1 bedroom	$900	$810	$990	$1,219
2 bedrooms	$1,010	$909	$1,111	$1,450
3 bedrooms	$1,340	$1,206	$1,474	$1,924
4 bedrooms	$1,390	$1,251	$1,529	$2,179

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

Shelby County, IA

$770Efficiency

$9001 bedroom

$1,0102 bedrooms

$1,3403 bedrooms

$1,3904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$770	$693	$847	$688
1 bedroom	$900	$810	$990	$838
2 bedrooms	$1,010	$909	$1,111	$927
3 bedrooms	$1,340	$1,206	$1,474	$1,214
4 bedrooms	$1,390	$1,251	$1,529	$1,218

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

Income in ZIP 51565

$95,650average adjusted gross income per tax return (2022)

$46,200average salaries and wages per return

220tax returns filed

13%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	22.7%
$25,000 to $50,000	18.2%
$50,000 to $75,000	13.6%
$75,000 to $100,000	13.6%
$100,000 to $200,000	22.7%
$200,000 or more	9.1%

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 51565?

HUD's FY2027 Small Area FMRs for ZIP 51565 (Omaha-Council Bluffs, NE-IA) are $770 efficiency, $900 one bedroom, $1,010 two bedrooms, $1,340 three and $1,390 four bedrooms.

What payment standard can a housing authority set in ZIP 51565?

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 51565?

Tax returns filed from ZIP 51565 reported an average adjusted gross income of $95,650 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 13% of that income.