ZIP 51653 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 51653 in the Omaha-Council Bluffs, NE-IA FMR area.

Omaha-Council Bluffs, NE-IA

$910Efficiency
$9401 bedroom
$1,1902 bedrooms
$1,6203 bedrooms
$1,7204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$910$819$1,001$1,167
1 bedroom$940$846$1,034$1,219
2 bedrooms$1,190$1,071$1,309$1,450
3 bedrooms$1,620$1,458$1,782$1,924
4 bedrooms$1,720$1,548$1,892$2,179

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

Fremont County, IA

$910Efficiency
$9401 bedroom
$1,1902 bedrooms
$1,6203 bedrooms
$1,7204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$910$819$1,001$688
1 bedroom$940$846$1,034$709
2 bedrooms$1,190$1,071$1,309$927
3 bedrooms$1,620$1,458$1,782$1,284
4 bedrooms$1,720$1,548$1,892$1,320

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

Income in ZIP 51653

$83,061average adjusted gross income per tax return (2022)
$55,393average salaries and wages per return
590tax returns filed
17%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00020.3%
$25,000 to $50,00018.6%
$50,000 to $75,00018.6%
$75,000 to $100,00015.3%
$100,000 to $200,00020.3%
$200,000 or more6.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 51653?

HUD's FY2027 Small Area FMRs for ZIP 51653 (Omaha-Council Bluffs, NE-IA) are $910 efficiency, $940 one bedroom, $1,190 two bedrooms, $1,620 three and $1,720 four bedrooms.

What payment standard can a housing authority set in ZIP 51653?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,071 to $1,309.

How affordable is rent in ZIP 51653?

Tax returns filed from ZIP 51653 reported an average adjusted gross income of $83,061 (2022). A two-bedroom unit at the Small Area FMR costs $14,280 a year, or 17% of that income.