ZIP 68064 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 68064 in the Omaha-Council Bluffs, NE-IA FMR area.

Omaha-Council Bluffs, NE-IA

$1,000Efficiency

$1,0401 bedroom

$1,2402 bedrooms

$1,6403 bedrooms

$1,8704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,000	$900	$1,100	$1,167
1 bedroom	$1,040	$936	$1,144	$1,219
2 bedrooms	$1,240	$1,116	$1,364	$1,450
3 bedrooms	$1,640	$1,476	$1,804	$1,924
4 bedrooms	$1,870	$1,683	$2,057	$2,179

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

Saunders County, NE

$1,000Efficiency

$1,0401 bedroom

$1,2402 bedrooms

$1,6403 bedrooms

$1,8704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,000	$900	$1,100	$931
1 bedroom	$1,040	$936	$1,144	$1,014
2 bedrooms	$1,240	$1,116	$1,364	$1,153
3 bedrooms	$1,640	$1,476	$1,804	$1,546
4 bedrooms	$1,870	$1,683	$2,057	$1,863

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

Dodge County, NE

$1,000Efficiency

$1,0401 bedroom

$1,2402 bedrooms

$1,6403 bedrooms

$1,8704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,000	$900	$1,100	$874
1 bedroom	$1,040	$936	$1,144	$923
2 bedrooms	$1,240	$1,116	$1,364	$1,207
3 bedrooms	$1,640	$1,476	$1,804	$1,438
4 bedrooms	$1,870	$1,683	$2,057	$1,617

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

Income in ZIP 68064

$174,371average adjusted gross income per tax return (2022)

$86,925average salaries and wages per return

2,190tax returns filed

9%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	23.3%
$25,000 to $50,000	17.8%
$50,000 to $75,000	13.7%
$75,000 to $100,000	7.8%
$100,000 to $200,000	18.7%
$200,000 or more	18.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 8.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 68064?

HUD's FY2027 Small Area FMRs for ZIP 68064 (Omaha-Council Bluffs, NE-IA) are $1,000 efficiency, $1,040 one bedroom, $1,240 two bedrooms, $1,640 three and $1,870 four bedrooms.

What payment standard can a housing authority set in ZIP 68064?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,116 to $1,364.

How affordable is rent in ZIP 68064?

Tax returns filed from ZIP 68064 reported an average adjusted gross income of $174,371 (2022). A two-bedroom unit at the Small Area FMR costs $14,880 a year, or 9% of that income.