ZIP 68110 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 68110 in the Omaha-Council Bluffs, NE-IA FMR area.

$960Efficiency
$1,0001 bedroom
$1,1902 bedrooms
$1,5803 bedrooms
$1,7904 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$960$864$1,056$1,167
1 bedroom$1,000$900$1,100$1,219
2 bedrooms$1,190$1,071$1,309$1,450
3 bedrooms$1,580$1,422$1,738$1,924
4 bedrooms$1,790$1,611$1,969$2,179

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

Income in ZIP 68110

$35,319average adjusted gross income per tax return (2022)
$30,621average salaries and wages per return
3,350tax returns filed
40%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00043.9%
$25,000 to $50,00034.6%
$50,000 to $75,00013.1%
$75,000 to $100,0004.8%
$100,000 to $200,0003.6%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 37.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 68110?

HUD's FY2027 Small Area FMRs for ZIP 68110 (Omaha-Council Bluffs, NE-IA) are $960 efficiency, $1,000 one bedroom, $1,190 two bedrooms, $1,580 three and $1,790 four bedrooms.

What payment standard can a housing authority set in ZIP 68110?

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 68110?

Tax returns filed from ZIP 68110 reported an average adjusted gross income of $35,319 (2022). A two-bedroom unit at the Small Area FMR costs $14,280 a year, or 40% of that income.