ZIP 68307 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 68307 in the Omaha-Council Bluffs, NE-IA FMR area.

Omaha-Council Bluffs, NE-IA

$900Efficiency
$9401 bedroom
$1,1202 bedrooms
$1,4803 bedrooms
$1,6704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$900$810$990$1,167
1 bedroom$940$846$1,034$1,219
2 bedrooms$1,120$1,008$1,232$1,450
3 bedrooms$1,480$1,332$1,628$1,924
4 bedrooms$1,670$1,503$1,837$2,179

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

Otoe County, NE

$900Efficiency
$9401 bedroom
$1,1202 bedrooms
$1,4803 bedrooms
$1,6704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$900$810$990$805
1 bedroom$940$846$1,034$850
2 bedrooms$1,120$1,008$1,232$1,112
3 bedrooms$1,480$1,332$1,628$1,464
4 bedrooms$1,670$1,503$1,837$1,513

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

Income in ZIP 68307

$82,564average adjusted gross income per tax return (2022)
$53,100average salaries and wages per return
220tax returns filed
16%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00022.7%
$25,000 to $50,00018.2%
$50,000 to $75,00018.2%
$75,000 to $100,00018.2%
$100,000 to $200,00022.7%
$200,000 or more0.0%

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 68307?

HUD's FY2027 Small Area FMRs for ZIP 68307 (Omaha-Council Bluffs, NE-IA) are $900 efficiency, $940 one bedroom, $1,120 two bedrooms, $1,480 three and $1,670 four bedrooms.

What payment standard can a housing authority set in ZIP 68307?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,008 to $1,232.

How affordable is rent in ZIP 68307?

Tax returns filed from ZIP 68307 reported an average adjusted gross income of $82,564 (2022). A two-bedroom unit at the Small Area FMR costs $13,440 a year, or 16% of that income.