Douglas County/Elkhorn/68022

68022

ZIPSAFMR

Douglas County, NE

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ZIP Investment Score

74Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,390	$1,330	9.8%
1 BR	$1,450	$1,480	8.3%
2 BR	$1,730	$1,860	8.1%
3 BR	$2,300	$2,130	7.9%
4 BR	$2,600	$2,570	8.6%
5 BR	$2,990	Not available	8.6%
6 BR	$3,438	Not available	8.6%
7 BR	$3,954	Not available	8.6%
8 BR	$4,547	Not available	8.6%

Purchase Price Calculator

Maximum purchase price

$214,479

Cost breakdown

+Likely effective rent$1,860

HUD FMR$1,730

Market rent$1,930

Est. payment standard (108%)Used$1,860

-Principal and interest-$1,085

Loan amount$171,583

Down payment$42,896

Rate6.50%

Term30 years

-Operating costs-$575

Property taxes-$214

Insurance-$175

Utilities$0

HOA$0

Management-$186

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$29,839(69.6% ROI)

Projected value

$230,970

Return breakdown

Property appreciation+$16,491

Loan principal paid down+$6,147

Rental cash flow+$7,200

5-year hold

+$51,147(119.2% ROI)

Projected value

$242,663

Return breakdown

Property appreciation+$28,184

Loan principal paid down+$10,962

Rental cash flow+$12,000

10-year hold

+$110,194(256.9% ROI)

Projected value

$274,551

Return breakdown

Property appreciation+$60,072

Loan principal paid down+$26,122

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.05ratio

FMR$1,390

Market$1,330

vs market+$60

FMR is near market; voucher and private rents are aligned.

1.05

1 BR

0.97ratio

FMR$1,450

Market$1,490

vs market-$40

FMR is near market; voucher and private rents are aligned.

0.97

2 BR

0.90ratio

FMR$1,730

Market$1,930

vs market-$200

FMR is below market; voucher rent may lag private rents.

0.90

3 BR

1.08ratio

FMR$2,300

Market$2,130

vs market+$170

FMR is near market; voucher and private rents are aligned.

1.08

4 BR

1.01ratio

FMR$2,600

Market$2,570

vs market+$30

FMR is near market; voucher and private rents are aligned.

1.01

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 68022 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 68022 (Elkhorn, NE) is $1,730 a month. That is up 8.1% from $1,600 in FY 2026. Elkhorn is in the Omaha-Council Bluffs, NE-IA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 49 ZIP codes in Douglas County, 68022 is tied for the 11th-highest two-bedroom rent (county range $1,180–$2,180). The median county two-bedroom FMR in Nebraska is $1,014, so ZIP 68022 is 71% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 68022
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,270	$1,390	+9.4%	$1,251–$1,529
1BR	$1,340	$1,450	+8.2%	$1,305–$1,595
2BR	$1,600	$1,730	+8.1%	$1,557–$1,903
3BR	$2,120	$2,300	+8.5%	$2,070–$2,530
4BR	$2,390	$2,600	+8.8%	$2,340–$2,860

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 68022
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,390	$1,450	$1,730	$2,300	$2,600
FY 2026	$1,270	$1,340	$1,600	$2,120	$2,390
FY 2025	$1,150	$1,230	$1,470	$1,950	$2,170
FY 2024	$1,050	$1,140	$1,370	$1,830	$2,030
FY 2023	$950	$1,060	$1,290	$1,730	$1,920

Two-bedroom rent in nearby Douglas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 68022
68007	$1,780	+2.9%
68010	$1,460	−15.6%
68022Current	$1,730	—
68028	$1,830	+5.8%
68064	$1,240	−28.3%
68069	$1,540	−11.0%
68102	$1,790	+3.5%
68103	$1,460	−15.6%
68104	$1,360	−21.4%
68105	$1,340	−22.5%
68106	$1,590	−8.1%
68107	$1,350	−22.0%

Questions about ZIP 68022 rents

How much will Section 8 pay for a two-bedroom in ZIP 68022?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,730, that basic range is $1,557 to $1,903 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 68022 in?

ZIP 68022 is in the Omaha-Council Bluffs, NE-IA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 68022 for FY 2027?

The two-bedroom FMR rose 8.1%, from $1,600 in FY 2026 to $1,730 in FY 2027. Since FY 2023 it has risen 34.1%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rent Elkhorn, NE fair market rent NE statewide rents What is SAFMR?Data sources