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Cass County/Louisville/68037

68037

ZIPSAFMR
Cass County, NE
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$1,090$1,090
1 BR$1,140$1,140
2 BR$1,360$1,360
3 BR$1,800$1,800
4 BR$2,040$2,040
5 BR$2,346Not available
6 BR$2,698Not available
7 BR$3,103Not available
8 BR$3,568Not available

Purchase Price Calculator

Maximum purchase price
$140,179

Cost breakdown

+Likely effective rent$1,360
HUD FMRUsed$1,360
Market rentN/A
Est. payment standardN/A
-Principal and interest-$709
Loan amount$112,143
Down payment$28,036
Rate6.50%
Term30 years
-Operating costs-$451
Property taxes-$140
Insurance-$175
Utilities$0
HOA$0
Management-$136
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,996(78.5% ROI)
Projected value
$150,957
Return breakdown
Property appreciation+$10,778
Loan principal paid down+$4,018
Rental cash flow+$7,200
5-year hold
+$37,586(134.1% ROI)
Projected value
$158,600
Return breakdown
Property appreciation+$18,421
Loan principal paid down+$7,165
Rental cash flow+$12,000
10-year hold
+$80,334(286.5% ROI)
Projected value
$179,441
Return breakdown
Property appreciation+$39,262
Loan principal paid down+$17,073
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 68037 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 68037 (Louisville, NE) is $1,360 a month. That is up 9.7% from $1,240 in FY 2026. Louisville 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 20 ZIP codes in Cass County, 68037 has the 7th-highest two-bedroom rent (county range $1,010–$2,000). The median county two-bedroom FMR in Nebraska is $1,014, so ZIP 68037 is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 68037
BedroomsFY 2027Change90–110% range
Studio$1,090+10.1%$981–$1,199
1BR$1,140+9.6%$1,026–$1,254
2BR$1,360+9.7%$1,224–$1,496
3BR$1,800+9.8%$1,620–$1,980
4BR$2,040+10.3%$1,836–$2,244

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 68037
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,090$1,140$1,360$1,800$2,040
FY 2026$990$1,040$1,240$1,640$1,850
FY 2025$850$900$1,080$1,430$1,600
FY 2024$770$840$1,010$1,350$1,500
FY 2023$700$770$940$1,260$1,400

Two-bedroom rent in nearby Cass County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 68037
68003$1,120−17.6%
68016$1,410+3.7%
68037Current$1,360—
68048$1,220−10.3%
68058$1,180−13.2%
68304$1,190−12.5%
68307$1,120−17.6%
68347$1,060−22.1%
68349$1,010−25.7%
68366$1,400+2.9%
68403$1,190−12.5%
68407$1,190−12.5%

Questions about ZIP 68037 rents

How much will Section 8 pay for a two-bedroom in ZIP 68037?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,360, that basic range is $1,224 to $1,496 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 68037 in?

ZIP 68037 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 68037 for FY 2027?

The two-bedroom FMR rose 9.7%, from $1,240 in FY 2026 to $1,360 in FY 2027. Since FY 2023 it has risen 44.7%.

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 rentLouisville, NE fair market rentNE statewide rentsWhat is SAFMR?Data sources