68056

ZIPSAFMR

Sarpy County, NE

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,290	$1,280	9.6%
1 BR	$1,350	$1,270	8.4%
2 BR	$1,600	$1,640	7.7%
3 BR	$2,120	$2,000	7.4%
4 BR	$2,400	$2,630	8.1%
5 BR	$2,760	Not available	8.1%
6 BR	$3,174	Not available	8.1%
7 BR	$3,650	Not available	8.1%
8 BR	$4,198	Not available	8.1%

Purchase Price Calculator

Maximum purchase price

$181,787

Cost breakdown

+Likely effective rent$1,640

HUD FMR$1,600

Market rent$1,660

Est. payment standard (102%)Used$1,640

-Principal and interest-$919

Loan amount$145,429

Down payment$36,357

Rate6.50%

Term30 years

-Operating costs-$521

Property taxes-$182

Insurance-$175

Utilities$0

HOA$0

Management-$164

=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

+$26,388(72.6% ROI)

Projected value

$195,765

Return breakdown

Property appreciation+$13,978

Loan principal paid down+$5,210

Rental cash flow+$7,200

5-year hold

+$45,180(124.3% ROI)

Projected value

$205,675

Return breakdown

Property appreciation+$23,888

Loan principal paid down+$9,292

Rental cash flow+$12,000

10-year hold

+$97,056(266.9% ROI)

Projected value

$232,703

Return breakdown

Property appreciation+$50,916

Loan principal paid down+$22,140

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.01ratio

FMR$1,290

Market$1,280

vs market+$10

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

1.01

1 BR

1.06ratio

FMR$1,350

Market$1,270

vs market+$80

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

1.06

2 BR

0.96ratio

FMR$1,600

Market$1,660

vs market-$60

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

0.96

3 BR

1.06ratio

FMR$2,120

Market$2,000

vs market+$120

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

1.06

4 BR

0.87ratio

FMR$2,400

Market$2,760

vs market-$360

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

0.87

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 68056 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 68056 (St Columbans, NE) is $1,600 a month. That is up 29.0% from $1,240 in FY 2026. St Columbans 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 15 ZIP codes in Sarpy County, 68056 is tied for the 8th-highest two-bedroom rent (county range $1,330–$2,050). The median county two-bedroom FMR in Nebraska is $1,014, so ZIP 68056 is 58% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 68056
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$990	$1,290	+30.3%	$1,161–$1,419
1BR	$1,040	$1,350	+29.8%	$1,215–$1,485
2BR	$1,240	$1,600	+29.0%	$1,440–$1,760
3BR	$1,640	$2,120	+29.3%	$1,908–$2,332
4BR	$1,850	$2,400	+29.7%	$2,160–$2,640

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 68056
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,290	$1,350	$1,600	$2,120	$2,400
FY 2026	$990	$1,040	$1,240	$1,640	$1,850
FY 2025	$900	$960	$1,160	$1,540	$1,710
FY 2024	$980	$1,060	$1,280	$1,710	$1,900
FY 2023	$870	$970	$1,180	$1,580	$1,760

Two-bedroom rent in nearby Sarpy County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 68056
68005	$1,330	−16.9%
68028	$1,830	+14.4%
68046	$1,560	−2.5%
68056Current	$1,600	—
68059	$1,600	0.0%
68069	$1,540	−3.7%
68113	$1,820	+13.8%
68123	$1,650	+3.1%
68128	$1,560	−2.5%
68133	$1,650	+3.1%
68136	$2,050	+28.1%
68137	$1,730	+8.1%

Questions about ZIP 68056 rents

How much will Section 8 pay for a two-bedroom in ZIP 68056?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,600, that basic range is $1,440 to $1,760 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 68056 in?

ZIP 68056 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 68056 for FY 2027?

The two-bedroom FMR rose 29.0%, from $1,240 in FY 2026 to $1,600 in FY 2027. Since FY 2023 it has risen 35.6%.

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 St Columbans, NE fair market rent NE statewide rents What is SAFMR?Data sources