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Douglas County/Omaha/68105

68105

ZIPSAFMR
Douglas County, NE
Zillow

ZIP Investment Score

137High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,080$840
1 BR$1,130$1,170
2 BR$1,340$1,430
3 BR$1,780$1,930
4 BR$2,010$2,060
5 BR$2,312Not available
6 BR$2,658Not available
7 BR$3,057Not available
8 BR$3,516Not available

Purchase Price Calculator

Maximum purchase price
$150,581

Cost breakdown

+Likely effective rent$1,430
HUD FMR$1,340
Market rent$1,480
Est. payment standard (107%)Used$1,430
-Principal and interest-$761
Loan amount$120,465
Down payment$30,116
Rate6.50%
Term30 years
-Operating costs-$469
Property taxes-$151
Insurance-$175
Utilities$0
HOA$0
Management-$143
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,094(76.7% ROI)
Projected value
$162,159
Return breakdown
Property appreciation+$11,578
Loan principal paid down+$4,316
Rental cash flow+$7,200
5-year hold
+$39,484(131.1% ROI)
Projected value
$170,368
Return breakdown
Property appreciation+$19,788
Loan principal paid down+$7,697
Rental cash flow+$12,000
10-year hold
+$84,515(280.6% ROI)
Projected value
$192,756
Return breakdown
Property appreciation+$42,175
Loan principal paid down+$18,339
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.29
1 BR
0.95
2 BR
0.91
3 BR
0.89
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 68105 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 68105 (Omaha, NE) is $1,340 a month. That is up 5.5% from $1,270 in FY 2026. Omaha 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, 68105 has the 43rd-highest two-bedroom rent (county range $1,180–$2,180). The median county two-bedroom FMR in Nebraska is $1,014, so ZIP 68105 is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 68105
BedroomsFY 2027Change90–110% range
Studio$1,080+6.9%$972–$1,188
1BR$1,130+5.6%$1,017–$1,243
2BR$1,340+5.5%$1,206–$1,474
3BR$1,780+6.0%$1,602–$1,958
4BR$2,010+5.8%$1,809–$2,211

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 68105
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,080$1,130$1,340$1,780$2,010
FY 2026$1,010$1,070$1,270$1,680$1,900
FY 2025$920$980$1,170$1,550$1,730
FY 2024$850$920$1,110$1,480$1,640
FY 2023$760$840$1,030$1,380$1,530

Two-bedroom rent in nearby Douglas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 68105
68102$1,790+33.6%
68103$1,460+9.0%
68104$1,360+1.5%
68105Current$1,340—
68106$1,590+18.7%
68107$1,350+0.7%
68108$1,450+8.2%
68109$1,460+9.0%
68110$1,190−11.2%
68111$1,270−5.2%
68112$1,470+9.7%
68114$1,630+21.6%

Questions about ZIP 68105 rents

How much will Section 8 pay for a two-bedroom in ZIP 68105?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,340, that basic range is $1,206 to $1,474 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 68105 in?

ZIP 68105 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 68105 for FY 2027?

The two-bedroom FMR rose 5.5%, from $1,270 in FY 2026 to $1,340 in FY 2027. Since FY 2023 it has risen 30.1%.

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