Douglas County/Omaha/68106

68106

ZIPSAFMR

Douglas County, NE

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ZIP Investment Score

124Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,280	$900	11.2%
1 BR	$1,340	$1,360	9.9%
2 BR	$1,590	$1,580	9.2%
3 BR	$2,110	$2,000	9.0%
4 BR	$2,390	$2,180	9.7%
5 BR	$2,749	Not available	9.7%
6 BR	$3,161	Not available	9.7%
7 BR	$3,635	Not available	9.7%
8 BR	$4,180	Not available	9.7%

Purchase Price Calculator

Maximum purchase price

$172,871

Cost breakdown

+Likely effective rent$1,580

HUD FMR$1,590

Market rentUsed$1,580

Est. payment standard (100%)$1,580

-Principal and interest-$874

Loan amount$138,297

Down payment$34,574

Rate6.50%

Term30 years

-Operating costs-$506

Property taxes-$173

Insurance-$175

Utilities$0

HOA$0

Management-$158

=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

+$25,447(73.6% ROI)

Projected value

$186,163

Return breakdown

Property appreciation+$13,292

Loan principal paid down+$4,955

Rental cash flow+$7,200

5-year hold

+$43,552(126.0% ROI)

Projected value

$195,588

Return breakdown

Property appreciation+$22,717

Loan principal paid down+$8,836

Rental cash flow+$12,000

10-year hold

+$93,473(270.4% ROI)

Projected value

$221,289

Return breakdown

Property appreciation+$48,418

Loan principal paid down+$21,054

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.42ratio

FMR$1,280

Market$900

vs market+$380

FMR is above market; underwrite to market rent.

1.42

1 BR

0.98ratio

FMR$1,340

Market$1,370

vs market-$30

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

0.98

2 BR

1.01ratio

FMR$1,590

Market$1,580

vs market+$10

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

1.01

3 BR

1.05ratio

FMR$2,110

Market$2,000

vs market+$110

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

1.05

4 BR

1.10ratio

FMR$2,390

Market$2,180

vs market+$210

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

1.10

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 68106 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 68106 (Omaha, NE) is $1,590 a month. That is up 8.2% from $1,470 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, 68106 has the 17th-highest two-bedroom rent (county range $1,180–$2,180). The median county two-bedroom FMR in Nebraska is $1,014, so ZIP 68106 is 57% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 68106
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,170	$1,280	+9.4%	$1,152–$1,408
1BR	$1,230	$1,340	+8.9%	$1,206–$1,474
2BR	$1,470	$1,590	+8.2%	$1,431–$1,749
3BR	$1,950	$2,110	+8.2%	$1,899–$2,321
4BR	$2,200	$2,390	+8.6%	$2,151–$2,629

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 68106
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,280	$1,340	$1,590	$2,110	$2,390
FY 2026	$1,170	$1,230	$1,470	$1,950	$2,200
FY 2025	$1,030	$1,090	$1,310	$1,740	$1,940
FY 2024	$930	$1,010	$1,220	$1,630	$1,810
FY 2023	$810	$900	$1,100	$1,470	$1,640

Two-bedroom rent in nearby Douglas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 68106
68102	$1,790	+12.6%
68103	$1,460	−8.2%
68104	$1,360	−14.5%
68105	$1,340	−15.7%
68106Current	$1,590	—
68107	$1,350	−15.1%
68108	$1,450	−8.8%
68109	$1,460	−8.2%
68110	$1,190	−25.2%
68111	$1,270	−20.1%
68112	$1,470	−7.5%
68114	$1,630	+2.5%

Questions about ZIP 68106 rents

How much will Section 8 pay for a two-bedroom in ZIP 68106?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,590, that basic range is $1,431 to $1,749 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 68106 in?

ZIP 68106 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 68106 for FY 2027?

The two-bedroom FMR rose 8.2%, from $1,470 in FY 2026 to $1,590 in FY 2027. Since FY 2023 it has risen 44.5%.

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