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Douglas County/Omaha/68124

68124

ZIPSAFMR
Douglas County, NE
Zillow

ZIP Investment Score

106Above average

095130300
BRFMR
Eff. Rent
0 BR$1,220$970
1 BR$1,270$1,300
2 BR$1,510$1,660
3 BR$2,000$2,020
4 BR$2,270$2,350
5 BR$2,611Not available
6 BR$3,002Not available
7 BR$3,452Not available
8 BR$3,970Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,510
Market rent$1,770
Est. payment standard (110%)Used$1,660
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.26
1 BR
0.97
2 BR
0.85
3 BR
0.99
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 68124 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 68124 (Omaha, NE) is $1,510 a month. That is up 4.9% from $1,440 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, 68124 has the 21st-highest two-bedroom rent (county range $1,180–$2,180). The median county two-bedroom FMR in Nebraska is $1,014, so ZIP 68124 is 49% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 68124
BedroomsFY 2027Change90–110% range
Studio$1,220+6.1%$1,098–$1,342
1BR$1,270+5.0%$1,143–$1,397
2BR$1,510+4.9%$1,359–$1,661
3BR$2,000+4.7%$1,800–$2,200
4BR$2,270+5.6%$2,043–$2,497

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 68124
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,220$1,270$1,510$2,000$2,270
FY 2026$1,150$1,210$1,440$1,910$2,150
FY 2025$1,050$1,120$1,340$1,780$1,980
FY 2024$970$1,050$1,270$1,700$1,880
FY 2023$900$1,000$1,220$1,630$1,810

Two-bedroom rent in nearby Douglas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 68124
68114$1,630+7.9%
68116$1,770+17.2%
68117$1,650+9.3%
68118$2,180+44.4%
68122$1,600+6.0%
68124Current$1,510—
68127$1,440−4.6%
68128$1,560+3.3%
68130$1,920+27.2%
68131$1,400−7.3%
68132$1,240−17.9%
68134$1,430−5.3%

Questions about ZIP 68124 rents

How much will Section 8 pay for a two-bedroom in ZIP 68124?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,510, that basic range is $1,359 to $1,661 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 68124 in?

ZIP 68124 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 68124 for FY 2027?

The two-bedroom FMR rose 4.9%, from $1,440 in FY 2026 to $1,510 in FY 2027. Since FY 2023 it has risen 23.8%.

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