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Sarpy County/Omaha/68137

68137

ZIPSAFMR
Sarpy County, NE
Zillow

ZIP Investment Score

118Above average

095130300
BRFMR
Eff. Rent
0 BR$1,390$930
1 BR$1,450$970
2 BR$1,730$1,780
3 BR$2,300$2,040
4 BR$2,600$2,450
5 BR$2,990Not available
6 BR$3,438Not available
7 BR$3,954Not available
8 BR$4,547Not available

Purchase Price Calculator

Maximum purchase price
$202,591

Cost breakdown

+Likely effective rent$1,780
HUD FMR$1,730
Market rent$1,800
Est. payment standard (103%)Used$1,780
-Principal and interest-$1,024
Loan amount$162,073
Down payment$40,518
Rate6.50%
Term30 years
-Operating costs-$556
Property taxes-$203
Insurance-$175
Utilities$0
HOA$0
Management-$178
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,584(70.5% ROI)
Projected value
$218,168
Return breakdown
Property appreciation+$15,577
Loan principal paid down+$5,807
Rental cash flow+$7,200
5-year hold
+$48,977(120.9% ROI)
Projected value
$229,213
Return breakdown
Property appreciation+$26,622
Loan principal paid down+$10,355
Rental cash flow+$12,000
10-year hold
+$105,416(260.2% ROI)
Projected value
$259,333
Return breakdown
Property appreciation+$56,743
Loan principal paid down+$24,674
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.49
1 BR
1.49
2 BR
0.96
3 BR
1.13
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 68137 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 68137 (Omaha, NE) is $1,730 a month. That is up 8.8% from $1,590 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 15 ZIP codes in Sarpy County, 68137 has the 5th-highest two-bedroom rent (county range $1,330–$2,050). The median county two-bedroom FMR in Nebraska is $1,014, so ZIP 68137 is 71% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 68137
BedroomsFY 2027Change90–110% range
Studio$1,390+9.4%$1,251–$1,529
1BR$1,450+9.0%$1,305–$1,595
2BR$1,730+8.8%$1,557–$1,903
3BR$2,300+9.0%$2,070–$2,530
4BR$2,600+9.2%$2,340–$2,860

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 68137
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,390$1,450$1,730$2,300$2,600
FY 2026$1,270$1,330$1,590$2,110$2,380
FY 2025$1,120$1,190$1,430$1,900$2,110
FY 2024$1,020$1,100$1,330$1,780$1,970
FY 2023$910$1,010$1,230$1,650$1,830

Two-bedroom rent in nearby Sarpy County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 68137
68056$1,600−7.5%
68059$1,600−7.5%
68069$1,540−11.0%
68113$1,820+5.2%
68123$1,650−4.6%
68128$1,560−9.8%
68133$1,650−4.6%
68136$2,050+18.5%
68137Current$1,730—
68138$1,430−17.3%
68147$1,520−12.1%
68157$1,750+1.2%

Questions about ZIP 68137 rents

How much will Section 8 pay for a two-bedroom in ZIP 68137?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,730, that basic range is $1,557 to $1,903 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 68137 in?

ZIP 68137 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 68137 for FY 2027?

The two-bedroom FMR rose 8.8%, from $1,590 in FY 2026 to $1,730 in FY 2027. Since FY 2023 it has risen 40.7%.

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