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Sarpy County/Omaha/68157

68157

ZIPSAFMR
Sarpy County, NE
Zillow

ZIP Investment Score

114Above average

095130300
BRFMR
Eff. Rent
0 BR$1,410$1,230
1 BR$1,470$1,440
2 BR$1,750$1,570
3 BR$2,320$2,000
4 BR$2,630$2,540
5 BR$3,024Not available
6 BR$3,478Not available
7 BR$4,000Not available
8 BR$4,600Not available

Purchase Price Calculator

Maximum purchase price
$171,385

Cost breakdown

+Likely effective rent$1,570
HUD FMR$1,750
Market rentUsed$1,570
Est. payment standard (93%)$1,630
-Principal and interest-$867
Loan amount$137,108
Down payment$34,277
Rate6.50%
Term30 years
-Operating costs-$503
Property taxes-$171
Insurance-$175
Utilities$0
HOA$0
Management-$157
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,290(73.8% ROI)
Projected value
$184,563
Return breakdown
Property appreciation+$13,178
Loan principal paid down+$4,912
Rental cash flow+$7,200
5-year hold
+$43,281(126.3% ROI)
Projected value
$193,906
Return breakdown
Property appreciation+$22,521
Loan principal paid down+$8,760
Rental cash flow+$12,000
10-year hold
+$92,875(271.0% ROI)
Projected value
$219,387
Return breakdown
Property appreciation+$48,002
Loan principal paid down+$20,873
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.15
1 BR
1.02
2 BR
1.11
3 BR
1.16
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 68157 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 68157 (Omaha, NE) is $1,750 a month. That is up 6.7% from $1,640 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, 68157 has the 4th-highest two-bedroom rent (county range $1,330–$2,050). The median county two-bedroom FMR in Nebraska is $1,014, so ZIP 68157 is 73% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 68157
BedroomsFY 2027Change90–110% range
Studio$1,410+7.6%$1,269–$1,551
1BR$1,470+6.5%$1,323–$1,617
2BR$1,750+6.7%$1,575–$1,925
3BR$2,320+6.9%$2,088–$2,552
4BR$2,630+7.3%$2,367–$2,893

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 68157
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,410$1,470$1,750$2,320$2,630
FY 2026$1,310$1,380$1,640$2,170$2,450
FY 2025$1,190$1,270$1,520$2,020$2,250
FY 2024$1,040$1,130$1,360$1,820$2,010
FY 2023$920$1,030$1,250$1,670$1,860

Two-bedroom rent in nearby Sarpy County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 68157
68056$1,600−8.6%
68059$1,600−8.6%
68069$1,540−12.0%
68113$1,820+4.0%
68123$1,650−5.7%
68128$1,560−10.9%
68133$1,650−5.7%
68136$2,050+17.1%
68137$1,730−1.1%
68138$1,430−18.3%
68147$1,520−13.1%
68157Current$1,750—

Questions about ZIP 68157 rents

How much will Section 8 pay for a two-bedroom in ZIP 68157?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,750, that basic range is $1,575 to $1,925 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 68157 in?

ZIP 68157 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 68157 for FY 2027?

The two-bedroom FMR rose 6.7%, from $1,640 in FY 2026 to $1,750 in FY 2027. Since FY 2023 it has risen 40.0%.

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