FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR
0.86ratio
FMR$1,180
Market$1,370
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR
0.88ratio
FMR$1,570
Market$1,780
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR
0.85ratio
FMR$1,770
Market$2,080
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.85
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
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ZIP 68178 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 68178 (Omaha, NE) is $1,180 a month. That is up 2.6% from $1,150 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, 68178 has the 49th-highest two-bedroom rent (county range $1,180–$2,180). The median county two-bedroom FMR in Nebraska is $1,014, so ZIP 68178 is 16% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 68178
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$920
$950
+3.3%
$855–$1,045
1BR
$970
$990
+2.1%
$891–$1,089
2BR
$1,150
$1,180
+2.6%
$1,062–$1,298
3BR
$1,520
$1,570
+3.3%
$1,413–$1,727
4BR
$1,720
$1,770
+2.9%
$1,593–$1,947
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 68178
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$950
$990
$1,180
$1,570
$1,770
FY 2026
$920
$970
$1,150
$1,520
$1,720
FY 2025
$870
$940
$1,140
$1,530
$1,690
FY 2024
$960
$1,040
$1,260
$1,690
$1,870
FY 2023
$840
$930
$1,140
$1,520
$1,690
Two-bedroom rent in nearby Douglas County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 68178?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,180, that basic range is $1,062 to $1,298 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 68178 in?
ZIP 68178 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 68178 for FY 2027?
The two-bedroom FMR rose 2.6%, from $1,150 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 3.5%.
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