Logo Omaha-Council Bluffs Fair Market Rent FY 2022 Omaha-Council Bluffs, NE-IA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Omaha-Council Bluffs, IA :
$698 $794 $974 $1,305 $1,457
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 50th Percentile Metro Area

Fair Market Rent prices in Omaha-Council Bluffs are high compared to the national average. This FMR area is more expensive than 83% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Omaha-Council Bluffs is $974 per month.

The previous year, rent for a two-bedroom home was $987 per month. This is a 1.32% decrease year-over-year.

This FMR rate applies to Blencoe, IA, Little Sioux, IA, Magnolia, IA, Pisgah, IA, Modale, IA, Moorhead, IA, Portsmouth, IA, Persia, IA, Earling, IA, Mondamin, IA and other cities within the region. The Metro Code or CBSA code for this region is METRO36540M36540.

Additionally, This Fair Market Rent (FMR) area Omaha-Council Bluffs, NE-IA HUD Metro FMR Area spans one county or city in Iowa which is listed in the table below. Estimated population of Omaha-Council Bluffs, NE-IA HUD Metro FMR Area FMR area is 0 people based on 2000 Census data.

Compared to the rest of Iowa, the Omaha-Council Bluffs FMR area is more expensive than 96% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Omaha-Council Bluffs. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Omaha-Council Bluffs

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 743
1-BR 1-Bedroom $ 844
2-BR 2-Bedroom $ 1036
3-BR 3-Bedroom $ 1388
4-BR 4-Bedroom $ 1550
Change Year:

There is just one county (listed below) within the Omaha-Council Bluffs, NE-IA HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Sioux City and Omaha.

County / Region Est. Population
, IA Metro 0
Zip Codes in Omaha-Council Bluffs, NE-IA HUD Metro FMR Area

There are 15 unique zip codes in this Fair Market Rent (FMR) area:

51523, 51530, 51545, 51546, 51550, 51555, 51556, 51557, 51558, 51559, 51563, 51564, 51565, 51570 and 51579

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