What is the Fair Market Rent in Township 1, NE?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,220 to $1,470 a month across the 2 ZIP codes that cover Township 1.

By ZIP code: 68023 $1,220, 68112 $1,470.

Across the whole Omaha-Council Bluffs, NE-IA HUD Metro FMR Area the two-bedroom figure is $1,450.

The Census Bureau’s median gross rent for a two-bedroom home in Township 1 is $1,059 (±$108), below the Small Area figure for ZIP 68023.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,450
2 bedrooms, ZIP 68023: $1,220
2 bedrooms, ZIP 68112: $1,470

Fair Market Rents for Township 1, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Omaha-Council Bluffs, NE-IA HUD Metro FMR Area (whole area)	$1,167	$1,219	$1,450	$1,924	$2,179	—
ZIP 68023 (73% of the ZIP’s land is in this place)	$980	$1,030	$1,220	$1,620	$1,830	$1,077
ZIP 68112 (43% of the ZIP’s land is in this place)	$1,180	$1,240	$1,470	$1,950	$2,210	$1,099

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Township 1

What is the Section 8 payment standard in Township 1?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Omaha-Council Bluffs, NE-IA HUD Metro FMR Area is $1,450, and the Small Area figure for 68023 is $1,220.

What is the Fair Market Rent for a two-bedroom in ZIP 68023?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 68023 is $1,220 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,077 (±$88).

What is the Fair Market Rent for a two-bedroom in ZIP 68112?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 68112 is $1,470 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,099 (±$109).

What is the Fair Market Rent for a one-bedroom in Township 1?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 68023 is $1,030 a month, against $1,219 across the Omaha-Council Bluffs, NE-IA HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.