Omaha, NE
Is Omaha a good place to buy rental property in 2026?
HUD Fair Market Rent, FY2026, puts a Omaha 2-bedroom at $1,368/mo and a 3-bedroom at $1,813/mo. At a stated $265,000 price with the 3-bedroom rent, the sample underwrite below comes to −$398/mo cash flow, a 4.7% cap rate, and a 0.77 DSCR. Whether a specific Omaha property works depends on its own price, rent, tax bill, and insurance.
Data as of 2026; verify locally before you offer.
Omaha rent benchmark
HUD Fair Market Rent, FY2026, for the county or metro that contains Omaha. It is a housing-program benchmark, not a comp for one property. Use it as your starting rent, then replace it with current leases for the address.
| Bedrooms | HUD FMR / month |
|---|---|
| 2 bedrooms | $1,368 |
| 3 bedrooms | $1,813 |
By ZIP code: HUD Small Area Fair Market Rent, FY2026
HUD also publishes ZIP-level rents for the Omaha-Council Bluffs, NE-IA metro area, the region that includes Omaha. Rent varies by ZIP and bedroom count.
| ZIP code | 2BR / month | 3BR / month |
|---|---|---|
| 68118 | $2,050 | $2,720 |
| 68068 | $1,610 | $2,130 |
| 68128 | $1,470 | $1,950 |
| 68145 | $1,370 | $1,820 |
| 51561 | $1,320 | $1,750 |
| 68005 | $1,240 | $1,640 |
| 68029 | $1,180 | $1,560 |
| 68178 | $1,150 | $1,520 |
| 68403 | $1,080 | $1,430 |
| 51555 | $1,040 | $1,380 |
| 51577 | $970 | $1,280 |
| 68347 | $960 | $1,280 |
12 of 133 ZIP codes in the Omaha-Council Bluffs, NE-IA metro area, sampled highest to lowest.
What the HUD rent pencils to
Sample underwrite at a stated $265,000 price using the HUD 3-bedroom benchmark — not a listing. TrueCap ran its sample deal with $1,813/mo of rent and every other assumption unchanged.
- Monthly cash flow
- −$398/mo
- Cap rate
- 4.7%
- DSCR
- 0.77
Assumptions: $265,000 price, $1,813/mo rent (HUD FMR, 3 bedrooms), 20% down, 6.6% rate, 30-year loan, 3% closing costs, 1.49% property tax, 0.5% insurance, 5% vacancy, 8% management, 5% maintenance, 5% CapEx reserve. Change any of them in the analyzer and the numbers move with you.
Three things to verify locally
- Property tax bill. Pull the parcel's current bill from the county assessor or treasurer, and check how the assessment resets after a sale. The sample above uses 1.49% of price; your Omaha bill may be higher or lower.
- Rental licensing and permits. Many cities require a rental license, an inspection, or a certificate of occupancy before you can lease. Confirm the Omaha rules for the address and budget the fees before you close.
- Insurance quotes. Get a written landlord-policy quote for the specific property, including wind, hail, or flood coverage where it applies. Premiums vary by ZIP, building age, and roof.
Ready to run a Omaha property?
Start with Omaha context, then verify the address, rent, property tax, insurance, and every other assumption. Every assumption is labeled and editable.
The terms behind the numbers
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