Omaha-Council Bluffs, NE-IA · Iowa
Mills County
14,563 residents30 permits TTM$87,810 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$228,700
ACS 5-Year
Cap rate proxy
7.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
12.1%
HUD FMR ÷ ACS HHI
Net migration
+1.86%
IRS SOI
Permits (TTM)
30
Census BPS
Climate risk
18.5
FEMA NRI (0–100)
ZIP code breakdown7 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 51551 | $228,700 | $1,090 | 5.7% | 0.6 | 22.7% |
| 51534 | $228,700 | $1,040 | 5.5% | 0.4 | 17.1% |
| 51540 | $228,700 | $1,090 | 5.7% | — | 22.7% |
| 51541 | $228,700 | $1,060 | 5.6% | — | 19.4% |
| 51554 | $228,700 | $1,060 | 5.6% | — | 19.4% |
| 51561 | $228,700 | $1,320 | 6.9% | — | 48.6% |
| 51571 | $228,700 | $1,110 | 5.8% | — | 25.0% |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
84.2%
Census ACS
Vacancy rate
12.6%
Census ACS
Bachelor's degree +
32.0%
Census ACS
Rent burdened
30.6%
Census ACS (>30% income)
Median age
42.6
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026