Omaha-Council Bluffs, NE-IA · Nebraska

Cass County

ZIP 68407

26,963 residents67 permits TTM$88,255 median HHI15 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$247,200

ACS 5-Year

Cap rate proxy

6.6%

FMR × 0.65 ÷ Home Value

Rent-to-income

13.4%

HUD FMR ÷ ACS HHI

Net migration

+2.03%

IRS SOI

Permits (TTM)

67

Census BPS

Climate risk

31.0

FEMA NRI (0–100)

ZIP 68407

Median home value

$247,200

Gross yield

5.5%

Buy Box score

Section 8 gap

15.5%

Affordability

P/I: 3.6R/I:

Section 8 detail

SAFMR: $1,140Rent: $987Gap: 15.5%
ZIP code breakdown15 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
68463$222,957$1,0205.5%5.3%3.2%
68016$247,200county est.$1,5607.6%4.8%36.7%
68058$247,200county est.$1,1905.8%4.8%17.1%
68304$247,200county est.$1,1105.4%4.8%11.1%
68307$247,200county est.$1,0605.1%4.8%6.9%
68403$247,200county est.$1,0805.2%4.8%8.6%
68407$247,200county est.$1,1405.5%4.8%13.4%
68409$247,200county est.$1,3606.6%4.8%27.4%
68413$247,200county est.$1,3406.5%4.8%26.3%
68455$247,200county est.$1,8809.1%4.8%47.5%
68048$303,167$1,2004.7%4.7%0.6%
68349$263,860$1,0104.6%4.5%2.3%
68366$294,945$1,2605.1%4.0%21.7%
68037$342,526$1,2404.3%3.5%20.4%
68347$344,994$9603.3%3.4%-2.8%

Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.

Demographics

Owner-occupied

83.8%

Census ACS

Vacancy rate

10.3%

Census ACS

Bachelor's degree +

31.9%

Census ACS

Rent burdened

38.8%

Census ACS (>30% income)

Median age

41.0

Census ACS

Data sources
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