Omaha-Council Bluffs, NE-IA · Nebraska
Sarpy County
ZIP 68123
194,051 residents1,710 permits TTM$101,402 median HHI13 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$287,600
ACS 5-Year
Cap rate proxy
5.7%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.2%
HUD FMR ÷ ACS HHI
Net migration
+2.82%
IRS SOI
Permits (TTM)
1,710
Census BPS
Climate risk
83.6
FEMA NRI (0–100)
ZIP 68123
Median home value
$287,600
Gross yield
6.4%
Buy Box score
0.7
Section 8 gap
19.2%
Affordability
P/I: 3.2R/I: 17.3%
Section 8 detail
SAFMR: $1,530Rent: $1,284Gap: 19.2%
ZIP code breakdown13 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 68147 | $287,600 | $1,410 | 5.9% | 6.3% | 8.9% |
| 68138 | $287,600 | $1,320 | 5.5% | 6.2% | -12.1% |
| 68128 | $287,600 | $1,470 | 6.1% | 5.6% | 4.0% |
| 68005 | $287,600 | $1,240 | 5.2% | 5.4% | 9.0% |
| 68123 | $287,600 | $1,530 | 6.4% | 5.4% | 4.3% |
| 68056 | $287,600county est. | $1,240 | 5.2% | 5.4% | -3.5% |
| 68113 | $287,600county est. | $1,680 | 7.0% | 5.4% | 23.6% |
| 68157 | $287,600 | $1,640 | 6.8% | 5.3% | 21.7% |
| 68136 | $287,600 | $1,900 | 7.9% | 5.1% | 10.6% |
| 68046 | $287,600 | $1,440 | 6.0% | 4.4% | -2.1% |
| 68028 | $287,600 | $1,720 | 7.2% | 4.3% | 10.3% |
| 68133 | $287,600 | $1,580 | 6.6% | 3.7% | 18.7% |
| 68059 | $287,600 | $1,480 | 6.2% | 3.5% | 13.2% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
70.6%
Census ACS
Vacancy rate
3.5%
Census ACS
Bachelor's degree +
41.9%
Census ACS
Rent burdened
40.6%
Census ACS (>30% income)
Median age
35.5
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