Most Affordable ZIP Codes in Omaha-Council Bluffs, NE-IA (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 51545 | Little Sioux, IA | $91,958 | $900 | 7.63% | — |
| 2 | 68111 | Omaha, NE | $137,447 | $1,342 | 7.62% | 5.7% |
| 3 | 68110 | Omaha, NE | $144,626 | $1,100 | 5.93% | 5.2% |
| 4 | 51532 | Elliott, IA | $146,819 | $864 | 4.59% | 5.7% |
| 5 | 51544 | Lewis, IA | $165,970 | $864 | 4.06% | 5.0% |
| 6 | 68108 | Omaha, NE | $174,025 | $1,306 | 5.85% | 4.5% |
| 7 | 68107 | Omaha, NE | $185,883 | $1,375 | 5.77% | 5.5% |
| 8 | 68112 | Omaha, NE | $187,591 | $1,572 | 6.53% | 4.4% |
| 9 | 51501 | Council Bluffs, IA | $188,482 | $1,348 | 5.58% | 6.1% |
| 10 | 51533 | Emerson, IA | $193,629 | $1,098 | 4.42% | 2.9% |
| 11 | 51535 | Griswold, IA | $199,450 | $918 | 3.59% | 9.6% |
| 12 | 68104 | Omaha, NE | $203,589 | $1,568 | 6.01% | 4.5% |
| 13 | 51577 | Walnut, IA | $204,115 | $873 | 3.34% | 5.4% |
| 14 | 51529 | Dunlap, IA | $204,735 | $936 | 3.57% | 8.6% |
| 15 | 51510 | Carter Lake, IA | $213,858 | $1,206 | 4.40% | 6.8% |
| 16 | 68131 | Omaha, NE | $220,294 | $1,441 | 5.10% | 4.6% |
| 17 | 68117 | Omaha, NE | $224,178 | $1,700 | 5.91% | 5.7% |
| 18 | 51560 | Oakland, IA | $227,885 | $954 | 3.27% | 5.9% |
| 19 | 51653 | Tabor, IA | $230,196 | $1,053 | 3.57% | 6.0% |
| 20 | 68105 | Omaha, NE | $230,888 | $1,243 | 4.20% | 4.8% |
| 21 | 68463 | Weeping Water, NE | $232,186 | $918 | 3.08% | 5.3% |
| 22 | 51555 | Missouri Valley, IA | $238,209 | $936 | 3.06% | 6.2% |
| 23 | 51557 | Mondamin, IA | $238,787 | $972 | 3.18% | 6.6% |
| 24 | 51521 | Avoca, IA | $239,040 | $909 | 2.97% | 6.1% |
| 25 | 51579 | Woodbine, IA | $242,041 | $954 | 3.07% | 7.4% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Omaha-Council Bluffs, NE-IA · Appreciation in Omaha-Council Bluffs, NE-IA
Or see the full Omaha-Council Bluffs, NE-IA metro profile.