Omaha, NE—68022
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Omaha, NE
As of Oct '25, the median home price in Omaha, NE is $502,000, with a year-over-year change of 0.7%. This indicates that home prices in Omaha, NE are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $502,000 | 0.7% |
| Single Family | $503,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $720,000 | 2.6% |
2 Bed | $432,000 | 0.9% |
3 Bed | $387,000 | 1.3% |
4 Bed | $533,000 | 0.6% |
| 5 Bed | $663,000 | 0.6% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $2,150, with a year-over-year rent change of -25.1%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $1,200, 1-bedrooms: $1,380, 2-bedrooms: $1,670, 3-bedrooms: $2,400, 4-bedrooms: $2,960. The most common rental property sizes in Omaha, NE are 1-bedroom and 2-bedroom, accounting for 43.8% and 42.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,150 |
| Studio Rent | $1,160 | $1,200 |
| 1 Bed Rent | $1,400 | $1,380 |
| 2 Bed Rent | $1,640 | $1,670 |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | $2,900 | $2,960 |
% of Rental Stock
Property Listings — Omaha, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Omaha, NE is 52. This is a decrease of -20.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $617,000 | 9.0% |
Listing Count | 528 | 7.0% |
| Listings as % of Homes | 3.1% | 7.0% |
Days on Market | 52 | -20.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 33,700, which has increased by 46.2% over the past 5 years. Omaha, NE is a popular place for families, as children make up 32.6% of the population. The area has a highly educated workforce, with 63.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,700 | 46.2% |
% Under 18 | 32.6% | 7.2% |
% Seniors | 10.0% | -13.8% |
% WFH | 20.9% | 260.3% |
% w/ College Degree | 63.7% | 11.0% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 87.3% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Omaha, NE is asian, making up 3.8% of the population. Foreign-born residents account for 4.8% of the population in Omaha, NE, and this percentage has increased by 41.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.3% | -5.7% |
% Black | 1.0% | -9.1% |
% Hispanic | 3.8% | 46.2% |
% Asian | 3.8% | 46.2% |
% Foreign Born | 4.8% | 41.2% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 1001 mortgage originations in Omaha, NE, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,001 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 0.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Omaha, NE, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,400 | $1,230 |
| 2 Bedroom | -$170 | $1,640 | $1,470 |
| 3 Bedroom | -$450 | $2,400 | $1,950 |
| 4 Bedroom | -$730 | $2,900 | $2,170 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $502,000 |
| Median Household Income | $140,000 |