Omaha, NE—68102
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 $291,000, with a year-over-year change of 1.0%. This indicates that home prices in Omaha, NE are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $291,000 | 1.0% |
| Single Family | $194,000 | -4.4% |
| Condos | $336,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $221,000 | 1.4% |
2 Bed | $437,000 | 3.1% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,090, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $881, 1-bedrooms: $1,130, 2-bedrooms: $1,400, 3-bedrooms: $1,380. The most common rental property sizes in Omaha, NE are 1-bedroom and 2-bedroom, accounting for 47.7% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,010 | $1,090 |
| Studio Rent | $836 | $881 |
| 1 Bed Rent | $1,040 | $1,130 |
| 2 Bed Rent | $1,490 | $1,400 |
| 3 Bed Rent | $1,380 | $1,380 |
| 4 Bed Rent | N/A | N/A |
% 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 55. This is a increase of 21.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $440,000 | 7.0% |
Listing Count | 29 | 116.0% |
| Listings as % of Homes | 0.2% | 116.0% |
Days on Market | 55 | 21.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 9,310, which has increased by 18.3% over the past 5 years. Omaha, NE is a less popular place for families, as children make up 5.1% of the population. The area has a highly educated workforce, with 51.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,310 | 18.3% |
% Under 18 | 5.1% | 24.4% |
% Seniors | 7.3% | 30.4% |
% WFH | 12.7% | 284.8% |
% w/ College Degree | 51.3% | 8.0% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 66.5% of the population identifying as white. The white population has grown by 6.7% in the last 5 years. The second most common race or ethnicity in Omaha, NE is black, making up 15.0% of the population. Foreign-born residents account for 7.7% of the population in Omaha, NE, and this percentage has decreased by 17.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.5% | 6.7% |
% Black | 15.0% | -7.4% |
% Hispanic | 8.6% | -27.1% |
% Asian | 3.2% | -33.3% |
% Foreign Born | 7.7% | -17.2% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 36 mortgage originations in Omaha, NE, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 11.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 36 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 11.0% |
% Second Loans | 14.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
Omaha, NE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 276 |
Total Units Section 8 | 236 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | 81.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,040 | $1,310 |
| 2 Bedroom | $80 | $1,490 | $1,570 |
| 3 Bedroom | $710 | $1,380 | $2,090 |
| 4 Bedroom | N/A | N/A | $2,320 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $291,000 |
| Median Household Income | $60,500 |