Omaha, NE—68104
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 $194,000, with a year-over-year change of -0.8%. This indicates that home prices in Omaha, NE are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $194,000 | -0.8% |
| Single Family | $195,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $126,000 | -1.6% |
2 Bed | $168,000 | 0.0% |
3 Bed | $201,000 | -0.5% |
4 Bed | $233,000 | -0.4% |
| 5 Bed | $258,000 | 0.0% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,410, with a year-over-year rent change of 14.6%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $899, 1-bedrooms: $801, 2-bedrooms: $1,260, 3-bedrooms: $1,760, 4-bedrooms: $2,350. The most common rental property sizes in Omaha, NE are 2-bedroom and 3-bedroom, accounting for 36.2% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,410 |
| Studio Rent | $1,050 | $899 |
| 1 Bed Rent | $800 | $801 |
| 2 Bed Rent | $1,350 | $1,260 |
| 3 Bed Rent | $1,700 | $1,760 |
| 4 Bed Rent | $1,900 | $2,350 |
% 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 31. This is a increase of 5.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $208,000 | -1.0% |
Listing Count | 136 | 34.0% |
| Listings as % of Homes | 0.5% | 34.0% |
Days on Market | 31 | 5.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 37,000, which has increased by 1.3% over the past 5 years. Omaha, NE is a moderately popular place for families, as children make up 24.5% of the population. The area has a moderately educated workforce, with 30.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,000 | 1.3% |
% Under 18 | 24.5% | -9.6% |
% Seniors | 12.3% | 7.0% |
% WFH | 15.5% | 330.6% |
% w/ College Degree | 30.6% | 26.4% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 49.7% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Omaha, NE is black, making up 23.1% of the population. Foreign-born residents account for 13.3% of the population in Omaha, NE, and this percentage has increased by 17.7% 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 | 49.7% | 0.2% |
% Black | 23.1% | -25.5% |
% Hispanic | 7.3% | 28.1% |
% Asian | 12.2% | 35.6% |
% Foreign Born | 13.3% | 17.7% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 564 mortgage originations in Omaha, NE, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 6.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 564 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 15.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Omaha, NE, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,332 |
Total Units Section 8 | 984 |
% Rentals under Section 8 | 15.2% |
% Occupied Section 8 | 76.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $800 | $950 |
| 2 Bedroom | -$210 | $1,350 | $1,140 |
| 3 Bedroom | -$190 | $1,700 | $1,510 |
| 4 Bedroom | -$210 | $1,900 | $1,690 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $194,000 |
| Median Household Income | $57,500 |