Omaha, NE—68106
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 $245,000, 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 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | 0.7% |
| Single Family | $245,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $160,000 | 0.0% |
2 Bed | $214,000 | 0.9% |
3 Bed | $254,000 | 0.8% |
4 Bed | $294,000 | 1.4% |
| 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 $1,760, with a year-over-year rent change of 28.5%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $1,420, 1-bedrooms: $1,130, 2-bedrooms: $1,540, 3-bedrooms: $2,030, 4-bedrooms: $2,090. The most common rental property sizes in Omaha, NE are 2-bedroom and 1-bedroom, accounting for 35.7% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,760 |
| Studio Rent | $1,390 | $1,420 |
| 1 Bed Rent | $869 | $1,130 |
| 2 Bed Rent | $1,600 | $1,540 |
| 3 Bed Rent | $1,950 | $2,030 |
| 4 Bed Rent | $2,100 | $2,090 |
% 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 22. This is a decrease of -11.0% 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 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 | $292,000 | 2.0% |
Listing Count | 61 | 6.0% |
| Listings as % of Homes | 0.4% | 6.0% |
Days on Market | 22 | -11.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 21,900, which has increased by 8.8% over the past 5 years. Omaha, NE is a moderately popular place for families, as children make up 18.3% of the population. The area has a highly educated workforce, with 48.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | 8.8% |
% Under 18 | 18.3% | 7.6% |
% Seniors | 14.6% | 5.0% |
% WFH | 11.0% | 129.2% |
% w/ College Degree | 48.1% | 11.1% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 72.4% of the population identifying as white. The white population has shrunk by 12.7% in the last 5 years. The second most common race or ethnicity in Omaha, NE is hispanic, making up 13.3% of the population. Foreign-born residents account for 10.5% of the population in Omaha, NE, and this percentage has increased by 31.2% 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 | 72.4% | -12.7% |
% Black | 6.5% | 195.5% |
% Hispanic | 13.3% | 84.7% |
% Asian | 3.2% | -23.8% |
% Foreign Born | 10.5% | 31.2% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 386 mortgage originations in Omaha, NE, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 8.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 386 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 4.0%. 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. 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 | 215 |
Total Units Section 8 | 180 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $221 | $869 | $1,090 |
| 2 Bedroom | -$290 | $1,600 | $1,310 |
| 3 Bedroom | -$210 | $1,950 | $1,740 |
| 4 Bedroom | -$160 | $2,100 | $1,940 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $245,000 |
| Median Household Income | $70,600 |