Omaha, NE—68107
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 $177,000, 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 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $177,000 | 0.8% |
| Single Family | $177,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $115,000 | -1.7% |
2 Bed | $161,000 | 1.9% |
3 Bed | $194,000 | 1.6% |
4 Bed | $201,000 | 1.5% |
| 5 Bed | $221,000 | 3.8% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,330, with a year-over-year rent change of 15.7%. Per bedroom, the median rent as of July '25 in Omaha, NE is 1-bedrooms: $893, 2-bedrooms: $1,010, 3-bedrooms: $1,680, 4-bedrooms: $3,500. The most common rental property sizes in Omaha, NE are 2-bedroom and 3-bedroom, accounting for 33.6% and 23.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,330 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $875 | $893 |
| 2 Bed Rent | $1,000 | $1,010 |
| 3 Bed Rent | $1,700 | $1,680 |
| 4 Bed Rent | $3,500 | $3,500 |
% 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 27. This is a decrease of -13.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $218,000 | 4.0% |
Listing Count | 57 | 12.0% |
| Listings as % of Homes | 0.3% | 12.0% |
Days on Market | 27 | -13.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 31,000, which has remained stable by -0.9% over the past 5 years. Omaha, NE is a popular place for families, as children make up 33.5% of the population. The area has a poorly educated workforce, with 8.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,000 | -0.9% |
% Under 18 | 33.5% | 0.0% |
% Seniors | 9.3% | 29.2% |
% WFH | 4.0% | 300.0% |
% w/ College Degree | 8.9% | 0.0% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly hispanic area, with 66.9% of the population identifying as hispanic. The hispanic population has grown by 6.7% in the last 5 years. The second most common race or ethnicity in Omaha, NE is white, making up 23.5% of the population. Foreign-born residents account for 32.2% of the population in Omaha, NE, and this percentage has increased by 4.2% 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 | 23.5% | -17.5% |
% Black | 8.3% | 66.0% |
% Hispanic | 66.9% | 6.7% |
% Asian | 0.7% | 40.0% |
% Foreign Born | 32.2% | 4.2% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 291 mortgage originations in Omaha, NE, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 9.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 291 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 12.8%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Omaha, NE, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,024 |
Total Units Section 8 | 481 |
% Rentals under Section 8 | 12.8% |
% Occupied Section 8 | 83.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $875 | $980 |
| 2 Bedroom | $180 | $1,000 | $1,180 |
| 3 Bedroom | -$130 | $1,700 | $1,570 |
| 4 Bedroom | -$1,760 | $3,500 | $1,740 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $177,000 |
| Median Household Income | $60,000 |