Omaha, NE—68110
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 $142,000, with a year-over-year change of -1.3%. This indicates that home prices in Omaha, NE are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $142,000 | -1.3% |
| Single Family | $142,000 | -1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $116,000 | -1.7% |
3 Bed | $155,000 | -1.3% |
4 Bed | $153,000 | -1.3% |
| 5 Bed | $175,000 | -2.2% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,880, with a year-over-year rent change of 29.7%. Per bedroom, the median rent as of July '25 in Omaha, NE is 2-bedrooms: $1,500, 3-bedrooms: $1,680, 4-bedrooms: $1,500. The most common rental property sizes in Omaha, NE are 2-bedroom and 1-bedroom, accounting for 42.5% and 23.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,540 | $1,880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $1,540 | $1,680 |
| 4 Bed Rent | $1,500 | $1,500 |
% 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 24. This is a decrease of -35.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $161,000 | 3.0% |
Listing Count | 32 | 21.0% |
| Listings as % of Homes | 0.4% | 21.0% |
Days on Market | 24 | -35.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 9,400, which has increased by 1.3% over the past 5 years. Omaha, NE is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,400 | 1.3% |
% Under 18 | 22.7% | -11.7% |
% Seniors | 14.2% | 46.4% |
% WFH | 10.8% | 260.0% |
% w/ College Degree | 12.6% | 23.5% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly black area, with 39.8% of the population identifying as black. The black population has shrunk by 12.5% in the last 5 years. The second most common race or ethnicity in Omaha, NE is white, making up 28.9% of the population. Foreign-born residents account for 18.5% of the population in Omaha, NE, and this percentage has increased by 105.6% 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 | 28.9% | -10.5% |
% Black | 39.8% | -12.5% |
% Hispanic | 17.1% | 29.5% |
% Asian | 8.9% | 161.8% |
% Foreign Born | 18.5% | 105.6% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 103 mortgage originations in Omaha, NE, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 103 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
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 | 631 |
Total Units Section 8 | 345 |
% Rentals under Section 8 | 21.5% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $900 |
| 2 Bedroom | -$420 | $1,500 | $1,080 |
| 3 Bedroom | -$110 | $1,540 | $1,430 |
| 4 Bedroom | $100 | $1,500 | $1,600 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $142,000 |
| Median Household Income | $36,500 |