Omaha, NE—68111
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 $130,000, with a year-over-year change of -0.6%. This indicates that home prices in Omaha, NE are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $130,000 | -0.6% |
| Single Family | $130,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $87,000 | -1.1% |
2 Bed | $113,000 | 0.0% |
3 Bed | $144,000 | 0.7% |
4 Bed | $153,000 | 0.7% |
| 5 Bed | $172,000 | 1.2% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,420, with a year-over-year rent change of 10.9%. Per bedroom, the median rent as of July '25 in Omaha, NE is 1-bedrooms: $945, 2-bedrooms: $1,200, 3-bedrooms: $1,500, 4-bedrooms: $1,620. The most common rental property sizes in Omaha, NE are 2-bedroom and 3-bedroom, accounting for 44.1% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $695 | $945 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | $1,600 | $1,620 |
% 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 32. This is a increase of 4.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $170,000 | -7.0% |
Listing Count | 125 | 38.0% |
| Listings as % of Homes | 0.6% | 38.0% |
Days on Market | 32 | 4.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 25,100, which has increased by 16.9% over the past 5 years. Omaha, NE is a popular place for families, as children make up 34.9% of the population. The area has a poorly educated workforce, with 12.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,100 | 16.9% |
% Under 18 | 34.9% | 6.1% |
% Seniors | 9.0% | -11.8% |
% WFH | 12.2% | 369.2% |
% w/ College Degree | 12.4% | 27.8% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly black area, with 52.5% of the population identifying as black. The black population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Omaha, NE is hispanic, making up 20.7% of the population. Foreign-born residents account for 14.0% of the population in Omaha, NE, and this percentage has increased by 35.9% 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 | 17.3% | -25.1% |
% Black | 52.5% | -5.9% |
% Hispanic | 20.7% | 84.8% |
% Asian | 3.2% | -37.3% |
% Foreign Born | 14.0% | 35.9% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 433 mortgage originations in Omaha, NE, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 12.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 433 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 12.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 27.0%. 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 | 1,620 |
Total Units Section 8 | 1,509 |
% Rentals under Section 8 | 27.0% |
% Occupied Section 8 | 77.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $185 | $695 | $880 |
| 2 Bedroom | -$140 | $1,200 | $1,060 |
| 3 Bedroom | -$90 | $1,500 | $1,410 |
| 4 Bedroom | -$40 | $1,600 | $1,560 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $130,000 |
| Median Household Income | $41,000 |