Omaha, NE—68114
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 $300,000, with a year-over-year change of 0.1%. This indicates that home prices in Omaha, NE are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $300,000 | 0.1% |
| Single Family | $295,000 | -0.7% |
| Condos | $385,000 | 6.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $277,000 | 1.5% |
3 Bed | $257,000 | -1.2% |
4 Bed | $513,000 | 1.2% |
| 5 Bed | $836,000 | 2.2% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,520, with a year-over-year rent change of 9.4%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $1,180, 1-bedrooms: $1,020, 2-bedrooms: $1,460, 3-bedrooms: $1,970, 4-bedrooms: $2,630. The most common rental property sizes in Omaha, NE are 2-bedroom and 1-bedroom, accounting for 44.9% and 35.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,320 | $1,520 |
| Studio Rent | $870 | $1,180 |
| 1 Bed Rent | $885 | $1,020 |
| 2 Bed Rent | $1,430 | $1,460 |
| 3 Bed Rent | $1,900 | $1,970 |
| 4 Bed Rent | $2,630 | $2,630 |
% 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 21. This is a decrease of -5.0% 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 4.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $602,000 | 25.0% |
Listing Count | 55 | 26.0% |
| Listings as % of Homes | 0.3% | 26.0% |
Days on Market | 21 | -5.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 17,400, which has decreased by -2.4% over the past 5 years. Omaha, NE is a moderately popular place for families, as children make up 16.8% of the population. The area has a highly educated workforce, with 51.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,400 | -2.4% |
% Under 18 | 16.8% | -18.8% |
% Seniors | 22.0% | 11.1% |
% WFH | 14.0% | 508.7% |
% w/ College Degree | 51.7% | 10.9% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 79.0% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Omaha, NE is black, making up 7.7% of the population. Foreign-born residents account for 6.6% of the population in Omaha, NE, and this percentage has decreased by 23.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.0% | -2.6% |
% Black | 7.7% | 2.7% |
% Hispanic | 6.7% | 26.4% |
% Asian | 3.0% | -3.2% |
% Foreign Born | 6.6% | -23.3% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 192 mortgage originations in Omaha, NE, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 25.0% 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. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 192 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 5.0% |
% 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 5.8%. 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 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 | 298 |
Total Units Section 8 | 246 |
% Rentals under Section 8 | 5.8% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $295 | $885 | $1,180 |
| 2 Bedroom | -$10 | $1,430 | $1,420 |
| 3 Bedroom | -$10 | $1,900 | $1,890 |
| 4 Bedroom | -$530 | $2,630 | $2,100 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $300,000 |
| Median Household Income | $73,400 |