Omaha, NE—68116
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 $372,000, with a year-over-year change of 1.3%. This indicates that home prices in Omaha, NE are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $372,000 | 1.3% |
| Single Family | $375,000 | 1.4% |
| Condos | $239,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $349,000 | 1.5% |
2 Bed | $298,000 | 1.0% |
3 Bed | $323,000 | 1.3% |
4 Bed | $430,000 | 1.2% |
| 5 Bed | $512,000 | 0.4% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $2,100, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $1,140, 1-bedrooms: $1,300, 2-bedrooms: $2,060, 3-bedrooms: $2,120, 4-bedrooms: $2,780. The most common rental property sizes in Omaha, NE are 2-bedroom and 1-bedroom, accounting for 42.8% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,100 |
| Studio Rent | $1,050 | $1,140 |
| 1 Bed Rent | $1,290 | $1,300 |
| 2 Bed Rent | $2,060 | $2,060 |
| 3 Bed Rent | $2,100 | $2,120 |
| 4 Bed Rent | $2,600 | $2,780 |
% 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 34. This is a decrease of -18.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $396,000 | 2.0% |
Listing Count | 183 | 6.0% |
| Listings as % of Homes | 0.7% | 6.0% |
Days on Market | 34 | -18.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 34,200, which has increased by 12.5% over the past 5 years. Omaha, NE is a popular place for families, as children make up 28.6% of the population. The area has a highly educated workforce, with 54.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,200 | 12.5% |
% Under 18 | 28.6% | -1.0% |
% Seniors | 11.6% | 22.1% |
% WFH | 19.6% | 402.6% |
% w/ College Degree | 54.5% | -2.9% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 77.1% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Omaha, NE is black, making up 6.5% of the population. Foreign-born residents account for 8.3% of the population in Omaha, NE, and this percentage has increased by 23.9% 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 | 77.1% | -6.4% |
% Black | 6.5% | 44.4% |
% Hispanic | 6.1% | 19.6% |
% Asian | 5.7% | -3.4% |
% Foreign Born | 8.3% | 23.9% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 181 mortgage originations in Omaha, NE, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Omaha, NE. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 181 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 6.3%. 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. In Omaha, NE, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 176 |
Total Units Section 8 | 176 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,290 | $1,260 |
| 2 Bedroom | -$550 | $2,060 | $1,510 |
| 3 Bedroom | -$90 | $2,100 | $2,010 |
| 4 Bedroom | -$370 | $2,600 | $2,230 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $372,000 |
| Median Household Income | $119,000 |