Omaha, NE—68117
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 $211,000, 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 | $211,000 | 1.3% |
| Single Family | $211,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $146,000 | 4.3% |
2 Bed | $190,000 | 2.2% |
3 Bed | $221,000 | 1.4% |
4 Bed | $253,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,910, with a year-over-year rent change of 30.8%. Per bedroom, the median rent as of July '25 in Omaha, NE is 3-bedrooms: $1,820, 4-bedrooms: $2,200. The most common rental property sizes in Omaha, NE are 3-bedroom and 2-bedroom, accounting for 50.4% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,910 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,650 | $1,820 |
| 4 Bed Rent | $2,200 | $2,200 |
% 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 increase of 20.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | 8.0% |
Listing Count | 24 | 41.0% |
| Listings as % of Homes | 0.2% | 41.0% |
Days on Market | 27 | 20.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 8,500, which has decreased by -1.8% over the past 5 years. Omaha, NE is a popular place for families, as children make up 28.0% of the population. The area has a poorly educated workforce, with 15.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,500 | -1.8% |
% Under 18 | 28.0% | -1.1% |
% Seniors | 13.8% | -1.4% |
% WFH | 10.9% | 505.6% |
% w/ College Degree | 15.5% | 42.2% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 50.5% of the population identifying as white. The white population has shrunk by 17.8% in the last 5 years. The second most common race or ethnicity in Omaha, NE is hispanic, making up 44.7% of the population. Foreign-born residents account for 17.0% of the population in Omaha, NE, and this percentage has increased by 17.2% 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 | 50.5% | -17.8% |
% Black | 1.6% | -48.4% |
% Hispanic | 44.7% | 42.8% |
% Asian | 0.2% | -77.8% |
% Foreign Born | 17.0% | 17.2% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 144 mortgage originations in Omaha, NE, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 6.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 144 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
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 | 51 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,180 |
| 2 Bedroom | N/A | N/A | $1,420 |
| 3 Bedroom | $240 | $1,650 | $1,890 |
| 4 Bedroom | -$100 | $2,200 | $2,100 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $211,000 |
| Median Household Income | $73,900 |