Omaha, NE—68122
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 $280,000, with a year-over-year change of 0.7%. This indicates that home prices in Omaha, NE are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $280,000 | 0.7% |
| Single Family | $280,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $263,000 | 2.7% |
3 Bed | $272,000 | 0.7% |
4 Bed | $338,000 | 1.5% |
| 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 $1,690, with a year-over-year rent change of -22.1%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $1,000, 1-bedrooms: $1,080, 2-bedrooms: $1,760, 3-bedrooms: $2,180, 4-bedrooms: $2,500. The most common rental property sizes in Omaha, NE are 3-bedroom and 2-bedroom, accounting for 35.0% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $1,690 |
| Studio Rent | $1,000 | $1,000 |
| 1 Bed Rent | $1,030 | $1,080 |
| 2 Bed Rent | $1,840 | $1,760 |
| 3 Bed Rent | $2,200 | $2,180 |
| 4 Bed Rent | $2,500 | $2,500 |
% 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 31. This is a increase of 28.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | 1.0% |
Listing Count | 71 | 46.0% |
| Listings as % of Homes | 1.3% | 46.0% |
Days on Market | 31 | 28.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 12,500, which has increased by 5.4% over the past 5 years. Omaha, NE is a popular place for families, as children make up 30.1% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,500 | 5.4% |
% Under 18 | 30.1% | -3.5% |
% Seniors | 9.3% | 5.7% |
% WFH | 16.7% | 363.9% |
% w/ College Degree | 32.2% | -23.3% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 47.5% of the population identifying as white. The white population has shrunk by 19.1% in the last 5 years. The second most common race or ethnicity in Omaha, NE is black, making up 23.3% of the population. Foreign-born residents account for 12.4% of the population in Omaha, NE, and this percentage has increased by 7.8% 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 | 47.5% | -19.1% |
% Black | 23.3% | -1.7% |
% Hispanic | 10.5% | 72.1% |
% Asian | 11.7% | 105.3% |
% Foreign Born | 12.4% | 7.8% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 424 mortgage originations in Omaha, NE, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 33.0% above 90% LTV (very high). This implies large 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 | 424 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% 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 57.0%. 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 | 423 |
Total Units Section 8 | 417 |
% Rentals under Section 8 | 57.0% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,030 | $1,230 |
| 2 Bedroom | -$360 | $1,840 | $1,480 |
| 3 Bedroom | -$230 | $2,200 | $1,970 |
| 4 Bedroom | -$310 | $2,500 | $2,190 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $280,000 |
| Median Household Income | $103,000 |