Omaha, NE—68124
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 $331,000, with a year-over-year change of 1.8%. This indicates that home prices in Omaha, NE are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $331,000 | 1.8% |
| Single Family | $335,000 | 1.8% |
| Condos | $167,000 | -5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $248,000 | 1.6% |
3 Bed | $285,000 | 1.8% |
4 Bed | $479,000 | 2.6% |
| 5 Bed | $733,000 | 4.1% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,920, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $745, 1-bedrooms: $994, 2-bedrooms: $1,800, 3-bedrooms: $2,380, 4-bedrooms: $2,640. The most common rental property sizes in Omaha, NE are 1-bedroom and 2-bedroom, accounting for 35.4% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $1,920 |
| Studio Rent | $745 | $745 |
| 1 Bed Rent | $897 | $994 |
| 2 Bed Rent | $1,620 | $1,800 |
| 3 Bed Rent | $2,400 | $2,380 |
| 4 Bed Rent | $2,350 | $2,640 |
% 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 23. 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $397,000 | 4.0% |
Listing Count | 44 | 39.0% |
| Listings as % of Homes | 0.3% | 39.0% |
Days on Market | 23 | -5.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 15,600, which has decreased by -2.4% over the past 5 years. Omaha, NE is a moderately popular place for families, as children make up 23.0% of the population. The area has a highly educated workforce, with 54.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,600 | -2.4% |
% Under 18 | 23.0% | -3.0% |
% Seniors | 21.3% | 3.9% |
% WFH | 15.1% | 277.5% |
% w/ College Degree | 54.6% | 1.9% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 80.5% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Omaha, NE is hispanic, making up 8.5% of the population. Foreign-born residents account for 6.0% of the population in Omaha, NE, and this percentage has increased by 9.1% 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 | 80.5% | -7.3% |
% Black | 5.4% | 25.6% |
% Hispanic | 8.5% | 117.9% |
% Asian | 3.2% | -3.0% |
% Foreign Born | 6.0% | 9.1% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 284 mortgage originations in Omaha, NE, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 284 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 7.5%. 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 | 202 |
Total Units Section 8 | 194 |
% Rentals under Section 8 | 7.5% |
% Occupied Section 8 | 78.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $223 | $897 | $1,120 |
| 2 Bedroom | -$280 | $1,620 | $1,340 |
| 3 Bedroom | -$620 | $2,400 | $1,780 |
| 4 Bedroom | -$370 | $2,350 | $1,980 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $331,000 |
| Median Household Income | $96,300 |