Omaha, NE—68130
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 $445,000, with a year-over-year change of 2.0%. 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 | $445,000 | 2.0% |
| Single Family | $447,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $421,000 | 3.2% |
3 Bed | $323,000 | 0.6% |
4 Bed | $502,000 | 2.2% |
| 5 Bed | $648,000 | 1.2% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $2,020, with a year-over-year rent change of -16.9%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $1,220, 1-bedrooms: $1,320, 2-bedrooms: $2,080, 3-bedrooms: $2,190, 4-bedrooms: $2,610. The most common rental property sizes in Omaha, NE are 2-bedroom and 1-bedroom, accounting for 41.3% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,020 |
| Studio Rent | $1,190 | $1,220 |
| 1 Bed Rent | $1,200 | $1,320 |
| 2 Bed Rent | $2,200 | $2,080 |
| 3 Bed Rent | $2,200 | $2,190 |
| 4 Bed Rent | $2,600 | $2,610 |
% 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 28. This is a decrease of -15.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $560,000 | 13.0% |
Listing Count | 84 | 24.0% |
| Listings as % of Homes | 0.3% | 24.0% |
Days on Market | 28 | -15.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 21,400, which has remained stable by 0.7% over the past 5 years. Omaha, NE is a popular place for families, as children make up 27.4% of the population. The area has a highly educated workforce, with 61.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,400 | 0.7% |
% Under 18 | 27.4% | -3.2% |
% Seniors | 18.1% | 37.1% |
% WFH | 19.5% | 112.0% |
% w/ College Degree | 61.9% | 2.3% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 84.5% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Omaha, NE is hispanic, making up 5.8% of the population. Foreign-born residents account for 6.6% of the population in Omaha, NE, and this percentage has increased by 24.5% 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 | 84.5% | -5.4% |
% Black | 1.4% | -6.7% |
% Hispanic | 5.8% | 190.0% |
% Asian | 5.4% | 8.0% |
% Foreign Born | 6.6% | 24.5% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 168 mortgage originations in Omaha, NE, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Omaha, NE. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 168 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 0.2%. 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 and 3-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 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,200 | $1,460 |
| 2 Bedroom | -$450 | $2,200 | $1,750 |
| 3 Bedroom | $120 | $2,200 | $2,320 |
| 4 Bedroom | -$10 | $2,600 | $2,590 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $445,000 |
| Median Household Income | $134,000 |