Omaha, NE—68131
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 0.9%. This indicates that home prices in Omaha, NE are flat. 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 | 0.9% |
| Single Family | $214,000 | -0.5% |
| Condos | $196,000 | 5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $156,000 | 6.1% |
2 Bed | $202,000 | 4.1% |
3 Bed | $205,000 | 1.0% |
4 Bed | $235,000 | -2.1% |
| 5 Bed | $293,000 | -2.7% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,190, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $984, 1-bedrooms: $994, 2-bedrooms: $1,260, 3-bedrooms: $1,760, 4-bedrooms: $2,220. The most common rental property sizes in Omaha, NE are 1-bedroom and 2-bedroom, accounting for 38.7% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,040 | $1,190 |
| Studio Rent | $1,020 | $984 |
| 1 Bed Rent | $895 | $994 |
| 2 Bed Rent | $1,180 | $1,260 |
| 3 Bed Rent | $1,750 | $1,760 |
| 4 Bed Rent | $2,300 | $2,220 |
% 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 33. This is a increase of 6.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $239,000 | -10.0% |
Listing Count | 56 | 54.0% |
| Listings as % of Homes | 0.3% | 54.0% |
Days on Market | 33 | 6.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 13,900, which has increased by 3.2% over the past 5 years. Omaha, NE is a less popular place for families, as children make up 14.7% of the population. The area has a highly educated workforce, with 46.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,900 | 3.2% |
% Under 18 | 14.7% | -23.8% |
% Seniors | 10.2% | 29.1% |
% WFH | 9.7% | 115.6% |
% w/ College Degree | 46.4% | 44.1% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 59.5% of the population identifying as white. The white population has grown by 9.0% in the last 5 years. The second most common race or ethnicity in Omaha, NE is black, making up 21.7% of the population. Foreign-born residents account for 16.9% of the population in Omaha, NE, and this percentage has decreased by 12.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.5% | 9.0% |
% Black | 21.7% | 12.4% |
% Hispanic | 9.8% | -24.6% |
% Asian | 6.3% | -35.1% |
% Foreign Born | 16.9% | -12.4% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 90 mortgage originations in Omaha, NE, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is high, as 21.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 21.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 5.3%. 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. 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 | 432 |
Total Units Section 8 | 344 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 81.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $55 | $895 | $950 |
| 2 Bedroom | -$40 | $1,180 | $1,140 |
| 3 Bedroom | -$240 | $1,750 | $1,510 |
| 4 Bedroom | -$610 | $2,300 | $1,690 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $211,000 |
| Median Household Income | $47,800 |