Omaha, NE—68132
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 $349,000, with a year-over-year change of 1.7%. This indicates that home prices in Omaha, NE are increasing. 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 | $349,000 | 1.7% |
| Single Family | $354,000 | 2.0% |
| Condos | $227,000 | -3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $219,000 | 2.3% |
3 Bed | $320,000 | 0.9% |
4 Bed | $500,000 | 3.1% |
| 5 Bed | $699,000 | 3.6% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,300, with a year-over-year rent change of 22.6%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $846, 1-bedrooms: $869, 2-bedrooms: $1,530, 3-bedrooms: $2,150, 4-bedrooms: $2,290. The most common rental property sizes in Omaha, NE are 1-bedroom and 2-bedroom, accounting for 37.0% and 36.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,300 |
| Studio Rent | $695 | $846 |
| 1 Bed Rent | $800 | $869 |
| 2 Bed Rent | $1,300 | $1,530 |
| 3 Bed Rent | $1,820 | $2,150 |
| 4 Bed Rent | $2,250 | $2,290 |
% 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 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $436,000 | 0.0% |
Listing Count | 41 | -19.0% |
| Listings as % of Homes | 0.3% | -19.0% |
Days on Market | 28 | 6.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 14,200, which has decreased by -2.2% over the past 5 years. Omaha, NE is a moderately popular place for families, as children make up 24.0% of the population. The area has a highly educated workforce, with 62.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,200 | -2.2% |
% Under 18 | 24.0% | 7.6% |
% Seniors | 12.4% | 29.2% |
% WFH | 15.7% | 121.1% |
% w/ College Degree | 62.7% | 15.7% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 75.4% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Omaha, NE is hispanic, making up 11.4% of the population. Foreign-born residents account for 9.4% of the population in Omaha, NE, and this percentage has decreased by 10.5% 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 | 75.4% | -1.8% |
% Black | 7.5% | -1.3% |
% Hispanic | 11.4% | 67.6% |
% Asian | 3.5% | -51.4% |
% Foreign Born | 9.4% | -10.5% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 210 mortgage originations in Omaha, NE, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 9.0% 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 | 210 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% 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 2.5%. 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 | 190 |
Total Units Section 8 | 64 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $800 | $910 |
| 2 Bedroom | -$210 | $1,300 | $1,090 |
| 3 Bedroom | -$370 | $1,820 | $1,450 |
| 4 Bedroom | -$640 | $2,250 | $1,610 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $349,000 |
| Median Household Income | $81,600 |