Omaha, NE—68134
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 $250,000, with a year-over-year change of -0.3%. 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 | $250,000 | -0.3% |
| Single Family | $251,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $220,000 | 0.5% |
3 Bed | $247,000 | 0.0% |
4 Bed | $292,000 | 0.0% |
| 5 Bed | $334,000 | 1.5% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,050, with a year-over-year rent change of -14.6%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $802, 1-bedrooms: $830, 2-bedrooms: $1,200, 3-bedrooms: $1,670, 4-bedrooms: $2,200. The most common rental property sizes in Omaha, NE are 2-bedroom and 1-bedroom, accounting for 41.3% and 35.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $845 | $1,050 |
| Studio Rent | $745 | $802 |
| 1 Bed Rent | $810 | $830 |
| 2 Bed Rent | $950 | $1,200 |
| 3 Bed Rent | $1,600 | $1,670 |
| 4 Bed Rent | $2,200 | $2,200 |
% 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 27. This is a decrease of -8.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | 0.0% |
Listing Count | 75 | 31.0% |
| Listings as % of Homes | 0.2% | 31.0% |
Days on Market | 27 | -8.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 30,200, which has increased by 4.0% over the past 5 years. Omaha, NE is a popular place for families, as children make up 25.6% of the population. The area has a moderately educated workforce, with 30.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,200 | 4.0% |
% Under 18 | 25.6% | 14.3% |
% Seniors | 14.3% | 3.6% |
% WFH | 12.2% | 293.5% |
% w/ College Degree | 30.7% | -3.2% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 66.0% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Omaha, NE is black, making up 14.6% of the population. Foreign-born residents account for 7.3% of the population in Omaha, NE, and this percentage has increased by 17.7% 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 | 66.0% | -5.3% |
% Black | 14.6% | -26.6% |
% Hispanic | 10.1% | 46.4% |
% Asian | 2.3% | 64.3% |
% Foreign Born | 7.3% | 17.7% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 217 mortgage originations in Omaha, NE, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% 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. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 217 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 11.4%. 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 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Omaha, NE, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 794 |
Total Units Section 8 | 638 |
% Rentals under Section 8 | 11.4% |
% Occupied Section 8 | 79.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $810 | $1,000 |
| 2 Bedroom | $250 | $950 | $1,200 |
| 3 Bedroom | -$10 | $1,600 | $1,590 |
| 4 Bedroom | -$430 | $2,200 | $1,770 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $250,000 |
| Median Household Income | $67,400 |