Omaha, NE—68135
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 $380,000, with a year-over-year change of 0.6%. This indicates that home prices in Omaha, NE are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $380,000 | 0.6% |
| Single Family | $383,000 | 1.1% |
| Condos | $224,000 | -0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $287,000 | 1.1% |
3 Bed | $311,000 | 0.3% |
4 Bed | $432,000 | 0.7% |
| 5 Bed | $499,000 | -0.4% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $2,500, with a year-over-year rent change of 8.7%. Per bedroom, the median rent as of July '25 in Omaha, NE is 1-bedrooms: $1,310, 2-bedrooms: $1,800, 3-bedrooms: $2,170, 4-bedrooms: $3,250. The most common rental property sizes in Omaha, NE are 3-bedroom and 2-bedroom, accounting for 47.2% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,280 | $1,310 |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $2,100 | $2,170 |
| 4 Bed Rent | $2,970 | $3,250 |
% 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 43. This is a increase of 23.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $495,000 | 15.0% |
Listing Count | 156 | 45.0% |
| Listings as % of Homes | 0.5% | 45.0% |
Days on Market | 43 | 23.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 30,000, which has increased by 3.4% over the past 5 years. Omaha, NE is a popular place for families, as children make up 29.1% of the population. The area has a highly educated workforce, with 57.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,000 | 3.4% |
% Under 18 | 29.1% | -6.4% |
% Seniors | 9.3% | 9.4% |
% WFH | 16.5% | 236.7% |
% w/ College Degree | 57.1% | -3.4% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 83.0% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Omaha, NE is asian, making up 6.2% of the population. Foreign-born residents account for 6.0% of the population in Omaha, NE, and this percentage has increased by 20.0% 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 | 83.0% | -5.1% |
% Black | 1.7% | -5.6% |
% Hispanic | 4.5% | 2.3% |
% Asian | 6.2% | 72.2% |
% Foreign Born | 6.0% | 20.0% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 320 mortgage originations in Omaha, NE, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 320 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 1.0%. 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 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 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,280 | $1,580 |
| 2 Bedroom | $90 | $1,800 | $1,890 |
| 3 Bedroom | $410 | $2,100 | $2,510 |
| 4 Bedroom | -$180 | $2,970 | $2,790 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $380,000 |
| Median Household Income | $140,000 |