Omaha, NE—68142
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 $367,000, 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 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $367,000 | -0.3% |
| Single Family | $369,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $357,000 | -0.3% |
3 Bed | $321,000 | 0.0% |
4 Bed | $547,000 | 0.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,970, with a year-over-year rent change of -27.0%. Per bedroom, the median rent as of July '25 in Omaha, NE is 2-bedrooms: $1,760, 3-bedrooms: $1,950, 4-bedrooms: $2,400. The most common rental property sizes in Omaha, NE are 3-bedroom and 2-bedroom, accounting for 78.3% and 21.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $1,970 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,540 | $1,760 |
| 3 Bed Rent | $1,950 | $1,950 |
| 4 Bed Rent | $2,400 | $2,400 |
% 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 47. This is a increase of 14.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $337,000 | -3.0% |
Listing Count | 66 | -38.0% |
| Listings as % of Homes | 2.2% | -38.0% |
Days on Market | 47 | 14.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 4,690, which has increased by 18.2% over the past 5 years. Omaha, NE is a moderately popular place for families, as children make up 19.5% of the population. The area has a highly educated workforce, with 51.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,690 | 18.2% |
% Under 18 | 19.5% | -10.6% |
% Seniors | 12.3% | 1.7% |
% WFH | 19.0% | 555.2% |
% w/ College Degree | 51.2% | 13.8% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 71.8% of the population identifying as white. The white population has shrunk by 15.5% in the last 5 years. The second most common race or ethnicity in Omaha, NE is asian, making up 7.9% of the population. Foreign-born residents account for 8.4% of the population in Omaha, NE, and this percentage has increased by 100.0% 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 | 71.8% | -15.5% |
% Black | 3.9% | 50.0% |
% Hispanic | 7.1% | -1.4% |
% Asian | 7.9% | 229.2% |
% Foreign Born | 8.4% | 100.0% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 224 mortgage originations in Omaha, NE, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 2.0% 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 | 224 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
Omaha, NE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 13.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,380 |
| 2 Bedroom | $110 | $1,540 | $1,650 |
| 3 Bedroom | $240 | $1,950 | $2,190 |
| 4 Bedroom | $40 | $2,400 | $2,440 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $367,000 |
| Median Household Income | $123,000 |