Omaha, NE—68144
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 $302,000, with a year-over-year change of 1.9%. This indicates that home prices in Omaha, NE are increasing. 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 | $302,000 | 1.9% |
| Single Family | $304,000 | 2.0% |
| Condos | $161,000 | -1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $232,000 | 1.8% |
3 Bed | $286,000 | 1.8% |
4 Bed | $358,000 | 2.9% |
| 5 Bed | $425,000 | 2.4% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,540, with a year-over-year rent change of -15.8%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $822, 1-bedrooms: $1,120, 2-bedrooms: $1,190, 3-bedrooms: $1,990, 4-bedrooms: $2,260. The most common rental property sizes in Omaha, NE are 1-bedroom and 2-bedroom, accounting for 33.8% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,220 | $1,540 |
| Studio Rent | $769 | $822 |
| 1 Bed Rent | $919 | $1,120 |
| 2 Bed Rent | $1,200 | $1,190 |
| 3 Bed Rent | $1,950 | $1,990 |
| 4 Bed Rent | $2,200 | $2,260 |
% 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 30. This is a increase of 9.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $332,000 | 1.0% |
Listing Count | 73 | 14.0% |
| Listings as % of Homes | 0.3% | 14.0% |
Days on Market | 30 | 9.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 25,500, which has increased by 6.7% over the past 5 years. Omaha, NE is a moderately popular place for families, as children make up 24.2% of the population. The area has a highly educated workforce, with 46.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,500 | 6.7% |
% Under 18 | 24.2% | 5.2% |
% Seniors | 18.2% | 4.6% |
% WFH | 14.5% | 253.7% |
% w/ College Degree | 46.3% | 3.6% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 84.0% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Omaha, NE is hispanic, making up 6.8% of the population. Foreign-born residents account for 4.8% of the population in Omaha, NE, and this percentage has decreased by 7.7% 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 | 84.0% | -5.6% |
% Black | 3.9% | 30.0% |
% Hispanic | 6.8% | 44.7% |
% Asian | 2.2% | 69.2% |
% Foreign Born | 4.8% | -7.7% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 357 mortgage originations in Omaha, NE, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% 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. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 357 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% 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 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 | 120 |
Total Units Section 8 | 89 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 86.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $81 | $919 | $1,000 |
| 2 Bedroom | $0 | $1,200 | $1,200 |
| 3 Bedroom | -$360 | $1,950 | $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 | $302,000 |
| Median Household Income | $81,900 |