Omaha, NE—68154
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 $347,000, with a year-over-year change of 1.3%. This indicates that home prices in Omaha, NE are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $347,000 | 1.3% |
| Single Family | $354,000 | 1.1% |
| Condos | $200,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $259,000 | 0.4% |
3 Bed | $309,000 | 1.0% |
4 Bed | $420,000 | 1.7% |
| 5 Bed | $567,000 | 0.0% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,360, with a year-over-year rent change of -24.4%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $760, 1-bedrooms: $960, 2-bedrooms: $1,180, 3-bedrooms: $2,150, 4-bedrooms: $3,200. The most common rental property sizes in Omaha, NE are 1-bedroom and 2-bedroom, accounting for 49.4% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,360 |
| Studio Rent | $760 | $760 |
| 1 Bed Rent | $875 | $960 |
| 2 Bed Rent | $1,100 | $1,180 |
| 3 Bed Rent | $2,200 | $2,150 |
| 4 Bed Rent | $3,200 | $3,200 |
% 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 43. This is a increase of 8.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | -4.0% |
Listing Count | 76 | 24.0% |
| Listings as % of Homes | 0.2% | 24.0% |
Days on Market | 43 | 8.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 23,200, which has remained stable by 0.3% over the past 5 years. Omaha, NE is a moderately popular place for families, as children make up 21.1% 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 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,200 | 0.3% |
% Under 18 | 21.1% | 1.9% |
% Seniors | 19.9% | 14.4% |
% WFH | 13.3% | 329.0% |
% w/ College Degree | 51.2% | -8.2% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 79.2% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Omaha, NE is black, making up 6.1% of the population. Foreign-born residents account for 7.4% of the population in Omaha, NE, and this percentage has decreased by 9.8% 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 | 79.2% | -4.0% |
% Black | 6.1% | 3.4% |
% Hispanic | 6.1% | 15.1% |
% Asian | 3.3% | -25.0% |
% Foreign Born | 7.4% | -9.8% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 62 mortgage originations in Omaha, NE, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 5.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 62 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 1.5%. 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 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 | 30 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $165 | $875 | $1,040 |
| 2 Bedroom | $150 | $1,100 | $1,250 |
| 3 Bedroom | -$540 | $2,200 | $1,660 |
| 4 Bedroom | -$1,350 | $3,200 | $1,850 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $347,000 |
| Median Household Income | $82,500 |