Omaha, NE—68164
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 $284,000, with a year-over-year change of -0.4%. This indicates that home prices in Omaha, NE are flat. 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 | $284,000 | -0.4% |
| Single Family | $284,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $295,000 | 1.4% |
3 Bed | $271,000 | -0.4% |
4 Bed | $406,000 | 1.8% |
| 5 Bed | $462,000 | 0.2% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,620, with a year-over-year rent change of -11.5%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $1,140, 1-bedrooms: $1,080, 2-bedrooms: $1,520, 3-bedrooms: $2,090, 4-bedrooms: $2,350. The most common rental property sizes in Omaha, NE are 2-bedroom and 1-bedroom, accounting for 37.5% and 37.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,520 | $1,620 |
| Studio Rent | $1,140 | $1,140 |
| 1 Bed Rent | $1,150 | $1,080 |
| 2 Bed Rent | $1,440 | $1,520 |
| 3 Bed Rent | $2,040 | $2,090 |
| 4 Bed Rent | $2,100 | $2,350 |
% 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 28. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $338,000 | 11.0% |
Listing Count | 85 | 52.0% |
| Listings as % of Homes | 0.3% | 52.0% |
Days on Market | 28 | -1.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 28,800, which has decreased by -1.3% over the past 5 years. Omaha, NE is a moderately popular place for families, as children make up 24.8% of the population. The area has a moderately educated workforce, with 44.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,800 | -1.3% |
% Under 18 | 24.8% | 0.0% |
% Seniors | 14.1% | 28.2% |
% WFH | 14.8% | 322.9% |
% w/ College Degree | 44.9% | 3.7% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 72.6% of the population identifying as white. The white population has shrunk by 8.2% in the last 5 years. The second most common race or ethnicity in Omaha, NE is black, making up 11.5% of the population. Foreign-born residents account for 8.0% of the population in Omaha, NE, and this percentage has increased by 50.9% 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 | 72.6% | -8.2% |
% Black | 11.5% | 19.8% |
% Hispanic | 8.3% | 50.9% |
% Asian | 3.6% | 44.0% |
% Foreign Born | 8.0% | 50.9% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 175 mortgage originations in Omaha, NE, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 1.0% 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 | 175 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 2.2%. 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 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 185 |
Total Units Section 8 | 116 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,150 | $1,190 |
| 2 Bedroom | -$10 | $1,440 | $1,430 |
| 3 Bedroom | -$140 | $2,040 | $1,900 |
| 4 Bedroom | $10 | $2,100 | $2,110 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $284,000 |
| Median Household Income | $88,700 |