Omaha, NE—68105
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 $218,000, with a year-over-year change of -0.7%. This indicates that home prices in Omaha, NE are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $218,000 | -0.7% |
| Single Family | $219,000 | 0.0% |
| Condos | $176,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $135,000 | 3.1% |
2 Bed | $190,000 | 0.5% |
3 Bed | $226,000 | -0.4% |
4 Bed | $255,000 | 0.0% |
| 5 Bed | $304,000 | -0.7% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,310, with a year-over-year rent change of 13.9%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $890, 1-bedrooms: $912, 2-bedrooms: $1,360, 3-bedrooms: $1,940, 4-bedrooms: $2,080. The most common rental property sizes in Omaha, NE are 1-bedroom and 2-bedroom, accounting for 34.0% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,040 | $1,310 |
| Studio Rent | $725 | $890 |
| 1 Bed Rent | $850 | $912 |
| 2 Bed Rent | $1,350 | $1,360 |
| 3 Bed Rent | $1,800 | $1,940 |
| 4 Bed Rent | $2,000 | $2,080 |
% 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 35. This is a increase of 48.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $296,000 | 6.0% |
Listing Count | 77 | 48.0% |
| Listings as % of Homes | 0.3% | 48.0% |
Days on Market | 35 | 48.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 21,900, which has decreased by -6.7% over the past 5 years. Omaha, NE is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 35.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | -6.7% |
% Under 18 | 21.9% | -12.7% |
% Seniors | 11.3% | 10.8% |
% WFH | 10.4% | 225.0% |
% w/ College Degree | 35.2% | 19.7% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 59.9% of the population identifying as white. The white population has grown by 13.7% in the last 5 years. The second most common race or ethnicity in Omaha, NE is hispanic, making up 29.0% of the population. Foreign-born residents account for 13.4% of the population in Omaha, NE, and this percentage has decreased by 28.0% 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 | 59.9% | 13.7% |
% Black | 5.5% | -12.7% |
% Hispanic | 29.0% | -14.2% |
% Asian | 1.5% | -37.5% |
% Foreign Born | 13.4% | -28.0% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 273 mortgage originations in Omaha, NE, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 9.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 273 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 3.9%. 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 | 821 |
Total Units Section 8 | 251 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $850 | $980 |
| 2 Bedroom | -$180 | $1,350 | $1,170 |
| 3 Bedroom | -$250 | $1,800 | $1,550 |
| 4 Bedroom | -$270 | $2,000 | $1,730 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $218,000 |
| Median Household Income | $53,300 |