Omaha, NE—68108
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 $163,000, with a year-over-year change of -2.7%. This indicates that home prices in Omaha, NE are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $163,000 | -2.7% |
| Single Family | $162,000 | -3.0% |
| Condos | $336,000 | 1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $109,000 | -7.6% |
2 Bed | $145,000 | -4.6% |
3 Bed | $175,000 | -2.2% |
4 Bed | $189,000 | -2.1% |
| 5 Bed | $225,000 | -1.7% |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,330, with a year-over-year rent change of -18.4%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $905, 1-bedrooms: $1,090, 2-bedrooms: $1,440, 3-bedrooms: $1,940. The most common rental property sizes in Omaha, NE are 2-bedroom and 1-bedroom, accounting for 30.7% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,330 |
| Studio Rent | $934 | $905 |
| 1 Bed Rent | $915 | $1,090 |
| 2 Bed Rent | $1,200 | $1,440 |
| 3 Bed Rent | $1,520 | $1,940 |
| 4 Bed Rent | N/A | N/A |
% 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 23.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $245,000 | -7.0% |
Listing Count | 36 | 27.0% |
| Listings as % of Homes | 0.4% | 27.0% |
Days on Market | 47 | 23.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 14,000, which has decreased by -8.5% over the past 5 years. Omaha, NE is a popular place for families, as children make up 26.6% of the population. The area has a poorly educated workforce, with 24.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,000 | -8.5% |
% Under 18 | 26.6% | -13.6% |
% Seniors | 12.6% | 53.7% |
% WFH | 8.3% | 151.5% |
% w/ College Degree | 24.3% | 45.5% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly hispanic area, with 46.6% of the population identifying as hispanic. The hispanic population has shrunk by 10.7% in the last 5 years. The second most common race or ethnicity in Omaha, NE is white, making up 45.5% of the population. Foreign-born residents account for 20.8% of the population in Omaha, NE, and this percentage has decreased by 9.6% 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 | 45.5% | 11.0% |
% Black | 2.7% | -3.6% |
% Hispanic | 46.6% | -10.7% |
% Asian | 1.4% | 100.0% |
% Foreign Born | 20.8% | -9.6% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 159 mortgage originations in Omaha, NE, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 37.0% 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 | 159 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 9.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
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 | 443 |
Total Units Section 8 | 273 |
% Rentals under Section 8 | 9.7% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $135 | $915 | $1,050 |
| 2 Bedroom | $60 | $1,200 | $1,260 |
| 3 Bedroom | $150 | $1,520 | $1,670 |
| 4 Bedroom | N/A | N/A | $1,860 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $163,000 |
| Median Household Income | $47,300 |