Omaha, NE—68112
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 $180,000, with a year-over-year change of 0.3%. This indicates that home prices in Omaha, NE are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $180,000 | 0.3% |
| Single Family | $180,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $153,000 | 2.7% |
2 Bed | $156,000 | 0.6% |
3 Bed | $184,000 | 0.0% |
4 Bed | $209,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Omaha, NE
As of July '25, Rentcast reports the average rent in Omaha, NE is $1,550, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Omaha, NE is 1-bedrooms: $1,200, 2-bedrooms: $1,200, 3-bedrooms: $1,720, 4-bedrooms: $1,800. The most common rental property sizes in Omaha, NE are 3-bedroom and 2-bedroom, accounting for 34.9% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $1,200 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $1,700 | $1,720 |
| 4 Bed Rent | $1,800 | $1,800 |
% 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 24. This is a decrease of -18.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $205,000 | -1.0% |
Listing Count | 39 | 6.0% |
| Listings as % of Homes | 0.5% | 6.0% |
Days on Market | 24 | -18.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 12,300, which has increased by 6.7% over the past 5 years. Omaha, NE is a popular place for families, as children make up 32.4% of the population. The area has a moderately educated workforce, with 25.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,300 | 6.7% |
% Under 18 | 32.4% | 17.0% |
% Seniors | 16.3% | 9.4% |
% WFH | 12.0% | 126.4% |
% w/ College Degree | 25.0% | 37.4% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 58.7% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Omaha, NE is black, making up 22.5% of the population. Foreign-born residents account for 5.4% of the population in Omaha, NE, and this percentage has decreased by 11.5% 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 | 58.7% | -0.7% |
% Black | 22.5% | -14.8% |
% Hispanic | 10.5% | 15.4% |
% Asian | 0.9% | -25.0% |
% Foreign Born | 5.4% | -11.5% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 166 mortgage originations in Omaha, NE, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Omaha, NE. Investor activity is low, as 6.0% 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 | 166 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 6.0% |
% 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 26.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Omaha, NE, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 376 |
Total Units Section 8 | 316 |
% Rentals under Section 8 | 26.0% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $165 | $995 | $1,160 |
| 2 Bedroom | $190 | $1,200 | $1,390 |
| 3 Bedroom | $150 | $1,700 | $1,850 |
| 4 Bedroom | $250 | $1,800 | $2,050 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $180,000 |
| Median Household Income | $57,700 |