Omaha, NE—68138
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 $283,000, with a year-over-year change of 0.8%. This indicates that home prices in Omaha, NE are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $283,000 | 0.8% |
| 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 | $247,000 | 1.6% |
3 Bed | $278,000 | 0.7% |
4 Bed | $366,000 | 0.3% |
| 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 $1,570, with a year-over-year rent change of -16.0%. Per bedroom, the median rent as of July '25 in Omaha, NE is studios: $1,070, 1-bedrooms: $1,300, 2-bedrooms: $939, 3-bedrooms: $2,100, 4-bedrooms: $1,940. The most common rental property sizes in Omaha, NE are 1-bedroom and 2-bedroom, accounting for 42.4% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,440 | $1,570 |
| Studio Rent | $1,070 | $1,070 |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $939 | $939 |
| 3 Bed Rent | $1,950 | $2,100 |
| 4 Bed Rent | $1,940 | $1,940 |
% 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 36. This is a decrease of -26.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $336,000 | -30.0% |
Listing Count | 60 | 33.0% |
| Listings as % of Homes | 0.7% | 33.0% |
Days on Market | 36 | -26.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 11,600, which has decreased by -6.2% over the past 5 years. Omaha, NE is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 36.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,600 | -6.2% |
% Under 18 | 22.2% | -18.4% |
% Seniors | 9.5% | 53.2% |
% WFH | 8.9% | 169.7% |
% w/ College Degree | 36.6% | 3.1% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 84.1% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Omaha, NE is hispanic, making up 8.7% of the population. Foreign-born residents account for 3.4% of the population in Omaha, NE, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.1% | -1.8% |
% Black | 0.7% | -66.7% |
% Hispanic | 8.7% | 14.5% |
% Asian | 1.9% | 58.3% |
% Foreign Born | 3.4% | 0.0% |
Mortgage and Risk — Omaha, NE
Omaha, NE lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Omaha, NE
As of 2024, the percent of homes in Omaha, NE under the Section 8 program is 0.4%. 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. 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 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$310 | $1,300 | $990 |
| 2 Bedroom | $251 | $939 | $1,190 |
| 3 Bedroom | -$370 | $1,950 | $1,580 |
| 4 Bedroom | -$180 | $1,940 | $1,760 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $283,000 |
| Median Household Income | $82,600 |