Omaha, NE—68157
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 1.5%. This indicates that home prices in Omaha, NE are increasing. 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 | $284,000 | 1.5% |
| Single Family | $285,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $238,000 | 2.1% |
3 Bed | $274,000 | 1.9% |
4 Bed | $361,000 | 1.4% |
| 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 $1,350, with a year-over-year rent change of 19.5%. Per bedroom, the median rent as of July '25 in Omaha, NE is 1-bedrooms: $893, 3-bedrooms: $2,020, 4-bedrooms: $3,200. The most common rental property sizes in Omaha, NE are 3-bedroom and 1-bedroom, accounting for 62.9% and 19.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $1,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $893 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,800 | $2,020 |
| 4 Bed Rent | $3,200 | $3,200 |
% 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 40. This is a decrease of -24.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $393,000 | -5.0% |
Listing Count | 21 | -14.0% |
| Listings as % of Homes | 0.3% | -14.0% |
Days on Market | 40 | -24.0% |
Demographics — Omaha, NE
As of the latest ACS Survey released in 2023, Omaha, NE has a population of 5,340, which has decreased by -16.7% over the past 5 years. Omaha, NE is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 31.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,340 | -16.7% |
% Under 18 | 20.6% | -16.9% |
% Seniors | 16.2% | 32.8% |
% WFH | 11.7% | 244.1% |
% w/ College Degree | 31.1% | 3.3% |
As of the latest ACS Survey released in 2023, Omaha, NE is a predominantly white area, with 65.0% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Omaha, NE is hispanic, making up 21.3% of the population. Foreign-born residents account for 8.2% of the population in Omaha, NE, and this percentage has decreased by 34.4% 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 | 65.0% | -5.7% |
% Black | 3.8% | 18.8% |
% Hispanic | 21.3% | 21.0% |
% Asian | 0.8% | -88.1% |
% Foreign Born | 8.2% | -34.4% |
Mortgage and Risk — Omaha, NE
According to HUD data as of 2023, there were 64 mortgage originations in Omaha, NE, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 33.0% 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 | 64 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
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 | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $375 | $895 | $1,270 |
| 2 Bedroom | N/A | N/A | $1,520 |
| 3 Bedroom | $220 | $1,800 | $2,020 |
| 4 Bedroom | -$950 | $3,200 | $2,250 |
Affordability — Omaha, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $284,000 |
| Median Household Income | $96,100 |