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Housing in Omaha

A typical Omaha home is worth roughly $53,000

Typical home value
$53K
NE $281K
Estimate
2-bedroom rent
$960
a month, utilities in · HUD
Median tax bill
$1,013
NE $3,549

What kind of housing town is Omaha?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

A typical home costs 0.8 years of income

Less than across Nebraska (3.7 years). Try your own numbers below.

You could afford about
$229,000
Typical Omaha home $53K

That covers a typical Omaha home, with $176K to spare.

The typical home, each month
$360
Loan $260Tax $80Insurance $20

A two-bedroom rents for about $960 a month here, $600 more than owning.

Where your budget reaches nearby

How Omaha ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Omaha’s typical property tax (1.90% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $960

Renters already here pay a median of $733, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$670
1 bedroom$800
2 bedrooms$960
3 bedrooms$1,190
4 bedrooms$1,270
35%
of households rent · NE 34%
92
renter households
$733
median rent paid today · Census

How Omaha ranks on rent that’s easy to afford →

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Thurston County, NE): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

65% of Omaha households own their home

Half of Omaha’s homes were built before 1963.

Owners and renters
Own 65%Rent 35%

Nebraska: 67% own.

1963
typical home built · NE 1975
$1,013
median property tax bill · NE $3,549
1.90%
of a home’s value, a year in tax · NE 1.49%

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Next door

Omaha vs. its neighbors

Omaha is the 2nd least expensive of 3 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Omaha$53K*—$960$66,932
Winnebago$87K*—$960$65,625
Blackbird$52K*—$1,020$44,688

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Omaha buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Omaha still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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