Omaha, NE housing market
Typical home value
$295K
▲ 2.3% 1 yr
Typical rent
$1,389/mo
▲ 1.8% 1 yr
Gross rent yield
5.7%
U.S. 6.3%
5-year home value change
+23%
U.S. +20%
Key takeaways
- 1The typical home in Omaha is worth $294,607, up 2.3% over the past year and up 23% over five years.
- 2Typical rent is $1,389 a month (+1.8% YoY), a gross rent yield of 5.7% (above the Omaha, NE metro's 5.5%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,619/mo, $230 more than typical rent.
- 4Zillow forecasts the Omaha, NE metro's home values to change +2.8% over the next 12 months.
Market temperature (Omaha, NE metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 38/100, #315 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Omaha compares
| Measure | Omaha | Omaha, NE metro | United States |
|---|---|---|---|
| Typical home value | $294,607 | $306,318 | $366,157 |
| Home value, 1-yr change | +2.3% | +2.7% | +1.2% |
| Typical rent | $1,389 | $1,398 | $1,932 |
| Rent, 1-yr change | +1.8% | +1.7% | +2.7% |
| Gross rent yield | 5.7% | 5.5% | 6.3% |
| Price-to-rent ratio | 17.7 | 18.3 | 15.8 |
| Mortgage P&I, typical home | $1,619 | $1,683 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Omaha rental, pre-filled.
Rent vs buy in Omaha
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $295K home.
Other cities in the Omaha, NE metro
Council Bluffs, IA
$228K home$1,335 rent
▲ 2.6% 1 yr
Bellevue, NE
$299K home$1,401 rent
▲ 3.3% 1 yr
Papillion, NE
$413K home$1,659 rent
▲ 2.6% 1 yr
La Vista, NE
$308K home$1,378 rent
▲ 3.3% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.