Omaha housing market
Typical home value
$306K
▲ 2.7% 1 yr
Typical rent
$1,398/mo
▲ 1.7% 1 yr
12-month forecast
+2.8%
#157 of 546 metros
Gross rent yield
5.5%
#345 of 546 · U.S. 6.3%
Days to pending
32 days
▼ −1 day 1 yr
Listings with a price cut
32%
▲ +1.0 pts 1 yr
Key takeaways
- 1The typical home is worth $306,318, up 2.7% in a year and up 25% over five years.
- 2Zillow forecasts home values rising 2.8% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,398/mo (+1.7% YoY), a 5.5% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,683/mo in principal and interest, $285 more than renting.
- 5Homes go under contract in 32 days (−1 day vs last year); 32% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Omaha compares
| Measure | Omaha | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.7% | +1.2% | #227 |
| Home value, 5-yr change | +24.5% | +19.7% | |
| 12-month forecast | +2.8% | +1.1% | #157 |
| Rent, 1-yr change | +1.7% | +2.7% | #437 |
| Gross rent yield | 5.5% | 6.3% | #345 |
| Price-to-rent ratio | 18.3 | 15.8 | |
| Mortgage P&I on typical home | $1,683 | $2,012 | |
| Income needed to buy | $94,046 | $100,902 | |
| Days to pending | 32 | 56 |
Cities in the Omaha metro
5 cities with home value and rent data.
| Omaha | $295K | ▲ 2.3% | $1,389 | ▲ 1.8% | 5.7% |
| Council Bluffs | $228K | ▲ 2.6% | $1,335 | ▲ 2.9% | 7.0% |
| Bellevue | $299K | ▲ 3.3% | $1,401 | ▼ 0.9% | 5.6% |
| Papillion | $413K | ▲ 2.6% | $1,659 | ▲ 0.1% | 4.8% |
| La Vista | $308K | ▲ 3.3% | $1,378 | ▲ 2.1% | 5.4% |
Run the numbers
Rental property calculator
Cash flow on a typical Omaha rental ($306K, $1,398/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Omaha home.
Rent vs buy
Is it cheaper to rent or buy in Omaha?
Other Nebraska metros
Lincoln, NE
$301K home$1,281 rent5.1% yield
▲ 3.1% 1 yr
Grand Island, NE
$255K home$1,340 rent6.3% yield
■ 0.0% 1 yr
Kearney, NE
$299K home$1,686 rent6.8% yield
▲ 6.3% 1 yr
Fremont, NE
$240K home$1,203 rent6.0% yield
▲ 3.5% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.