Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 485,153, 197,842 total housing units (homes and apartments), and a median house value of $268,495, Omaha real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Omaha, accounting for 63.60% of the city's housing units. Other types of housing that are prevalent in Omaha include large apartment complexes or high rise apartments ( 28.18%), row houses and other attached homes ( 3.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.53%).
The most prevalent building size and type in Omaha are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.53% owning and 43.47% renting.
There is a lot of housing in Omaha built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Omaha built between 1940-1969 ( 29.28%). A lesser amount of the housing stock also hails from before 1939 ( 17.98%). There's also some housing in Omaha built between 2000 and later ( 14.63%).
Appreciation rates for homes in Omaha have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.18%, which ranks in the top 40% nationwide. This equates to an annual average Omaha house appreciation rate of 7.13%.
Over the last year, Omaha appreciation rates have trailed the rest of the nation. In the last twelve months, Omaha's appreciation rate has been 2.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Omaha were at 1.93%, which equates to an annual appreciation rate of 7.96%.
Relative to Nebraska, our data show that Omaha's latest annual appreciation rate is lower than 90% of the other cities and towns in Nebraska.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Omaha differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Omaha - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Omaha real estate investment or home purchase decisions.
$268,495
for Nebraska
for nation
197,842
$1,607 / per month