Omaha
Nebraska · Ranked #240 of 373 metros
68Moderate
💡
Housing in Omaha costs 3.42× the median income, below the national average of 4.5×. The median home price is $278K and median rent is $1,168/month. Omaha ranks #240 of 373 metros for affordability.
Median Home Price
🏠$278K
Need $75K income
Median Rent
🔑$1,168
Need $44K income
Housing Shortage
📉12,000
units needed
Building Permits
🔨7,197
annual
Median Income
💰$81K
Pop: 967,604
Rent Burden
⚠️27.5%
of renters paying >30%
Price Change (YoY)
📈+4.5%
Homeownership
🏡66.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Omaha | National |
|---|---|---|
| Price-to-Income Ratio | 3.42x | 6.1x |
| Rent Burden | 27.5% | 31.5% |
| Homeownership Rate | 66.0% | 65.5% |
| YoY Price Change | +4.5% | +3.5% |
| YoY Rent Change | +3.5% | +2.8% |
| Mortgage Denial Rate | 12.0% | 13.5% |
| Eviction Rate | 5.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +56.4%Since 2000: +153.6%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,090/mo
1 Bedroom$1,148/mo
2 Bedroom$1,368/mo
3 Bedroom$1,813/mo
4 Bedroom$2,046/mo
Zillow Market Data
Home Value (ZHVI)
$299K
1yr: +1.8%5yr: +32.1%
Rent (ZORI)
$1,394/mo
1yr: +3.5%5yr: +33.8%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$240K
Active Inventory
42
Days on Market
43
Sold Above List
20.0%
Price Drops
19.0%