Housing Market Overview

Housing market data including home prices, rent costs, affordability metrics, and housing stock characteristics.

$224,354
$1,149

Housing Market Overview

Metric Omaha Nebraska Avg US Average
Median Home Price $224,354 $167,658 $242,182
Price Trend (Annual %) 12.1% 8.2% 8.2%
Median Gross Rent $1,149 $1,035 $1,342
Rent Trend (Annual %) 4.9% 4.8% 5.1%
Household Income Trend (Annual %)

Housing Cost & Rent Trends

Median Home Price Over Time
Omaha
Nebraska
United States
Year Omaha Nebraska United States
Median Rent Over Time
Omaha
Nebraska
United States
Year Omaha Nebraska United States

Affordability

On average, housing unit costs 3.1 yearly household incomes in Omaha.

Metric Omaha Nebraska Avg US Average
Median Home Price $224,354 $167,658 $242,182
Median Household Income $73,110 $74,987 $78,145
Price-to-Income Ratio 3.1 2.2 3.1
Home Prices vs Income Over Time
Home Prices
Household Income
Income Growth vs Housing Cost Growth (Year-over-Year %)

Compare income and housing cost trends.

Household Income Growth %
Housing Cost Growth %
Year Income Growth % Housing Cost Growth % Gap (Cost - Income)

Occupancy & Tenure

Metric Omaha Nebraska Avg US Average
Homeownership Rate 54.9% 61.2% 58.2%
Rental Rate 39.6% 30.8% 31.3%
Vacancy Rate 5.6% 8.0% 10.6%
Median Tenure (years) 13.0 14.0 15.0
Median Year Moved In 2013 2012 2011

Housing Stock

Metric Omaha Nebraska Avg US Average
Average Household Size 2.39 people 2.43 people 2.54 people
Median Structure Built Year 1971 1973 1978
Median Number of Rooms 5.8 6.1 5.5