Omaha, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Omaha Neighborhoods Since 2000




Omaha, NE Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Omaha Housing Market Information

With 443,885 people, 173,764 houses or apartments, and a median cost of homes of $151,312, 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 64.32% of the city's housing units. Other types of housing that are prevalent in Omaha include large apartment complexes or high rise apartments ( 26.30%), duplexes, homes converted to apartments or other small apartment buildings ( 4.30%), and a few row houses and other attached homes ( 3.91%).

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 56.36% owning and 43.64% 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 ( 32.55%). A lesser amount of the housing stock also hails from before 1939 ( 21.65%). There's also some housing in Omaha built between 2000 and later ( 7.18%).

Omaha Home Appreciation Rates

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 10.34%, which ranks in the top 30% nationwide. This equates to an annual average Omaha house appreciation rate of 0.99%.

Appreciation rates are so strong in Omaha that despite a nationwide downturn in the housing market, Omaha real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Omaha appreciation rates continue to be some of the highest in America, at 5.75%, which is higher than appreciation rates in 71.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Omaha. Omaha appreciation rates in the latest quarter were at 1.69%, which equates to an annual appreciation rate of 6.94%.

Importantly, this makes Omaha one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Nebraska, our data show that Omaha's latest annual appreciation rate is higher than 50% 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.

Average Home Values

 

Median Home Value:
$151,312

Omaha, NE HOME PRICES

Value Range
> $1,138,000 0.5
$853,001 - $1,138,000 0.6
$569,001 - $853,000 1.6
$455,001 - $569,000 1.5
$341,001 - $455,000 3.6
$228,001 - $341,000 12.3
$114,001 - $228,000 48.9
$57,001 - $114,000 23.5
$0 - $57,000 7.6

High for NE
Average for Nation

Value Relative to Nation Value Relative to State
49.4081800070315 25.1282051282051

Number Of Homes And Apartments:
173,764

Omaha Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NE*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
35.28% 1.77% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,033 / per month

Homeownership Rate

Homeownership
Owners 56.36
Renters 43.64
Vacant 7.75

Housing Market Details

 

Age of Homes

AGE OF Omaha HOMES
2000 or Newer 7.2
1970 - 1999 38.6
1940 - 1969 32.6
1939 or Older 21.6

Types of Homes

TYPE OF Omaha HOMES
Single-Family 64.3
Townhomes 3.9
Small Apt. Buildings 4.3
Apt. Complexes 26.3
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Omaha HOMES
No Bedroom 2.44
1 Bedroom 16.61
2 Bedrooms 25.13
3 Bedrooms 36.32
4 Bedrooms 15.58
5 or more bedrooms 3.92