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These days, finding an affordable place to live in the Omaha area can be challenging. Home prices in Omaha are now at a median cost of $101,466, lower than the Illinois average of $300,242.
The average cost of rent is $1,173/mo in Omaha, primarily driven by the current value of real estate in the Omaha area. In Omaha, 12.14% of households rent, and 59.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Omaha is $11,801 per month. Households that rent pay about 9.94% of their income on rent here. Omaha’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Elba, IL: higher priced homes
- Norris City, IL: higher priced homes
- Ridgway, IL: less expensive homes
- New Haven, IL: equally priced homes
- Texas City, IL: higher priced homes
- Emma, IL: higher priced homes
- Eldorado, IL: higher priced homes
- Broughton, IL: higher priced homes
- Equality, IL: equally priced homes
- Junction, IL: less expensive homes
Cities with Similar Populations
- Lagunitas, CA: higher priced homes
- Leroy, WV: higher priced homes
- Leona, TX: higher priced homes
- Leipers Fork, TN: higher priced homes
- Latimer, IA: higher priced homes
- Langlois, OR: higher priced homes
- Lakeside, OH: higher priced homes
- Lakeside, MA: higher priced homes
- Lake Center, MS: less expensive homes
- Safe, MO: higher priced homes
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