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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 $285,864, higher than the Nebraska average of $252,353.
The average cost of rent is $1,337/mo in Omaha, primarily driven by the current value of real estate in the Omaha area. In Omaha, 33.84% of households rent, and 34.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Omaha is $8,163 per month. Households that rent pay about 16.38% of their income on rent here. Omaha’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Boys Town, NE: equally priced homes
- Ralston, NE: less expensive homes
- La Vista, NE: higher priced homes
- Chalco, NE: less expensive homes
- Papillion, NE: higher priced homes
- Carter Lake, IA: less expensive homes
- Bennington, NE: higher priced homes
- Elkhorn, NE: higher priced homes
- Bellevue, NE: less expensive homes
- Offutt AFB, NE: equally priced homes
Cities with Similar Populations
- Macon, GA: less expensive homes
- Lowell, MA: higher priced homes
- Macomb, MI: higher priced homes
- Lubbock, TX: less expensive homes
- Los Angeles, CA: higher priced homes
- Lucin, UT: higher priced homes
- Longmont, CO: higher priced homes
- Loveland, CO: higher priced homes
- Longview, TX: less expensive homes
- Lynn, MA: higher priced homes
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