Market Overview
Home Prices in Omaha, AR
The median home value in Omaha, AR is $292,057 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.3% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Omaha are priced29% below average. Omaha is part of the Harrison, AR metro area.
Over the past five years, Omaha home values have risen by approximately41.6%, reflecting strong long-term appreciation in this market.
Price History
Omaha Home Price Trend
2020
$175,793
$176K
—
2021
$206,221
$206K
+17.3%
2022
$252,784
$253K
+22.6%
2023
$259,244
$259K
+2.6%
2024
$275,221
$275K
+6.2%
2025
$285,519
$286K
+3.7%
2026
$292,057
$292K
+2.3%
City Comparison
Omaha vs. National Median
🏠 Omaha
$292,057
National Median
$410,000
At $292,057, homes in Omaha cost 29% below the national median of $410,000. This makes Omaha a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Omaha?
20% Down Payment
$58,411
on $292,057
Monthly P&I
$1,523/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,934/mo
incl. taxes & insurance
Income Needed
$77,360
gross annual (30% rule)
10% Down Option
$29,206
+ PMI applies
Loan Amount (20% dn)
$233,646
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Omaha, AR?
The median home value in Omaha is $292,057 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.3% year-over-year.
How much have home prices changed in Omaha?
Over the past year, home values in Omaha have increased by 2.3%. Over five years, prices have risen approximately 41.6%.
How much do I need to earn to buy a home in Omaha?
To comfortably afford the median home price of $292,057 with a 20% down payment ($58,411) at today's rates (6.8%), you'd need a gross annual income of approximately $77,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Omaha compare to the national average home price?
The national median home value is approximately $410,000. At $292,057, homes in Omaha are 29% below the national average.
What metro area is Omaha part of?
Omaha is part of the Harrison, AR metropolitan area. Home prices and market conditions can vary across the broader metro region.