Market Overview
Home Prices in Omaha, NE
The median home value in Omaha, NE is $300,783 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.5% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Omaha are priced27% below average. Omaha is part of the Omaha-Council Bluffs, NE-IA metro area.
Over the past five years, Omaha home values have risen by approximately22.9%, reflecting strong long-term appreciation in this market.
Price History
Omaha Home Price Trend
City Comparison
Omaha vs. National Median
At $300,783, homes in Omaha cost 27% 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
$60,157
on $300,783
Monthly P&I
$1,569/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,993/mo
incl. taxes & insurance
Income Needed
$79,720
gross annual (30% rule)
10% Down Option
$30,078
+ PMI applies
Loan Amount (20% dn)
$240,626
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, NE?
The median home value in Omaha is $300,783 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.5% year-over-year.
How much have home prices changed in Omaha?
Over the past year, home values in Omaha have increased by 1.5%. Over five years, prices have risen approximately 22.9%.
How much do I need to earn to buy a home in Omaha?
To comfortably afford the median home price of $300,783 with a 20% down payment ($60,157) at today's rates (6.8%), you'd need a gross annual income of approximately $79,720. 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 $300,783, homes in Omaha are 27% below the national average.
What metro area is Omaha part of?
Omaha is part of the Omaha-Council Bluffs, NE-IA metropolitan area. Home prices and market conditions can vary across the broader metro region.