What is the typical home value in Omaha - NE?

The typical home in Omaha - NE, NE is worth $306,318 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +2.7%.

How long do homes stay on the market in Omaha - NE?

The median days to pending (time on market before a sale) in Omaha - NE is currently 16 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Omaha - NE?

32.2% of active listings in Omaha - NE have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is it cheaper to rent or buy in Omaha - NE?

The price-to-rent ratio in Omaha - NE is 18.3x (typical home value divided by a year of typical rent), which puts it in toss-up on the Rent vs Buy Index. Typical rent is $1,398 a month versus a principal-and-interest mortgage payment of about $1,697 on the typical home at 7.4% with 20% down.

What income do you need to buy a home in Omaha - NE?

About $89,100 a year in household income, assuming 20% down ($61,264), a 30-year fixed mortgage at 7.4%, property tax and insurance, and a 28% payment-to-income cap. The monthly payment works out to about $2,080.

Is Omaha - NE a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Omaha - NE is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

NE · Metro #59

Omaha - NE housing market

The Omaha metro has a typical home value of $306,318, up 2.7% from a year ago. Homes are moving fast at 16 days on market, a strong seller's market. 32% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value

$306,318

+2.7% vs. year ago

Median sale price

$309,685

+9.2% YoY

Median list price

$321,300

Sale-to-list ratio

99.3%

Selling below ask

Days on market

16d

Listings w/ price cut

32.2%

New listings / mo

1,138

-8.2% YoY

Homes for sale

2,969

-3.8% YoY

Typical rent

$1,398/mo

+2.0% YoY

Income needed to buy

$89,100

$2,080/mo · #83 of 195

Rent vs buy

18.3x

Toss-up · #72 of 195

October 2026 report · Zillow data through September 2026

Omaha housing market, October 2026

The typical Omaha home is worth $306,318 as of September 2026, up 0.4% from the prior month, up 1.0% over three months, and up 2.7% from a year ago. Over the past two years values have ranged from $294,640 to $306,318.

Homes are going pending in about 16 days, slower than the 9 days seen three months earlier. There are roughly 2,969 homes for sale, 4% fewer than a year ago. 32.2% of listings have taken a price cut (up from 25.1% three months ago).

Typical rent is $1,398 a month, up 2.0% year over year, which puts the price-to-rent ratio at 18.3.

At this week's 7.40% mortgage rate with 20% down ($61,264), the typical Omaha home costs about $2,080 a month including tax and insurance, which needs a household income of roughly $89,100 to stay under a 28% payment-to-income ratio.

Typical home value, 24 months

Days to pending, 24 months

Homes for sale, 24 months

Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →

Context

How to read this data

The typical home value ($306,318) is the Zillow Home Value Index for the Omaha - NE metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.7% over the past year. In Omaha - NE, that means a home worth $298,265 last year is now worth roughly $306,318.

The median sale price, what homes actually close for, is $309,685. Homes are selling at 99.3% of list price, meaning buyers have room to negotiate.

Homes listed in Omaha - NE sit on the market for roughly 16 days before going pending. Shorter = seller's market; longer = buyer's market.

About 32.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,138 new listings hit the market each month in Omaha - NE. There are currently 2,969 homes for sale, down 3.8% from a year ago.

The typical monthly rent in Omaha - NE is $1,398, up 2.0% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 18.3x, toss-up (#72 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,697 a month in principal and interest, $299 more than renting before taxes, insurance and upkeep. The two break even at a 5.54% rate.