Median rents, rental comps, and market trends across 11 zip codes in Omaha, NE.
Stable Midwest market with a diversified economy, consistent rental demand, and Warren Buffett's stamp of approval. The rent-to-price ratios here are the kind of sensible that value investors appreciate.
Median Asking Rent
$1,291
Rent Change (YoY)
-12.8%
Avg Days on Market
66
Active Rental Listings
581
Median List Price
$253,750
Average across 11 zip codes
ZIP | Median Rent |
|---|---|
| 68124 | $2,000/mo |
| 68116 | $1,775/mo |
| 68106 | $1,695/mo |
| 68114 | $1,426/mo |
| 68104 | $1,395/mo |
| 68110 | $1,391/mo |
| 68111 | $1,345/mo |
| 68108 | $1,150/mo |
| 68102 | $1,085/mo |
| 68105 | $1,057/mo |
| 68107 | $895/mo |
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| Unit Size | Median Rent |
|---|---|
| Studio | $815/mo |
| 1 Bedroom | $875/mo |
| 2 Bedroom | $1,316/mo |
| 3 Bedroom | $1,575/mo |
| 4 Bedroom | $2,000/mo |
Aggregated median across all Omaha zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 68102 | $430,000 |
| 68124 | $425,000 |
| 68116 | $367,900 |
| 68106 | $299,000 |
| 68114 | $299,000 |
| 68105 | $265,000 |
| 68117 | $242,500 |
| 68108 | $216,500 |
| 68104 | $210,000 |
| 68107 | $189,900 |
| 68111 | $105,000 |
| 68110 | $95,000 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $1,350/mo |
| 1 Bedroom | $1,430/mo |
| 2 Bedroom | $1,700/mo |
| 3 Bedroom | $2,250/mo |
| 4 Bedroom | $2,540/mo |
Fair Market Rents are published annually by HUD for the Omaha metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Omaha, NE is currently $1,291/month, based on active rental listings across 11 zip codes. Median asking rents have decreased by -12.8% over the past 12 months.
Asking rents vary significantly across the city. ZIP 68124 has the highest median asking rent at $2,000/month, while ZIP 68107 comes in at $895/month.
Rental listings in the area spend an average of 66 days on market before being leased, suggesting a more tenant-friendly market.
The HUD Fair Market Rent for a 2-bedroom in the Omaha metro area is $1,700/month. Current median asking rents are near or below the FMR for this area.
Omaha is one of those markets that works quietly. Berkshire Hathaway is headquartered here, along with Mutual of Omaha, ConAgra, and Union Pacific. That gives the city an economic base that's more diversified than you'd expect. Dundee, Benson, and Aksarben are premium neighborhoods. South Omaha and the North Side are more affordable. Offutt Air Force Base adds military renter demand. The market doesn't make headlines, and that's kind of the point — rent growth is steady, vacancy stays reasonable, and the entry points are affordable. For investors who want a Midwest cash flow market without the risks that come with more distressed cities, Omaha is a strong option.
Want to look up rental comps and rent estimates for a specific property in Omaha? PropMetrics lets you search any address and get detailed rental data instantly.
Get rent estimates, comparable rentals, and market data for any property in Omaha, NE. Free to start.
What rental comps are, what makes a good one, and how to use them to price your rental property accurately.
Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
A step-by-step guide to pricing your rental so it rents quickly without leaving money on the table.