The market in numbers
Home values over the last two years
The typical home in the Omaha metro was worth $282,500 in September 2024 and $294,000 in August 2026, a change of +4.1% over two years. Values are at the highest point of the period.
Where prices are rising fastest
The ten Omaha ZIP codes with the strongest change in home values over the past twelve months.
| ZIP code | Area | Home value | 12 months | 5 yrs, per year |
|---|---|---|---|---|
| 51564 | Pisgah, IA | $171,900 | +11.0% | n/a |
| 51529 | Dunlap, IA | $206,000 | +10.7% | +8.1% |
| 51565 | Portsmouth, IA | $278,900 | +9.2% | +8.9% |
| 68407 | Murdock, NE | $330,700 | +8.9% | +6.0% |
| 51535 | Griswold, IA | $197,600 | +8.9% | +8.5% |
| 68040 | Malmo, NE | $473,700 | +8.8% | +7.8% |
| 51571 | Silver City, IA | $309,400 | +8.7% | n/a |
| 68036 | Linwood, NE | $342,300 | +8.5% | +8.5% |
| 51542 | Honey Creek, IA | $474,000 | +8.1% | +7.6% |
| 68058 | South Bend, NE | $377,800 | +7.8% | +5.4% |
Where prices are falling
6 of the metro's ZIP codes are below where they were a year ago. These are the ten largest declines.
| ZIP code | Area | Home value | 12 months | From its peak |
|---|---|---|---|---|
| 51532 | Elliott, IA | $148,700 | −6.3% | −6.9% |
| 51561 | Pacific Junction, IA | $239,900 | −2.7% | −8.4% |
| 68110 | Omaha, NE | $146,400 | −2.5% | −5.7% |
| 51541 | Henderson, IA | $182,500 | −2.3% | −2.9% |
| 68112 | Omaha, NE | $187,400 | −0.3% | −1.6% |
| 68034 | Kennard, NE | $409,200 | −0.2% | −4.4% |
Best rental yields
Gross yield is a year's rent divided by the home value, before costs. These are the 10 highest yields among the 37 Omaha ZIP codes with a rent index.
| ZIP code | Area | Home value | Monthly rent | Gross yield | Rent, 12 months |
|---|---|---|---|---|---|
| 68111 | Omaha, NE | $136,900 | $1,400 | 12.2% | +2.3% |
| 68112 | Omaha, NE | $187,400 | $1,700 | 10.9% | n/a |
| 68110 | Omaha, NE | $146,400 | $1,200 | 9.7% | n/a |
| 68147 | Bellevue, NE | $253,900 | $2,000 | 9.7% | n/a |
| 68117 | Omaha, NE | $221,500 | $1,800 | 9.5% | n/a |
| 68104 | Omaha, NE | $202,000 | $1,500 | 9.0% | +3.8% |
| 51501 | Council Bluffs, IA | $187,600 | $1,400 | 8.8% | +1.1% |
| 68106 | Omaha, NE | $255,300 | $1,800 | 8.6% | +1.0% |
| 68108 | Omaha, NE | $176,400 | $1,200 | 8.3% | +9.1% |
| 68122 | Omaha, NE | $285,000 | $1,800 | 7.8% | n/a |
Most affordable against local incomes
Home value divided by the median household income of the people who live in the ZIP code. A lower multiple means homes cost fewer years of local earnings. The metro typical is 3.4×.
| ZIP code | Area | Home value | Median income | Price to income |
|---|---|---|---|---|
| 51545 | Little Sioux, IA | $98,500 | $70,300 | 1.4× |
| 51532 | Elliott, IA | $148,700 | $65,400 | 2.3× |
| 51510 | Carter Lake, IA | $214,000 | $85,300 | 2.5× |
| 51540 | Hastings, IA | $213,500 | $84,400 | 2.5× |
| 51535 | Griswold, IA | $197,600 | $76,400 | 2.6× |
| 68463 | Weeping Water, NE | $228,300 | $86,000 | 2.7× |
| 51565 | Portsmouth, IA | $278,900 | $103,300 | 2.7× |
| 68135 | Omaha, NE | $389,600 | $143,700 | 2.7× |
| 68058 | South Bend, NE | $377,800 | $138,300 | 2.7× |
| 68122 | Omaha, NE | $285,000 | $102,600 | 2.8× |
Who is moving in
Household moves between the 2022 and 2023 tax years. Migration is measured by county, so the figures cover each county in the metro rather than single ZIP codes. 8 of the metro's 13 counties gained households. The last column is how much more, or less, the average arriving household earned than the average household that left.
| County | Net households | Net income moved | Arrivals vs leavers, per household |
|---|---|---|---|
| Sarpy County, NE | +1,518 | +$74.9M | −$1,944 |
| Shelby County, IA | +60 | −$1.4M | −$7,875 |
| Pottawattamie County, IA | +56 | −$3.4M | −$1,449 |
| Cass County, NE | +34 | +$6.8M | +$2,658 |
| Cass County, IA | +26 | +$0.6M | −$1,019 |
| Mills County, IA | +22 | +$6.9M | +$7,013 |
| Saunders County, NE | +18 | +$40.2M | +$29,428 |
| Montgomery County, IA | +10 | +$4.2M | +$7,358 |
| Harrison County, IA | −4 | +$10.2M | +$17,053 |
| Fremont County, IA | −4 | −$0.7M | −$1,554 |
| Butler County, NE | −86 | −$2.0M | +$7,289 |
| Washington County, NE | −152 | −$10.6M | +$759 |
What CITIZEN sees
CITIZEN grades every US ZIP code on one national scale, reading price and its direction, rent, local earnings, resident equity and where buyers and their money are arriving from. Grades are ranks: an A is the top 10% of the country, an F the bottom 10%. In the Omaha metro, 7 of 110 ZIP codes grade A and 4 grade F. Which ones, and why, is in CITIZEN.
All 110 ZIP codes
Every ZIP code in the metro with a home value, in numerical order.
Show all 110 ZIP codes
| ZIP code | Area | Home value | 12 months | 5 yrs, per year | Monthly rent | Gross yield |
|---|---|---|---|---|---|---|
| 51501 | Council Bluffs, IA | $187,600 | +1.5% | +5.2% | $1,400 | 8.8% |
| 51503 | Council Bluffs, IA | $309,400 | +3.4% | +5.2% | $1,300 | 5.0% |
| 51510 | Carter Lake, IA | $214,000 | +4.9% | +6.2% | n/a | n/a |
| 51521 | Avoca, IA | $238,500 | +0.5% | +5.6% | n/a | n/a |
| 51525 | Carson, IA | $264,400 | +3.8% | +6.5% | n/a | n/a |
| 51526 | Crescent, IA | $386,700 | +6.2% | +7.1% | n/a | n/a |
| 51529 | Dunlap, IA | $206,000 | +10.7% | +8.1% | n/a | n/a |
| 51532 | Elliott, IA | $148,700 | −6.3% | +4.3% | n/a | n/a |
| 51533 | Emerson, IA | $193,400 | +3.1% | +3.2% | n/a | n/a |
| 51534 | Glenwood, IA | $317,700 | +4.0% | +4.3% | n/a | n/a |
| 51535 | Griswold, IA | $197,600 | +8.9% | +8.5% | n/a | n/a |
| 51540 | Hastings, IA | $213,500 | +5.2% | n/a | n/a | n/a |
| 51541 | Henderson, IA | $182,500 | −2.3% | n/a | n/a | n/a |
| 51542 | Honey Creek, IA | $474,000 | +8.1% | +7.6% | n/a | n/a |
| 51544 | Lewis, IA | $161,800 | +2.1% | +4.0% | n/a | n/a |
| 51545 | Little Sioux, IA | $98,500 | +5.4% | n/a | n/a | n/a |
| 51546 | Logan, IA | $271,300 | +5.1% | +6.0% | n/a | n/a |
| 51551 | Malvern, IA | $255,100 | +2.5% | +4.1% | n/a | n/a |
| 51553 | Minden, IA | $281,200 | +4.2% | +5.7% | n/a | n/a |
| 51555 | Missouri Valley, IA | $237,700 | +5.8% | +5.9% | n/a | n/a |
| 51556 | Modale, IA | $200,100 | +5.8% | n/a | n/a | n/a |
| 51557 | Mondamin, IA | $238,800 | +2.0% | +6.2% | n/a | n/a |
| 51559 | Neola, IA | $315,600 | +5.4% | +6.1% | n/a | n/a |
| 51560 | Oakland, IA | $225,900 | +4.5% | +5.4% | n/a | n/a |
| 51561 | Pacific Junction, IA | $239,900 | −2.7% | n/a | n/a | n/a |
| 51563 | Persia, IA | $263,900 | +4.1% | +6.3% | n/a | n/a |
| 51564 | Pisgah, IA | $171,900 | +11.0% | n/a | n/a | n/a |
| 51565 | Portsmouth, IA | $278,900 | +9.2% | +8.9% | n/a | n/a |
| 51570 | Shelby, IA | $257,800 | +2.8% | +6.3% | n/a | n/a |
| 51571 | Silver City, IA | $309,400 | +8.7% | n/a | n/a | n/a |
| 51575 | Treynor, IA | $362,100 | +6.0% | +5.7% | n/a | n/a |
| 51576 | Underwood, IA | $392,300 | +6.1% | +5.7% | n/a | n/a |
| 51577 | Walnut, IA | $204,100 | +6.2% | +5.0% | n/a | n/a |
| 51579 | Woodbine, IA | $238,900 | +7.7% | +6.8% | n/a | n/a |
| 51653 | Tabor, IA | $231,400 | +6.9% | +5.3% | n/a | n/a |
| 68002 | Arlington, NE | $390,000 | +2.9% | +5.0% | n/a | n/a |
| 68003 | Ashland, NE | $411,000 | +5.8% | +4.9% | n/a | n/a |
| 68005 | Bellevue, NE | $258,300 | +1.7% | +5.0% | $1,100 | 4.9% |
| 68007 | Bennington, NE | $410,600 | +0.6% | +3.0% | $1,900 | 5.6% |
| 68008 | Blair, NE | $361,500 | +1.5% | +4.5% | n/a | n/a |
| 68015 | Cedar Bluffs, NE | $272,500 | +4.0% | +4.8% | n/a | n/a |
| 68016 | Cedar Creek, NE | $369,500 | +6.3% | +6.0% | n/a | n/a |
| 68017 | Ceresco, NE | $348,000 | +5.2% | +5.0% | n/a | n/a |
| 68018 | Colon, NE | $398,400 | +5.7% | +4.9% | n/a | n/a |
| 68022 | Omaha, NE | $515,300 | +1.9% | +3.3% | $1,600 | 3.7% |
| 68023 | Fort Calhoun, NE | $540,800 | +3.2% | +4.5% | n/a | n/a |
| 68028 | Gretna, NE | $436,900 | +1.9% | +3.4% | $1,600 | 4.5% |
| 68029 | Herman, NE | $401,400 | +0.4% | +6.5% | n/a | n/a |
| 68033 | Ithaca, NE | $380,400 | +7.5% | +5.3% | n/a | n/a |
| 68034 | Kennard, NE | $409,200 | −0.2% | +4.9% | n/a | n/a |
| 68036 | Linwood, NE | $342,300 | +8.5% | +8.5% | n/a | n/a |
| 68037 | Louisville, NE | $350,200 | +3.5% | +4.2% | n/a | n/a |
| 68040 | Malmo, NE | $473,700 | +8.8% | +7.8% | n/a | n/a |
| 68041 | Mead, NE | $292,000 | +5.3% | +5.7% | n/a | n/a |
| 68046 | Papillion, NE | $411,900 | +2.1% | +3.9% | $1,700 | 4.9% |
| 68048 | Plattsmouth, NE | $310,800 | +4.0% | +4.8% | $1,100 | 4.4% |
| 68050 | Prague, NE | $283,000 | +5.0% | +5.5% | n/a | n/a |
| 68058 | South Bend, NE | $377,800 | +7.8% | +5.4% | n/a | n/a |
| 68059 | Springfield, NE | $466,700 | +5.0% | +5.0% | n/a | n/a |
| 68064 | Valley, NE | $520,400 | +5.8% | +5.0% | n/a | n/a |
| 68065 | Valparaiso, NE | $393,000 | +7.7% | +4.6% | n/a | n/a |
| 68066 | Wahoo, NE | $293,300 | +5.1% | +5.4% | n/a | n/a |
| 68069 | Waterloo, NE | $451,700 | +5.3% | +4.3% | n/a | n/a |
| 68070 | Weston, NE | $360,200 | +6.0% | +5.8% | n/a | n/a |
| 68073 | Yutan, NE | $383,400 | +6.2% | +5.6% | n/a | n/a |
| 68102 | Omaha, NE | $276,900 | +1.8% | +3.4% | $1,300 | 5.5% |
| 68104 | Omaha, NE | $202,000 | +1.0% | +3.7% | $1,500 | 9.0% |
| 68105 | Omaha, NE | $228,400 | +2.2% | +3.9% | $1,200 | 6.4% |
| 68106 | Omaha, NE | $255,300 | +1.9% | +4.1% | $1,800 | 8.6% |
| 68107 | Omaha, NE | $184,600 | +1.3% | +4.5% | n/a | n/a |
| 68108 | Omaha, NE | $176,400 | +0.7% | +3.4% | $1,200 | 8.3% |
| 68110 | Omaha, NE | $146,400 | −2.5% | +4.6% | $1,200 | 9.7% |
| 68111 | Omaha, NE | $136,900 | +1.8% | +4.9% | $1,400 | 12.2% |
| 68112 | Omaha, NE | $187,400 | −0.3% | +3.5% | $1,700 | 10.9% |
| 68114 | Omaha, NE | $311,000 | +0.9% | +3.6% | $1,400 | 5.4% |
| 68116 | Omaha, NE | $379,600 | +1.7% | +3.7% | $1,800 | 5.8% |
| 68117 | Omaha, NE | $221,500 | +3.3% | +4.9% | $1,800 | 9.5% |
| 68118 | Omaha, NE | $424,600 | +2.5% | +3.7% | $1,500 | 4.2% |
| 68122 | Omaha, NE | $285,000 | +0.8% | +3.8% | $1,800 | 7.8% |
| 68123 | Bellevue, NE | $334,100 | +3.1% | +4.4% | $1,400 | 5.2% |
| 68124 | Omaha, NE | $342,800 | +2.3% | +4.0% | $1,600 | 5.7% |
| 68127 | Omaha, NE | $286,300 | +2.8% | +4.3% | $1,100 | 4.7% |
| 68128 | La Vista, NE | $312,500 | +3.2% | +4.7% | $1,400 | 5.4% |
| 68130 | Omaha, NE | $456,900 | +1.9% | +3.8% | $1,600 | 4.2% |
| 68131 | Omaha, NE | $220,300 | +3.4% | +4.3% | $1,300 | 7.1% |
| 68132 | Omaha, NE | $366,000 | +2.8% | +3.6% | $1,300 | 4.2% |
| 68133 | Papillion, NE | $422,100 | +2.6% | +3.6% | n/a | n/a |
| 68134 | Omaha, NE | $260,100 | +1.5% | +3.9% | $1,000 | 4.7% |
| 68135 | Omaha, NE | $389,600 | +2.2% | +3.7% | $2,000 | 6.2% |
| 68136 | Omaha, NE | $409,900 | +1.3% | +3.3% | $1,900 | 5.4% |
| 68137 | Omaha, NE | $285,800 | +2.2% | +4.2% | $1,700 | 7.2% |
| 68138 | Omaha, NE | $294,400 | +3.2% | +5.0% | $1,300 | 5.3% |
| 68142 | Omaha, NE | $372,800 | +0.8% | +3.1% | n/a | n/a |
| 68144 | Omaha, NE | $313,500 | +2.4% | +4.5% | $1,300 | 4.9% |
| 68147 | Bellevue, NE | $253,900 | +3.6% | +5.3% | $2,000 | 9.7% |
| 68152 | Omaha, NE | $342,100 | +2.2% | +4.2% | n/a | n/a |
| 68154 | Omaha, NE | $361,100 | +1.6% | +3.7% | $1,300 | 4.3% |
| 68157 | Omaha, NE | $294,500 | +2.4% | +4.8% | n/a | n/a |
| 68164 | Omaha, NE | $293,600 | +1.3% | +3.5% | $1,300 | 5.4% |
| 68304 | Alvo, NE | $292,400 | +6.4% | +5.7% | n/a | n/a |
| 68307 | Avoca, NE | $258,700 | +7.0% | +6.1% | n/a | n/a |
| 68347 | Eagle, NE | $352,900 | +3.2% | +4.4% | n/a | n/a |
| 68349 | Elmwood, NE | $276,000 | +5.0% | +5.5% | n/a | n/a |
| 68366 | Greenwood, NE | $310,600 | +4.1% | +6.4% | n/a | n/a |
| 68407 | Murdock, NE | $330,700 | +8.9% | +6.0% | n/a | n/a |
| 68409 | Murray, NE | $293,500 | +3.8% | +5.0% | n/a | n/a |
| 68413 | Nehawka, NE | $252,200 | +0.9% | +4.4% | n/a | n/a |
| 68455 | Union, NE | $365,200 | +3.2% | +4.9% | n/a | n/a |
| 68463 | Weeping Water, NE | $228,300 | +7.1% | +5.2% | n/a | n/a |
| 68648 | Morse Bluff, NE | $444,600 | +7.6% | +5.6% | n/a | n/a |
Questions
Are home prices going up or down in Omaha?
Up. Home values across the Omaha-Council Bluffs metro are up 3.2% over the past twelve months, to a typical $294K, and 104 of its 110 ZIP codes are higher than a year ago.
What is the typical home value in Omaha?
$294,000 across the metro's 110 ZIP codes, as of August 2026. It ranges from $98,500 in ZIP 51545 to $540,800 in ZIP 68023.
What is the typical rent in Omaha?
About $1,400 a month, across the 37 ZIP codes with rent data, up 2.2% over the past year.
Which Omaha ZIP codes are rising fastest?
51564 (Pisgah, IA, +11.0%), 51529 (Dunlap, IA, +10.7%), 51565 (Portsmouth, IA, +9.2%), over the past twelve months.
What is the forecast for Omaha home prices?
The forecast for the typical ZIP code in the metro is +2.8% over the next twelve months. Forecasts are estimates and change every month.
Other housing markets
- Des Moines, IA
- Kansas City, MO
- Minneapolis, MN
- St. Louis, MO
- Tulsa, OK
- Fayetteville, AR
- Oklahoma City, OK
- Chicago, IL
- All markets
Sources and method
- Source: CITIZEN, Lualdi Advisors' US housing market intelligence. Home values, rents and forecasts through August 2026; household incomes 2020 to 2024; migration for tax years 2022 to 2023; new homes permitted in 2025.
- Metro figures are medians across the ZIP codes in the metro, not a separate metro index. The two-year chart is the median ZIP value for each month. Grades and scores are CITIZEN's own.
- Updated monthly. Last updated 2026-10-14.
