There are currently 173,371 real estate properties in Omaha, NE, with a median automated valuation model (AVM) price of $218,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Omaha, NE, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Omaha, NE, is $243,889.00, with the most expensive house in Omaha, NE, topping out at $7,810,000.00 and the cheapest home in Omaha, NE, clocking in at $20,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Omaha, NE!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Omaha, NE, is on a rollercoaster ride. The average rent price in Omaha, NE, is $1,370.00. Indeed, when looking to rent in Omaha, NE, you can expect to pay as little as $490.00 or as much as $4,160.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Omaha, NE -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Omaha, NE area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Omaha, NE and much more. Save thousands at closing with home foreclosure listings in Omaha, NE — up to 75% off market value!
Omaha is located in Douglas, Nebraska, with an estimated municipal population of 478,192 residents. All of the best foreclosed homes for sale in Omaha are located in the following zip code areas on Foreclosure.com: 68112 68117 68118 68107 68104 68105 68108 68178 68164 68122 68127 68124 68022 68111 68110 68114 68116 68137 68135 68132 68144 68134 68131 68130 68102 68106 68152 68154 68101 68103 68109 68119 68139 68145 68172 68175 68176 68179 68180 68182 68183 68197 68198. The estimated population per square kilometer (.62 miles) in Omaha is 1,309.
So, about how much do homes cost in Omaha? The most recent median value of resident-owned homes in Omaha is 158,851. An estimated 58.6 percent of households in Omaha own their homes, with an average family size of 3.2. The median household income in Omaha is 60,092, with26.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Omaha, the median commute time of resident workers (in minutes) is 19.2. And last, but certainly not least, are you looking for homes to rent in Omaha? If so, the average rent price paid by renters in Omaha is 923, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Omaha, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Omaha is 34.5, split between 49.3 percent male versus 50.7 female. The percentage of residents who report being married in Omaha is 45.9, with an average family size of 3.2.
The percentage of residents who report their race in Omaha is as follows:
|Black / African American||12.3%|
|American Indian / Alaskan Native||0.6%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Omaha? Or maybe you are searching for 55+ active adult communities in and/or near Omaha?
The percentage of residents who report their age in Omaha is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Omaha with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Omaha.
How do you know that living in -- or moving to -- Omaha is right where you need to be? Perhaps you grew up in Omaha or already live nearby; therefore, the decision to buy a home in Omaha is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Omaha for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Omaha:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Omaha.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Omaha can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Omaha, meanwhile, can field multiple offers from more qualified buyers.