Omaha, NE 68102 Real Estate Market Report

ZIP Code: 68102
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Omaha, NE has shown signs of stability with a median sold price reflecting a positive trend. Although specific historical sold price change data is not available, the market is experiencing an overall upward trajectory in prices, with a year-over-year trend indicating that prices are up. This suggests a strengthening market, albeit with elevated interest rates that may be impacting buyer purchasing power and overall market dynamics.

Transaction activity appears moderate, characterized by elevated inventory levels relative to sales. This indicates a potential for pricing friction as sellers adjust their expectations in light of the current market conditions. The median price per square foot stands at $279.26, which provides a benchmark for property valuation in this area. With the market temperature being classified as neutral, it suggests a balanced environment where neither buyers nor sellers hold a distinct advantage, but rather a cautious approach is warranted as inventory gradually increases.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Liquidity metrics unavailable due to insufficient data quality.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Omaha, NE are averaging 6.64% compared to an average of 6.10% in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price in Omaha, NE is $279.26 per square foot, indicating a stable pricing environment.

2. Year-over-year trends show that prices are up, reflecting a strengthening market despite elevated interest rate pressure.

3. The median market rent is $1,780, which may indicate growing demand for rental properties in the area.

4. The property tax rate is 1.93%, which could influence overall affordability for buyers and investors.

5. Current mortgage rates average 6.64%, higher than the previous average of 6.10%, suggesting elevated interest rate pressure affecting buyer purchasing power.

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Notable Properties

The following 4 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.