Real Estate Investing in Omaha, Nebraska (68022)
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Should you buy in 68022 (Omaha, NE)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 26.6 — hard to cash-flow at these prices.
What’s happening in Omaha, NE (68022)?
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Market Analysis: 68022 Omaha
The 68022 ZIP in Omaha, NE is a local-operator market. Outside capital chasing a $519K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 68022 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Omaha have seen price recovery that 68022 has not matched. Douglas County data supports the view that the spread is structural rather than temporary.
Demographically, 68022 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 68022 is an operator game, not a passive one. On balance, entry prices of $519K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Omaha:
Property Strategy for 68022
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $720,484 | $1,340 | 1.3% | +5.3% | $720,484 |
| 2BR | $432,492 | $1,600 | 2.7% | +5.3% | $216,246 |
| 3BR | $387,302 | $2,120 | 3.9% | +5.6% | $129,101 |
| 4BR | $532,872 | $2,390 | 3.2% | +5.5% | $133,218 |
| 5BR | $662,969 | — | — | +5.7% | $132,594 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68022 Compare?
| Metric | 68022 | Omaha | Nebraska |
|---|---|---|---|
| Home Value | $518,533 | $273,289 | $269,423 |
| 5-Year CAGR | 3.8% | 4.6% | 6.7% |
| Avg Rent | $1,626 | $1,480 | - |
| Cap Rate | 2.5% | 4.2% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68022 (Omaha, NE). Anonymous, moderated, never written by AI.
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Property managers serving Douglas County
Manage rentals here? List your business →PURE Property Management - Omaha/Fremont, NE is dedicated to building luxury living and providing high-quality service to their community and clients, trusted by over 100 residents. summary from their website
Access Relocation and Property Management Services offers corporate HR solutions. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $518,533 |
| Monthly Rent | $1,626 |
| Price-to-Rent | 26.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | -15.3% ▼ |
| 3-Year CAGR | -2.9% ▼ |
| 5-Year CAGR | +1.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 68022
Population: 33,702
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 68022
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,471 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Omaha, NE?
The median home value in Omaha, NE is roughly $519K. That puts it reasonable relative to the NE statewide average.
What kind of market is Omaha, NE for investors?
With a 3.0/5 investability score, Omaha, NE ranks as a solid market for rental property investors. Median prices of $519K and rents of $1,626/mo drive the underlying numbers.
How high is vacancy risk in Omaha, NE?
Omaha, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Which investment style suits Omaha, NE?
Omaha, NE investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($519K prices, $1,626/mo rents) make it a reasonable choice.
How strong is tenant demand in Omaha, NE?
Tenant demand in Omaha, NE is solid. The local workforce $1,626/mo rents across most rental classes.
You know 68022 now. You don’t know where it ranks.
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How 68022 ranks in Omaha-Council Bluffs, NE-IA
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