Real Estate Investing in Omaha, Nebraska (68106)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68106 (Omaha, NE)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Omaha, NE (68106)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68106 Omaha
ZIP 68106 inside Douglas County looks affordable on the surface — median value of $258K — but the discount exists for reasons that a careful buyer should understand before committing.
The 68106 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Omaha have seen price recovery that 68106 has not matched. Douglas County data supports the view that the spread is structural rather than temporary.
Demographically, 68106 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.
Experienced landlords with local relationships tend to find 68106 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Omaha:
Property Strategy for 68106
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $160,009 | $1,230 | 5.5% | +5.8% | $160,009 |
| 2BR | $213,884 | $1,470 | 4.9% | +7.1% | $106,942 |
| 3BR | $253,970 | $1,950 | 5.5% | +6.7% | $84,657 |
| 4BR | $293,815 | $2,200 | 5.4% | +6.5% | $73,454 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68106 Compare?
| Metric | 68106 | Omaha | Nebraska |
|---|---|---|---|
| Home Value | $257,884 | $273,289 | $269,423 |
| 5-Year CAGR | 4.9% | 4.6% | 6.7% |
| Avg Rent | $1,824 | $1,480 | - |
| Cap Rate | 5.5% | 4.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68106 (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 | $257,884 |
| Monthly Rent | $1,824 |
| Price-to-Rent | 11.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +6.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.5%). 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 68106
Population: 21,928
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 68106
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
WESTERN HILLS MAGNET CENTER
BELLE RYAN ELEMENTARY SCHOOL
JACKSON ELEMENTARY SCHOOL
WILSON FOCUS SCHOOL
ASHLAND PARK/ROBBINS ELEMENTARY SCHOOL
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
Is Omaha, NE a good place for real estate investing?
The 3.0/5 investability rating in Omaha, NE reflects its $258K prices and $1,824/mo rents. Investors generally consider it a solid option within NE.
Is vacancy a concern in Omaha, NE?
Occupancy in Omaha, NE runs reliable with elevated vacancy. Well-priced units at $1,824/mo lease on reasonable timelines.
What approach is best for Omaha, NE real estate?
Omaha, NE investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($258K prices, $1,824/mo rents) make it a reasonable choice.
Is Omaha, NE good for house hacking?
Omaha, NE is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $258K price point reasonable to enter.
What are rental rates like in Omaha, NE?
Omaha, NE rentals go for roughly $1,824/mo a month. That puts gross yield in solid territory relative to $258K acquisition costs.
You know 68106 now. You don’t know where it ranks.
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How 68106 ranks in Omaha-Council Bluffs, NE-IA
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