Real Estate Investing in Omaha, Nebraska (68111)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68111 (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 vacancy: 13.4% of homes vacant — above national norms.
- Elevated poverty: 31.4% poverty rate — can affect rent collection.
- Higher unemployment: 7.6% unemployment — tenant risk signal.
- Lower household income: $34,980 median — tenant affordability is tighter.
What’s happening in Omaha, NE (68111)?
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Market Analysis: 68111 Omaha
ZIP 68111 in Omaha, NE carries a resilient set of headwinds. Home values near $137K and rents of $1,342/mo sit inside a market where underwriting has to be tight.
The investment case in 68111 is notable only for operators who understand what they are buying. A $137K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 68111 sits on the difficult end of the NE spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Put differently, 25,118 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. solid returns are possible in 68111, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Omaha:
Property Strategy for 68111
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $87,302 | $990 | 8.2% | +10.3% | $87,302 |
| 2BR | $112,975 | $1,180 | 7.5% | +10.7% | $56,488 |
| 3BR | $143,540 | $1,560 | 7.8% | +9.1% | $47,847 |
| 4BR | $153,432 | $1,760 | 8.3% | +9.0% | $38,358 |
| 5BR | $172,480 | — | — | +8.6% | $34,496 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68111 Compare?
| Metric | 68111 | Omaha | Nebraska |
|---|---|---|---|
| Home Value | $137,447 | $273,289 | $269,423 |
| 5-Year CAGR | 5.7% | 4.6% | 6.7% |
| Avg Rent | $1,342 | $1,480 | - |
| Cap Rate | 7.6% | 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 68111 (Omaha, NE). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 68111 (Omaha, NE)?
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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 | $137,447 |
| Monthly Rent | $1,342 |
| Price-to-Rent | 8.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.7% |
| Cap Rate | 7.6% |
| 5-Year IRR | 13.3% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +12.9% ▲ |
🏠 Rent Trends
| 1-Year | -5.4% ▼ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.6%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 68111
Population: 25,118
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 68111
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 6,308 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Omaha, NE landlord-friendly?
NE ranks as a landlord-friendly state for landlord-tenant law. Omaha generally follows the statewide framework, so landlords face reasonable operating rules.
How deep is the rental pool in Omaha, NE?
The tenant pool in Omaha, NE is solid, supported by local employment and population fundamentals. Rents of $1,342/mo are well-absorbed by the market.
Is vacancy a concern in Omaha, NE?
Rental vacancy in Omaha, NE is elevated. Investors should budget normal turnover but not chronic empty units.
Does house hacking make sense in Omaha, NE?
House hacking works a challenging in Omaha, NE. Rents of $1,342/mo against $137K acquisition make the strategy solid for owner-occupants.
Where do home prices stand in Omaha, NE?
Omaha, NE median home values land near $137K. That is reasonable territory for investors looking at $1,342/mo-per-month rentals.
You know 68111 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68111 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 68111 ranks in Omaha-Council Bluffs, NE-IA
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