Real Estate Investing in Omaha, Nebraska (68114)
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Should you buy in 68114 (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 middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Omaha, NE (68114)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68114 Omaha
The 68114 ZIP in Omaha, NE is a local-operator market. Outside capital chasing a $314K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $314K asset, 68114 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 68114 among NE's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 68114 includes headwinds that any investor should price in. Income distribution skews lower than Omaha averages, and tenant stability requires active management.
New investors are better served looking at Omaha's stable or hybrid ZIPs before stepping into 68114. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Omaha:
Property Strategy for 68114
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $276,783 | $1,550 | 4.0% | +6.6% | $138,391 |
| 3BR | $256,895 | $2,050 | 5.7% | +6.2% | $85,632 |
| 4BR | $513,009 | $2,320 | 3.3% | +6.2% | $128,252 |
| 5BR | $836,105 | — | — | +7.1% | $167,221 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68114 Compare?
| Metric | 68114 | Omaha | Nebraska |
|---|---|---|---|
| Home Value | $313,661 | $273,289 | $269,423 |
| 5-Year CAGR | 4.4% | 4.6% | 6.7% |
| Avg Rent | $1,411 | $1,480 | - |
| Cap Rate | 3.5% | 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 68114 (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 | $313,661 |
| Monthly Rent | $1,411 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 68114
Population: 17,364
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 68114
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BOYD ELEMENTARY SCHOOL
DODGE ELEMENTARY SCHOOL
DUNDEE ELEMENTARY SCHOOL
EDISON ELEMENTARY SCHOOL
WESTGATE 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 real estate in Omaha, NE a good investment right now?
Omaha, NE scores 3.0/5 for investability. Home values sit at $314K and rents near $1,411/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What are rental rates like in Omaha, NE?
Average rent in Omaha, NE is approximately $1,411/mo per month. Against $314K home values that yields a reasonable rent-to-price ratio.
What type of investing works in Omaha, NE?
Investors usually favor careful cash-flow rentals with hands-on management in Omaha, NE. With home values at $314K and rents near $1,411/mo, other strategies can work but produce steady rather than outsized returns.
How qualified is the tenant pool in Omaha, NE?
Expect a solid tenant pool in Omaha, NE. The rental market absorbs $1,411/mo rents without meaningful friction.
How strict are landlord regulations in Omaha, NE?
Rental owners in Omaha, NE deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 68114 now. You don’t know where it ranks.
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How 68114 ranks in Omaha-Council Bluffs, NE-IA
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