Real Estate Investing in Omaha, Nebraska (68117)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68117 (Omaha, NE)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 (68117)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68117 Omaha
The 68117 ZIP covers a section of Omaha that demands careful diligence. Prices near $224K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 68117 can be a worth a close look for hunting ground — but the discount at $224K reflects genuine risk that outside investors often underestimate.
Regionally, 68117 sits on the difficult end of the NE spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 68117 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. substantial returns are possible in 68117, 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 68117
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $145,692 | $1,310 | 6.5% | +7.9% | $145,692 |
| 2BR | $189,739 | $1,560 | 5.9% | +7.2% | $94,869 |
| 3BR | $221,261 | $2,070 | 6.7% | +7.1% | $73,754 |
| 4BR | $253,456 | $2,330 | 6.6% | +6.7% | $63,364 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68117 Compare?
| Metric | 68117 | Omaha | Nebraska |
|---|---|---|---|
| Home Value | $224,178 | $273,289 | $269,423 |
| 5-Year CAGR | 5.7% | 4.6% | 6.7% |
| Avg Rent | $1,700 | $1,480 | - |
| Cap Rate | 5.9% | 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 68117 (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 | $224,178 |
| Monthly Rent | $1,700 |
| Price-to-Rent | 11.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.9%). 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 68117
Population: 8,499
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 68117
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
HIGHLAND ELEMENTARY SCHOOL
SPRING LAKE MAGNET CENTER
WASHINGTON ELEMENTARY SCHOOL
EARLY CHILDHOOD CENTER AT GATEWAY
GATEWAY 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
What do rentals go for in Omaha, NE?
Average rent in Omaha, NE is approximately $1,700/mo per month. Against $224K home values that yields a reasonable rent-to-price ratio.
Are tenants stable in Omaha, NE?
Working renters make up the core of the Omaha, NE tenant base. The pool is reasonable for investors targeting long-term holds.
Is Omaha in NE worth investing in?
Our data puts Omaha, NE at 3.0/5 for investability. Home prices of $224K and rents around $1,700/mo create a solid backdrop for investor activity.
Do landlords face vacancy issues in Omaha, NE?
Expect elevated vacancy in Omaha, NE. Rents at $1,700/mo are absorbed by the tenant base without meaningful lag.
Are eviction rules reasonable in Omaha, NE?
For rental operators, Omaha, NE rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 68117 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68117 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 68117 ranks in Omaha-Council Bluffs, NE-IA
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