Real Estate Investing in Omaha, Nebraska (68134)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68134 (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 (68134)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68134 Omaha
Turning to rents, ZIP 68134 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $262K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $262K asset, 68134 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 68134 and stronger Omaha ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Looking more closely, 30,231 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.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Omaha:
Property Strategy for 68134
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $220,090 | $1,320 | 4.3% | +6.4% | $110,045 |
| 3BR | $246,741 | $1,750 | 5.1% | +6.6% | $82,247 |
| 4BR | $292,103 | $1,970 | 4.9% | +6.1% | $73,026 |
| 5BR | $333,991 | — | — | +6.4% | $66,798 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68134 Compare?
| Metric | 68134 | Omaha | Nebraska |
|---|---|---|---|
| Home Value | $261,985 | $273,289 | $269,423 |
| 5-Year CAGR | 4.7% | 4.6% | 6.7% |
| Avg Rent | $1,023 | $1,480 | - |
| Cap Rate | 3.1% | 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 68134 (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 | $261,985 |
| Monthly Rent | $1,023 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | -10.0% ▼ |
| 3-Year CAGR | -2.3% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 68134
Population: 30,231
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 68134
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
FONTENELLE ELEMENTARY SCHOOL
HILLSIDE ELEMENTARY SCHOOL
BENSON WEST ELEMENTARY SCHOOL
HARTMAN ELEMENTARY SCHOOL
WAKONDA 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 6,308 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which investment style suits Omaha, NE?
In Omaha, NE the solid play is typically careful cash-flow rentals with hands-on management. The combination of $262K prices and $1,023/mo rents suits that approach.
Are renters plentiful in Omaha, NE?
Expect a solid tenant pool in Omaha, NE. The rental market absorbs $1,023/mo rents without meaningful friction.
How does Omaha, NE rate as a rental market?
Investors tracking Omaha, NE will find a 3.0/5 rating supported by $262K median home values and $1,023/mo rents. That profile suits long-term holders targeting stable returns.
Do rentals sit vacant long in Omaha, NE?
Occupancy in Omaha, NE runs even-keeled with elevated vacancy. Well-priced units at $1,023/mo lease on reasonable timelines.
How landlord-friendly is Omaha, NE?
NE law landlord-friendly for landlords, and Omaha inherits those rules. Investors should still review local ordinances for rental licensing.
You know 68134 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68134 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 68134 ranks in Omaha-Council Bluffs, NE-IA
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