Real Estate Investing in Omaha, Nebraska (68135)
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Should you buy in 68135 (Omaha, NE)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
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 (68135)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68135 Omaha
Investors eyeing 68135 need to respect the fundamentals at play. Home values of $394K come alongside slower price movement and elevated management overhead.
The 68135 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 68135 has not matched. Douglas County data supports the view that the spread is structural rather than temporary.
Who lives in 68135 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Omaha's stable or hybrid ZIPs before stepping into 68135. 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 68135
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $287,022 | $2,050 | 5.1% | +6.6% | $143,511 |
| 3BR | $310,774 | $2,720 | 6.3% | +6.2% | $103,591 |
| 4BR | $432,059 | $3,070 | 5.1% | +5.9% | $108,015 |
| 5BR | $499,222 | — | — | +6.0% | $99,844 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68135 Compare?
| Metric | 68135 | Omaha | Nebraska |
|---|---|---|---|
| Home Value | $393,860 | $273,289 | $269,423 |
| 5-Year CAGR | 4.2% | 4.6% | 6.7% |
| Avg Rent | $1,998 | $1,480 | - |
| Cap Rate | 4.0% | 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 68135 (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 | $393,860 |
| Monthly Rent | $1,998 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +5.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 68135
Population: 30,009
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 68135
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 1,471 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do rents currently stand in Omaha, NE?
Rents in Omaha, NE run near $1,998/mo. Compared with median home prices of $394K that produces solid gross yields for typical rentals.
How viable is house hacking in Omaha, NE?
House hacking works a challenging in Omaha, NE. Rents of $1,998/mo against $394K acquisition make the strategy solid for owner-occupants.
What approach is best for Omaha, NE real estate?
In Omaha, NE the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $394K prices and $1,998/mo rents suits that approach.
How quickly do rentals get leased in Omaha, NE?
Omaha, NE vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What price range are homes in Omaha, NE?
Typical homes in Omaha, NE go for around $394K. The 5-year CAGR of 0.0% steady price movement.
You know 68135 now. You don’t know where it ranks.
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How 68135 ranks in Omaha-Council Bluffs, NE-IA
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