Real Estate Investing in Omaha, Nebraska (68136)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68136 (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.
No major risk flags on the data we track.
What’s happening in Omaha, NE (68136)?
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Market Analysis: 68136 Omaha
The 68136 ZIP covers a section of Omaha that demands careful diligence. Prices near $413K look accessible, but the work to make a deal cash flow is real.
From a cash-flow lens, the numbers look inviting — $413K purchase price, 0.0% nominal cap — the work to hit that pro forma in 68136 is substantial and deserves full respect.
Turning to rents, 68136 offers a low basis, the region around Omaha has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 68136 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. healthy returns are possible in 68136, 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 68136
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $360,600 | $1,900 | 3.8% | +5.3% | $180,300 |
| 3BR | $350,316 | $2,520 | 5.2% | +6.0% | $116,772 |
| 4BR | $433,857 | $2,840 | 4.7% | +5.6% | $108,464 |
| 5BR | $539,452 | — | — | +6.2% | $107,890 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68136 Compare?
| Metric | 68136 | Omaha | Nebraska |
|---|---|---|---|
| Home Value | $413,195 | $273,289 | $269,423 |
| 5-Year CAGR | 3.9% | 4.6% | 6.7% |
| Avg Rent | $1,898 | $1,480 | - |
| Cap Rate | 3.6% | 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 68136 (Omaha, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $413,195 |
| Monthly Rent | $1,898 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | -3.9% ▼ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 68136
Population: 21,265
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 68136
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
WESTMONT ELEMENTARY SCHOOL
FALLING WATERS ELEMENTARY SCHOOL
ACKERMAN ELEMENTARY SCHOOL
REAGAN ELEMENTARY
ROHWER 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
Which real estate strategy fits Omaha, NE?
The best-fit strategy in Omaha, NE is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How strong is the working-renter base in Omaha, NE?
The renter base in Omaha, NE is reasonable for the $1,898/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
How strong are rents in Omaha, NE?
The typical rental in Omaha, NE commands about $1,898/mo monthly. That rent profile steady cash flow against the $413K purchase basis.
Does house hacking work in Omaha, NE?
House hacking in Omaha, NE is reasonable to execute. Prices around $413K and rents of $1,898/mo solid owner-occupant economics.
What kind of market is Omaha, NE for investors?
Investors tracking Omaha, NE will find a 3.0/5 rating supported by $413K median home values and $1,898/mo rents. That profile suits long-term holders targeting steady returns.
You know 68136 now. You don’t know where it ranks.
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How 68136 ranks in Omaha-Council Bluffs, NE-IA
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