Real Estate Investing in Omaha, Nebraska (68137)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68137 (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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Omaha, NE (68137)?
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Market Analysis: 68137 Omaha
Not every below-median market is a bargain. Omaha's 68137 ZIP reflects signals that favor experienced operators who can absorb the risk $288K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 68137 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Turning to rents, 68137 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.
A resilient renter share of 35% in 68137 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
looks to 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 68137
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $234,532 | $1,590 | 4.9% | +7.3% | $117,266 |
| 3BR | $270,910 | $2,110 | 5.6% | +6.5% | $90,303 |
| 4BR | $343,050 | $2,380 | 5.0% | +6.6% | $85,763 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68137 Compare?
| Metric | 68137 | Omaha | Nebraska |
|---|---|---|---|
| Home Value | $288,348 | $273,289 | $269,423 |
| 5-Year CAGR | 4.8% | 4.6% | 6.7% |
| Avg Rent | $1,736 | $1,480 | - |
| Cap Rate | 4.7% | 4.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68137 (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 | $288,348 |
| Monthly Rent | $1,736 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | -11.2% ▼ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 68137
Population: 24,294
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 68137
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
What do landlords charge for rent in Omaha, NE?
Omaha, NE rentals go for roughly $1,736/mo a month. That puts gross yield in solid territory relative to $288K acquisition costs.
What is the renter demographic 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.
What is the smart move for investors in Omaha, NE?
Omaha, NE investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($288K prices, $1,736/mo rents) make it a reasonable choice.
What does house hacking look like in Omaha, NE?
House hacking in Omaha, NE is a challenging. With home values around $288K and rents at $1,736/mo, owner-occupants can offset a meaningful share of PITI.
What kind of market is Omaha, NE for investors?
Omaha, NE comes in at an investability rating of 3.0/5, with median home values near $288K and average rents around $1,736/mo. That combination puts it in the significant tier for investor interest.
You know 68137 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68137 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 68137 ranks in Omaha-Council Bluffs, NE-IA
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