Real Estate Investing in Omaha, Nebraska (68154)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68154 (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 (68154)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68154 Omaha
From a cash-flow lens, ZIP 68154 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $365K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $365K asset, 68154 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Omaha have seen price recovery that 68154 has not matched. Douglas County data supports the view that the spread is structural rather than temporary.
Who lives in 68154 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 68154 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Omaha:
Property Strategy for 68154
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $258,992 | $1,370 | 3.8% | +6.5% | $129,496 |
| 3BR | $309,030 | $1,820 | 4.2% | +6.4% | $103,010 |
| 4BR | $419,860 | $2,050 | 3.5% | +6.0% | $104,965 |
| 5BR | $567,145 | — | — | +6.2% | $113,429 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68154 Compare?
| Metric | 68154 | Omaha | Nebraska |
|---|---|---|---|
| Home Value | $365,022 | $273,289 | $269,423 |
| 5-Year CAGR | 4.5% | 4.6% | 6.7% |
| Avg Rent | $1,275 | $1,480 | - |
| Cap Rate | 2.7% | 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 68154 (Omaha, NE). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 68154 (Omaha, NE)?
~25 seconds · no account needed · your report is anonymous
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 | $365,022 |
| Monthly Rent | $1,275 |
| Price-to-Rent | 23.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 68154
Population: 23,232
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 68154
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
OAK VALLEY ELEMENTARY SCHOOL
BEVERIDGE MAGNET MIDDLE SCHOOL
FULLERTON MAGNET CENTER
JOSLYN ELEMENTARY SCHOOL
SUNNY SLOPE 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
How does Omaha, NE rate as a rental market?
Omaha, NE rates 3.0/5 for investability. With median values at $365K and rents near $1,275/mo, the market offers reasonable fundamentals for rental investors.
Is Omaha, NE a friendly market for rental owners?
For rental operators, Omaha, NE rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much do tenants pay in Omaha, NE?
Expect rents around $1,275/mo per month in Omaha, NE. With home values at $365K, the yield math works out to reasonable levels for rental investors.
What are vacancy rates like in Omaha, NE?
Vacancy in Omaha, NE is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,275/mo.
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.
You know 68154 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68154 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 68154 ranks in Omaha-Council Bluffs, NE-IA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 68154 (Omaha)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 68154 (Omaha, NE).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.