Real Estate Investing in Omaha, Nebraska (68164)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68164 (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 (68164)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68164 Omaha
Investors eyeing 68164 need to respect the fundamentals at play. Home values of $297K come alongside slower price movement and elevated management overhead.
Rent of $1,296/mo on a $297K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 68164 sits below the stated 0.0% once reality is priced in.
The gap between 68164 and stronger Omaha ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A durable renter share of 36% in 68164 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
trends 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 68164
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $295,006 | $1,560 | 3.8% | +6.1% | $147,503 |
| 3BR | $271,428 | $2,070 | 5.5% | +6.3% | $90,476 |
| 4BR | $406,127 | $2,330 | 4.1% | +6.1% | $101,532 |
| 5BR | $461,586 | — | — | +6.0% | $92,317 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68164 Compare?
| Metric | 68164 | Omaha | Nebraska |
|---|---|---|---|
| Home Value | $296,844 | $273,289 | $269,423 |
| 5-Year CAGR | 4.3% | 4.6% | 6.7% |
| Avg Rent | $1,296 | $1,480 | - |
| Cap Rate | 3.4% | 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 68164 (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 | $296,844 |
| Monthly Rent | $1,296 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | -1.1% ▼ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +4.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 68164
Population: 28,764
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 68164
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
CRESTRIDGE MAGNET CENTER
PICOTTE ELEMENTARY SCHOOL
SADDLEBROOK ELEMENTARY SCHOOL
COTTONWOOD ELEMENTARY SCHOOL
COLUMBIAN 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 strong is the working-renter base in Omaha, NE?
Expect a solid tenant pool in Omaha, NE. The rental market absorbs $1,296/mo rents without meaningful friction.
Is rental property easy to operate in Omaha, NE?
Rental owners in Omaha, NE deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Does house hacking make sense in Omaha, NE?
Omaha, NE offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,296/mo rent level.
What is the typical vacancy rate in Omaha, NE?
Vacancy in Omaha, NE is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,296/mo.
What do rentals go for in Omaha, NE?
Investors in Omaha, NE typically see rents near $1,296/mo per month against $297K home values - a solid setup for rental cash flow.
You know 68164 now. You don’t know where it ranks.
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How 68164 ranks in Omaha-Council Bluffs, NE-IA
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