Real Estate Investing in Omaha, Nebraska (68132)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68132 (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 (68132)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68132 Omaha
This part of Douglas County is not an easy win. The 68132 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 68132 is impressive only for operators who understand what they are buying. A $370K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader NE picture, 68132 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 68132 includes headwinds that any investor should price in. Income distribution skews lower than Omaha averages, and tenant stability requires active management.
The 68132 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Omaha:
Property Strategy for 68132
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $218,699 | $1,180 | 3.9% | +7.2% | $109,350 |
| 3BR | $320,081 | $1,560 | 3.5% | +5.9% | $106,694 |
| 4BR | $500,235 | $1,760 | 2.5% | +6.2% | $125,059 |
| 5BR | $698,566 | — | — | +6.5% | $139,713 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68132 Compare?
| Metric | 68132 | Omaha | Nebraska |
|---|---|---|---|
| Home Value | $370,342 | $273,289 | $269,423 |
| 5-Year CAGR | 4.3% | 4.6% | 6.7% |
| Avg Rent | $1,325 | $1,480 | - |
| Cap Rate | 2.8% | 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 68132 (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 | $370,342 |
| Monthly Rent | $1,325 |
| Price-to-Rent | 23.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +12.0% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +7.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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 68132
Population: 14,245
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 68132
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
KENNEDY ELEMENTARY SCHOOL
FONTENELLE ELEMENTARY SCHOOL
WASHINGTON ELEMENTARY SCHOOL
HILLSIDE ELEMENTARY SCHOOL
FRANKLIN 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 6,308 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Omaha, NE?
Omaha, NE home values average about $370K. That price point suits investors targeting rentals with $1,325/mo in monthly income.
What is the average monthly rent in Omaha, NE?
Rent in Omaha, NE is around $1,325/mo. The resulting rent-to-value relationship with $370K pricing is reasonable for most investor models.
What is it like being a landlord in Omaha, NE?
NE law landlord-friendly for landlords, and Omaha inherits those rules. Investors should still review local ordinances for rental licensing.
What does house hacking look like in Omaha, NE?
The a challenging house-hack environment in Omaha, NE reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the typical renter like in Omaha, NE?
Omaha, NE offers a reliable renter base at the $1,325/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 68132 now. You don’t know where it ranks.
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How 68132 ranks in Omaha-Council Bluffs, NE-IA
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