Real Estate Investing in Omaha, Nebraska (68102)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68102 (Omaha, NE)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.5% of homes vacant — above national norms.
- 1-year downturn: Values declined 4.5% in the last year.
What’s happening in Omaha, NE (68102)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 68102 Omaha
ZIP 68102 in Omaha, NE carries a impressive set of headwinds. Home values near $275K and rents of $1,315/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 68102 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader NE picture, 68102 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 68102 ZIP's population of 9,311 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Distressed ZIPs reward experience. impressive returns are possible in 68102, 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 68102
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $221,114 | $1,430 | 4.7% | +5.4% | $221,114 |
| 2BR | $437,402 | $1,700 | 2.8% | +4.9% | $218,701 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 68102 Compare?
| Metric | 68102 | Omaha | Nebraska |
|---|---|---|---|
| Home Value | $275,258 | $273,289 | $269,423 |
| 5-Year CAGR | 2.1% | 4.6% | 6.7% |
| Avg Rent | $1,315 | $1,480 | - |
| Cap Rate | 3.7% | 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 68102 (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 | $275,258 |
| Monthly Rent | $1,315 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | -4.5% ▼ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +3.1% ▲ |
🏠 Rent Trends
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 68102
Population: 9,311
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 68102
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
KENNEDY ELEMENTARY SCHOOL
CONESTOGA MAGNET ELEMENTARY SCHOOL
FRANKLIN ELEMENTARY SCHOOL
JACKSON ELEMENTARY SCHOOL
BANCROFT 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
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.
Is Omaha, NE better for rentals, flips, or BRRRR?
For Omaha, NE, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What are rental rates like in Omaha, NE?
Average rent in Omaha, NE is approximately $1,315/mo per month. Against $275K home values that yields a reasonable rent-to-price ratio.
Should investors consider Omaha, NE?
With a 3.0/5 investability score, Omaha, NE ranks as a solid market for rental property investors. Median prices of $275K and rents of $1,315/mo drive the underlying numbers.
What is the median home value in Omaha, NE?
Expect median prices around $275K in Omaha, NE. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
You know 68102 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 68102 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 68102 ranks in Omaha-Council Bluffs, NE-IA
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