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Omaha city, NE

ZIP 68118 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 68118

Median Home Value
$364,500
Median Rent
$1,549
Affordability Snapshot
$100,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,341/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 68118 in Omaha city, NE, a household would need roughly $100,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,341. That sits below the local median household income ($137,358), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
80.9%+24% vs US avg
x
Vacancy Rate
2.5%-76% vs US avg
x
Broadband Access
98.0%+13% vs US avg
x
4+ Bedrooms
17.4%+17% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
13.6%-73% vs US avg
x
Mortgage-Free
33.7%-12% vs US avg
x
$364,500
Home Value
$1,549
Rent
1996
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached77.1%
  • 1-unit attached12.9%
  • 2-9 units2.9%
  • 10+ units6.6%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$364,500
Median rent$1,549
Owner-occupied80.9%
Vacant2.5%
Price-to-income2.7x
Est. income to buy$100,000