Nebraska Housing Market Trends

Real-time market data powered by Zillow Research. Last updated: 2026-04-02

Omaha's housing market has been remarkably steady, appreciating consistently without the boom-bust cycles seen in more volatile markets. The western suburbs (Elkhorn, Gretna, Bennington) are the fastest-growing areas, with extensive new construction in master-planned communities. Omaha's status as a Fortune 500 hub provides a stable employment base that supports housing demand. Lincoln's market is driven by the University of Nebraska and state government, with particularly tight inventory near campus and in the South Lincoln growth corridor.

By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Zillow Research, U.S. Census

Is Now a Good Time to Buy in Nebraska?

The Nebraska housing market is showing balanced conditions.

home values have grown a moderate 3.1% year-over-year. there are currently 352 homes on the market.

Median Home Value

$271,338

Zillow Home Value Index

Year-over-Year

+3.1%

Home value change

5-Year Change

+34.2%

Since 2021

Median Rent

$1,243/mo

Zillow Observed Rent Index

Active Listings

352

Homes for sale

Home Value Trends

5-year Zillow Home Value Index (ZHVI) for Nebraska vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.

Rent Trends

Average rent in Nebraska: $1,243/mo (+3.7% YoY)

Rent vs. Buy Analysis

With a median home value of $271,338 and average rent of $1,243/mo, the price-to-rent ratio in Nebraska is 18.2. A ratio of 15-21 means it could go either way — run the numbers.

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