The typical owner-occupied home in Omaha is worth about $106,000, 63% below the Texas median of $283,800 and 68% below the national median of $332,700. Owners pay a median $1,506 a year in property taxes, about 1.42% of their home's value, close to the Texas rate of 1.49%. The median household earns $55,500 a year, so the median home costs 1.9 times the median income (3.6 times for Texas). 72% of occupied homes here are lived in by their owners, and 35% of those owners still have a mortgage.
Omaha at a glance
| Omaha | Texas | U.S. | |
|---|---|---|---|
| Median home value | $106,000 | $283,800 | $332,700 |
| Median property tax paid per year | $1,506 | $4,232 | $3,119 |
| Property tax as a share of value | 1.42% | 1.49% | 0.94% |
| Median household income | $55,500 | $78,476 | $80,734 |
| Homes lived in by their owners | 72% | 63% | 65% |
| Owner homes with a mortgage | 35% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,123 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 15.7% | 21.7% | 21.0% |
| Median rent | – | $1,403 | $1,413 |
| Rent as a share of renters' income | 18.4% | 30.9% | 30.6% |
| Median year homes were built | 1974 | 1992 | 1980 |
| Vacant homes | 6.3% | 9.4% | 10.1% |
| Population | 1,316 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Omaha
At this week's average 30-year rate of 7.11%, buying the median Omaha home of $106,000 with 20% down costs about $740 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $917, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $31,717 for the 20%-down payment. That payment is 16% of the median Omaha household income of $55,500; at that income and 20% down, the 28% guideline points to a home of about $185,000.
| Down payment | $21,200 |
|---|---|
| Loan amount | $84,800 |
| Principal and interest | $570 |
| Property taxes (1.42% a year) | $125 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $740 |
Change the numbers in the calculator
| Down payment | $3,710 |
|---|---|
| Loan amount | $104,080 |
| Principal and interest | $700 |
| Property taxes (1.42% a year) | $125 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $47 |
| Total per month | $917 |
Change the numbers in the calculator
Questions about home buying in Omaha
What is the median home value in Omaha?
About $106,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Omaha?
Homeowners pay a median $1,506 a year, which is about 1.42% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Omaha?
For the median home with 20% down at 7.11%, the payment is about $740 a month. Keeping that under 28% of gross income takes about $31,717 a year.
More about Omaha
- Mortgage Refinance in Omaha
- Debt Relief in Omaha
- Home Equity Loans in Omaha
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data