Explore what makes people want to live in Omaha— and learn everything you need to know about buying property here with our detailed guide! No matter your lifestyle, this city has it all: stunning neighborhoods, lots to do culturally, and a very stable, reasonably priced housing market. So, come on a journey with us as we reveal why Omaha could be America’s best-kept secret compared to other Midwestern towns of similar size.
The Appeal of Omaha
Omaha is a hidden jewel in the Midwest, abundant with friendly locals and city life. With more than 485,000 residents coming from all walks of life, it’s easy to see why this place has so much charm. Whether you love food (especially steak!), music, or simply having a good time– there is an event for everyone in Omaha!
People love living in Omaha because it has so much to offer. This Midwestern city is praised for its fantastic quality of life. There are many amenities and great schools, and if you fancy going out for dinner, you’ll find delicious eat-outs that serve cuisines from all across the globe.
Omaha’s parks aren’t just old green spaces; they’re stunning! Locals can’t get enough of places like Heartland of America Park and Lewis & Clark Landing, where you’ll get beautiful views of the Missouri River. This city excels at leisure facilities, though—education is also top-notch. Westside High School and Creighton University are two of the most renowned education facilities in the city, serving students throughout the city!
Economic Opportunities
Omaha is a land of economic opportunities. Several Fortune 500 companies, such as Berkshire Hathaway, Union Pacific Corporation, and Mutual of Omaha, are among its biggest employers. In addition to these corporate behemoths, there are many jobs in major sectors like healthcare, education, finance, insurance, and transportation/logistics.
The latest figures from the US Bureau of Labor Statistics show that Omaha’s unemployment rate is a mere 3.5% (less than the national average of 4.5%).
The Real Estate Market in Omaha is Exponentially Growing
Affordability and Value
Omaha is a city on the rise with its unique sparkle. People love the excellent schools, busy downtown area, and feeling of community. But what makes Omaha unique is that you can buy a house here without spending a fortune.
Data from Zillow shows that the median home prices are much lower than the national average, meaning first-time buyers might find a great deal. Because Omaha has many different neighborhoods, there are housing options to fit families of all shapes and sizes.
Some of the most popular ones are:
- Benson: Are you interested in an area with many locally owned businesses that have live music concerts throughout the year? Then Benson could be the spot for you.
- Aksarben/Elmwood Park: Do parks and outdoor activities for kids sound good? The Aksarben/Elmwood Park area might be worth a look.
- Dundee-Happy Hollow Historic District: Or Dundee-Happy Hollow Historic District, which feels like suburbia but is still close enough to downtown if adults want some nightlife.
Real Estate Market Insights
Over the past year, Omaha’s housing market has consistently grown: typical homes are now worth 3.7% more ($284,747) than a year ago. Properties here go from listed to sale pending in just six days on average— suggesting that there are more buyers than sellers.
This is good news for anyone wanting to buy and rent houses out (landlords): plenty of tenants are around. Rental properties may appeal to university students, young professionals with jobs or families, or even retirees who like peaceful, quiet suburban life.
Investors who plan to hold onto their properties for some time may also profit from ongoing changes planned within Omaha city limits. One such project is the Riverfront Revitalization, which will introduce new residential and commercial spaces and improve public transport links. If growth continues as expected, there will be more opportunities to make money from real estate or property in Nebraska!
Buying Process
Buying real estate in Omaha, NE, may initially appear intimidating, but with the right approach and guidance, it can be a smooth experience. Understanding your needs before searching for properties on your own or in the MLS.
Local real estate agents are invaluable allies: they know the area backward, have insight into market trends, and can identify houses that suit both your needs and your pocket. And when it comes to making an offer or negotiating a deal, you’ll want one by your side.
It’s not just the cost of the house you’ll need to budget for. There are taxes to consider, plus inspection fees and other extras. Don’t worry if things take a while. Generally speaking, most sellers will be happy negotiating with potential buyers provided they come up against someone serious enough!
Living in Omaha
Cultural and Recreational Activities
Omaha is a vibrant city with various cultural and recreational activities. If you love the arts, check out places like the Joslyn Art Museum and the Bemis Center for Contemporary Arts, which display pieces from around the world and local art.
Do you want to spend time outdoors but still be close to home? Take a walk in one of Omaha’s lovely parks: Gene Leahy Mall or Heartland of America Park. These locations also host several events throughout the year, such as free concerts or special community days.
If you love being outdoors, Omaha has lots to offer: biking, boating, kayaking, bird watching, adventure sports—it’s all here! For example, Platte River State Park has hiking trails; Zorinsky Lake is a fisherman’s delight; and Cunningham Lake is a bike ride away, where you can enjoy lovely views.
Education and Healthcare
Omaha is famous for its thriving business and culture and its excellent healthcare and education. It has a variety of top-notch public and private schools and world-class universities, such as Creighton University and the University of Nebraska Omaha.
The city also has an impressive healthcare system, boasting highly rated hospitals such as Nebraska Medical Center and CHI Health Creighton University Medical Center. Here, patients can expect top-notch care from some of the best doctors and nurses around– all while being treated with state-of-the-art medical technology.
Community and Lifestyle
While Omaha may be best known for its steaks and the College World Series, the community itself makes this city special.
Residents also come together annually to enjoy festivals and events celebrating their interests. Two examples include the Berkshire Hathaway Annual Meeting (an international event) and Taste of Omaha (food from area restaurants).
Omaha’s strong sense of community is bolstered by its wide range of shopping and dining choices. Dario’s Brasserie, Block 16, and Vidlak’s Brookside are among the many restaurants offering dishes from all corners of the globe—perfect for those who love good food!
If shopping is more your thing, you’re in luck: Omaha has loads of great options. For big–name stores, head to Westroads Mall or Village Pointe Shopping Center; if independent boutiques are more up your street, try Scout: Dry Goods & Trade or Made In Omaha Marketplace.
Transportation and Accessibility
Getting around in Omaha is a breeze thanks to the many transportation options available. Whether you like to drive yourself or be driven, fly solo, or take a train with friends– this city has got your back!
If flying is your thing, then you’re in luck: With airports like Eppley Airfield and Millard Airport (well-known internationally), it’s super easy to get here from anywhere in the world.
Once inside the borders, there are lots of ways to travel, too. Metro Transit operates buses all over town, while the Omaha Rapid Bus Transit whisks passengers across town quickly—great for those tight on time.
Omaha also benefits from having major interstates in its road network (e.g., I-80 connects east-west, I-29 connects north-south), meaning drivers can move between neighboring states speedily.
Overall Conclusion on Living and Buying Real Estate in Omaha
Overall, Omaha, Nebraska, offers residents an excellent quality of life that is appealing and affordable—plus a strong sense of community. If you’re a young professional seeking job opportunities, you’ll be spoilt for choice in this city.
Families and older folk also appreciate feeling safe here, which makes Omaha a fantastic location to live long-term. Another reason why investing in Omaha could make good sense is that the city’s property market looks promising! It’s beautiful and has a wide-ranging appeal, meaning everyone can build their dream lifestyle from scratch if need be!