Mortgage payment estimates, closing cost breakdowns, and homebuying data for Omaha, Nebraska.
Median Home Price
$275K
Population
486K
Avg Monthly Rent
$1,180
Property Tax Rate
1.73% *
* Property tax shown is the Nebraska state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Omaha.
Omaha vs Nebraska Median
The median home price in Omaha is $275,000, which is 12% above the Nebraska state median of $245,000.
Mortgage Calculator — Omaha, NE
Pre-filled with Omaha median home price and Nebraska tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $275K home using Nebraska's 1.73% tax rate and $2,800/yr insurance.
5% Down
$2,433/mo
Down: $13,750
Loan: $261K
P&I: $1,651
Tax: $396
Insurance: $233
PMI: $152
10% Down
$2,339/mo
Down: $27,500
Loan: $248K
P&I: $1,564
Tax: $396
Insurance: $233
PMI: $144
20% Down (No PMI)
$2,020/mo
Down: $55,000
Loan: $220K
P&I: $1,391
Tax: $396
Insurance: $233
Income needed (28% rule): $87K/year with 20% down, $100K/year with 10% down.
Rent vs Buy in Omaha
Rent
$1,180/mo
vs
Buy (10% down)
$2,339/mo
Price-to-rent ratio: 19.4 — A ratio between 15-20 means the rent vs buy decision in Omaha depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Omaha is $275,000, 12% above the Nebraska state median of $245,000. With a population of 486,051, Omaha is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Nebraska average 1.73% annually. This higher-than-average tax rate means a $275,000 home in Omaha would carry roughly $396/month in property taxes alone — plan accordingly. Homeowners insurance in Nebraska runs approximately $2,800 per year. This is within the normal range nationally.
Average rent in Omaha is $1,180/month. The price-to-rent ratio in Omaha is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Omaha presents moderate affordability. The $275K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Omaha.