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Omaha city, NE

ZIP 68111 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 68111

Median Home Value
$101,800
Median Rent
$816
Affordability Snapshot
$28,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$654/mo PITI).

24%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

10.4 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 68111 in Omaha city, NE, a household would need roughly $28,000 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 $654. That sits below the local median household income ($41,010), 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

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
39.1%-40% vs US avg
x
Vacancy Rate
10.6%+3% vs US avg
x
Broadband Access
84.9%-2% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
8.1%-37% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
35.5%-29% vs US avg
x
Mortgage-Free
41.8%+9% vs US avg
x
$101,800
Home Value
$816
Rent
1948
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached84.3%
  • 1-unit attached3.1%
  • 2-9 units5.1%
  • 10+ units6.0%
  • Mobile home & other1.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$101,800
Median rent$816
Owner-occupied39.1%
Vacant10.6%
Price-to-income2.5x
Est. income to buy$28,000