Markets/Nebraska/Omaha-Council Bluffs

Omaha-Council Bluffs, NE-IA Real Estate Market 2026

Investor-grade market analytics for Omaha-Council Bluffs, Nebraska. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through July 2026.

Median Home Price

$310,736

+2.3% year-over-year

Est. Rental Yield

5.5%

gross annual

12-Month Forecast

+2.3%

base case (Zillow ZHVF)

+2.3% year-over-year

Climate Risk

24/100

Very Low

Market Momentum

๐Ÿ”ฅ
Hot
1.4mo supply ยท Score +5/7

Net migration: Top 18% nationally

Income Migration

๐Ÿ“‰ Wealth Drain0.89x

In-migrants avg $64,793 AGI vs out-migrants $72,822

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Opportunity Zone Market

16 ZIP codes in Omaha-Council Bluffs are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more โ†’

Omaha-Council Bluffs Market Summary

Omaha-Council Bluffs, NE-IA shows steady growth at 2.3% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability remains favorable with a price-to-income ratio of 3.74x, below the national average of 4.8x. Modest net positive migration (+236 returns/year) provides steady demand support. Climate risk remains low (24/100), favorable for long-term investment stability. Rental yield of 5.48% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score89/100
Price-to-Income Ratio3.7x (national avg 4.8x)
Median Household Income$83,023

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+1.1%
Base Case+2.3%
Bull Case+3.4%

Climate & Natural Hazard Risk

Omaha-Council Bluffs, NE-IA's primary climate exposure is wind storms (51/100). The composite climate risk score of 24/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Omaha-Council Bluffs dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.