In short
The median value of owner-occupied homes is $279,200 in Nebraska and $281,400 in the city of Omaha, against $371,100 nationwide (Census ACS 2025). On the FHFA index, Nebraska prices up 2.0% and Omaha–metro prices up 2.6% from Q2 2025 to Q2 2026.
What it costs: median value in 2025
| Area | Median value, 2025 | Margin of error (90%) |
|---|---|---|
| United States | $371,100 | ±$646 |
| Nebraska | $279,200 | ±$3,160 |
| Omaha, NE-IA metro area | $311,100 | ±$6,228 |
| Douglas County | $308,500 | ±$8,660 |
| City of Omaha | $281,400 | ±$6,469 |
Source: Census ACS 2025, table B25077; owners’ own estimates, not sale prices.
Three points stand out:
- The Nebraska median is $91,900 below the national median.
- The city of Omaha sits $2,200 above the Nebraska median, but $29,700 below the Omaha metro median. Homes in the suburbs and in the Iowa part of the metro area pull the metro figure up.
- The margin of error for the city of Omaha (±$6,469) is a larger share of the median than the state’s (±$3,160), because the city sample is smaller. The true city median is very likely between about $274,900 and $287,900.
How prices have moved: the FHFA index
| Area | 1-year change (Q2 2025 to Q2 2026) | 5-year change (Q2 2021 to Q2 2026) |
|---|---|---|
| United States | +2.1% | +33.4% |
| Nebraska | +2.0% | +33.6% |
| Omaha, NE-IA metro area | +2.6% | +33.0% |
Source: FHFA HPI, purchase-only, Q2 2026 (release of August 25, 2026); changes by Payotte.
Nebraska prices rose at about the national pace over the past year and over five years. The Omaha metro index rose slightly faster than the state over the last year.
A worked example
Take an Omaha-area home worth $270,000 in the second quarter of 2021. Tracking the Omaha, NE-IA metro index exactly, it would have been worth about $359,000 in the second quarter of 2026 (+33.0%). Over the last year alone, a home worth $350,000 in the second quarter of 2025 would have gained about $9,100 (+2.6%). A single home can differ widely from the index.
How to use these figures when buying
Related: Nebraska closing costs guide, buying a home in Omaha and Nebraska first-time buyer programs.
Method and dataset
ACS median value. ACS 1-Year 2025, table B25077. Geographies: United States (0100000US), Nebraska (0400000US31), Omaha, NE-IA Metro Area (310M700US36540), Douglas County (0500000US31055), Omaha city (1600000US3137000). Values read from the Census Bureau’s ACS 2025 one-year summary file (table B25077) on November 4, 2026. The definition of value comes from the ACS 2025 Subject Definitions.
FHFA index. FHFA HPI (purchase-only, seasonally adjusted), state series (Nebraska), metro series (Omaha, NE-IA, CBSA 36540) and U.S. series. Index values used: Nebraska 428.60 (Q2 2025), 327.20 (Q2 2021) and 437.28 (Q2 2026); Omaha, NE-IA 419.09, 323.47 and 430.06; United States 426.58, 326.58 and 435.69.
Frequently asked questions
What is the median home value in Nebraska?
Nebraska’s 2025 ACS median home value is $279,200 (±$3,160), against $371,100 for the nation: owners’ own estimates, not sale prices.
What is the median home value in Omaha?
For the city of Omaha, the 2025 ACS median value is $281,400 (±$6,469). Douglas County is at $308,500 and the Omaha, NE-IA metro area at $311,100.
Are Nebraska home prices going up or down?
FHFA’s purchase-only index shows Nebraska prices rose 2.0% over the year to Q2 2026, and the Omaha, NE-IA metro area rose 2.6%. Over five years, they rose 33.6% and 33.0%.
How Nebraska compares with the other States
Nebraska ranks 37th of 50 for median home value ($279,200), 25% below the national $371,100.
The States closest in median value are North Dakota ($281,700) and Missouri ($271,400). The range runs from $176,300 in West Virginia to $901,500 in Hawaii; Nebraska is $67,300 below the middle of that ranking (Georgia).
On the FHFA index, Nebraska prices rose 2% over the year to the second quarter of 2026, which places the State 31st of 50 and level with the nation (+2.1%). Over five years the gain is +33.6% (35th of 50; nation +33.4%).
Nebraska sits in the middle of the pack on at least one of the two measures: 37th for the level, 31st for the one-year change.
Over five years, Nebraska's +33.6% annualises to +6% a year (nation +5.9%). The latest year (+2%) is 4 points under that average, a slower pace than the five-year average.
Omaha, the main city, has a median of $281,400, 34th of the 49 main cities Payotte covers. That is level with the Nebraska median, a premium that ranks 31st of 49.
The one-year FHFA change runs from -1.2% in New Mexico to +8.3% in Alaska. Nebraska (+2%) is 6.3 points below the top and 3.2 above the bottom; Oklahoma (+2%) and Georgia (+1.9%) are the nearest to it.
For scale, 20% of the Nebraska median is $55,840, against $74,220 at the national median.
Compare with the other states: Median home price by state.
More Nebraska guides
- Closing costs in Nebraska: what buyers and sellers pay
- Nebraska transfer tax: $3.32 per $1,000, charged to the seller
- Nebraska property tax: Omaha rates and homestead exemption
- Seller disclosure requirements in Nebraska
- Do you need a real estate attorney to close in Nebraska?
- Foreclosure process in Nebraska
- First-time home buyer programs in Nebraska (NIFA)
- How to verify a real estate license in Nebraska
Sources
- Census Bureau, ACS 1-Year 2025, table B25077 (consulted November 4, 2026)
- American Community Survey 2025 Subject Definitions (U.S. Census Bureau) (consulted November 4, 2026)
- Census Bureau, 2025 ACS release schedule (consulted November 4, 2026)
- FHFA news release, August 25, 2026 (consulted October 13, 2026)
- FHFA HPI datasets (quarterly, purchase-only) (consulted October 13, 2026)