If you're watching the Omaha real estate market, one of the most important numbers to track is the median home value. It tells us how home prices are trending and gives both buyers and sellers a quick snapshot of market direction.

As of February 2026, the data shows that Omaha home prices remain steady with long term growth still intact.

Current Median Home Value in Omaha

Here are the headline numbers from the latest update:

• Median Estimated Home Value: $288,800
• 1 Month Change: -0.2%
• 12 Month Change: +1.9%

The month over month change is a small dip, but the year over year number is still positive. That usually points to a market that is stabilizing rather than reversing.

Omaha vs Nebraska and the U.S.

The chart compares Omaha to Washington County, the Nebraska statewide trend, and the U.S. trend.

• Omaha home values track closely with the overall Nebraska trend
• The U.S. line shows higher appreciation overall, but with more volatility
• Washington County has shown slightly stronger appreciation than Omaha in recent years

Omaha is often viewed as a more stable market because it tends to avoid the dramatic spikes and drops you see in some larger metros.

Long Term Omaha Housing Market Trend

Looking back to 2008, the long term direction is clear: Omaha home values have risen steadily over time. The most notable acceleration happened in the 2020 to 2023 period, which lines up with the broader housing surge.

What stands out here is that Omaha’s growth curve looks more sustainable compared to the national line.

What This Means for Home Buyers

• Prices are holding steady, which can make planning easier
• Omaha remains more affordable than many U.S. markets
• Long term appreciation still appears to be the trend

If you are buying a home in Omaha, this type of market typically rewards smart choices and long term ownership.

What This Means for Home Sellers

• Values are still up year over year, which supports equity
• The market appears to be normalizing, so pricing strategy matters more
• Conditioning and presentation can make a bigger difference than it did in the frenzy years

Sellers who price correctly and show the home well usually win faster and with fewer headaches.