Updated 2026 · Based on median market data for Omaha, NE
The median monthly rent in Omaha, NE is $1,280, translating to $15,360 in annual gross rental income per unit. The rent-to-price ratio is 0.52% — well below the 1% rule, making pure cash flow investing challenging at median prices.
Renters in Omaha spend approximately 26% of the local median household income ($60,200) on rent. This is within the healthy 25-30% range, indicating rent is affordable relative to local incomes. There may be room for moderate rent increases, especially for updated or well-located units.
The vacancy rate in Omaha is 5.2%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.8% annually provides stable demand.
Omaha's GRM (price divided by annual rent) is 16.0x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,280/mo, a single-family rental in Omaha generates approximately $15,360 in gross annual income. After accounting for 5.2% vacancy ($799 lost), property taxes of $4,043, insurance (~$980), and maintenance (~$980), the estimated NOI is $8,559 per year, or $713/mo.