Market Stability: Omaha stands out as a stable and opportunity-rich market for real estate investors, driven by steady population growth, strong rental demand, and a diversified economy.
Rental Market Competitiveness: Ranked 7th nationally, Omaha averages 13 applicants per available unit, with a low vacancy period of just 32 days, signaling strong tenant demand.
Rental Growth Projections: Rental rates are forecasted to increase by 3.7% annually, supported by stabilizing occupancy and limited new supply coming online.
Construction Trends: New apartment completions are projected to decline by over 41% year-over-year, tightening supply and further supporting rent growth potential.
Sustained Population Growth: The metro area now exceeds 1 million residents, adding 7,600+ people in 2023 alone—its highest post-pandemic gain. Growth is driven by affordability, job opportunities, and corporate relocations, fueling long-term housing demand.
Job Market Strength: Omaha’s unemployment rate remains well below the national average at 2.4%, reflecting economic resilience and a healthy employment base that underpins real estate stability.