Metro area index
Home appreciation in the Omaha, NE-IA metro area
FHFA HPI® data shows the Omaha, NE-IA metro area's all-transactions index changed +4.2% over the year to Q2 2026, versus +3.2% for Nebraska and +3.0% for the U.S. That ranks 148th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +4.2%
- 5-year change
- +40.1%
- Since Q1 1995
- +249%
- Metro rank (1 year)
- 148th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Omaha, NE-IA vs Nebraska and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Omaha, NE-IA: 348.6
- Nebraska: 349.5
- United States: 391.6
Appreciation by time window
| Window | Metro | NE | U.S. | Gap vs NE | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.2% | +3.2% | +3.0% | +1.0 pts | +1.1 pts |
| 3 years | +11.4% | +12.7% | +12.9% | −1.3 pts | −1.5 pts |
| 5 years | +40.1% | +41.1% | +41.3% | −1.0 pts | −1.1 pts |
| 10 years | +95.1% | +91.4% | +93.3% | +3.7 pts | +1.8 pts |
| Since Q1 1995 | +249% | +249% | +292% | −0.9 pts | −43.0 pts |
3-digit ZIP regions in the Omaha, NE-IA area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 681 · Omaha, NE area | NE | +3.8% | +38.2% | +243% | 100% |
| 515 · Council Bluffs, IA area | IA | +3.8% | +47.3% | +288% | 83% |
| 680 · Fremont, NE area | NE | +3.6% | +41.9% | +249% | 75% |
Boom, bust, and recovery in Omaha, NE-IA area
Omaha, NE-IA area's index peaked in Q2 2007, fell 5.2% to its low in Q2 2011, and regained its peak in Q3 2014, about 7.2 years after the top. Today it sits +110% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q2 2007 | Q2 2011 | -5.2% | Q3 2014 (7.2 yrs) | +110% |
| NE | Q1 2008 | Q2 2011 | -2.9% | Q1 2013 (5 yrs) | +117% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Omaha, NE-IA area's index has changed +57.4% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | NE after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +0.3% | -0.6% | -0.8% |
| 3 years | +9.8% | +1.4% | +2.6% | +2.8% |
| 5 years | +24.0% | +13.0% | +13.8% | +13.9% |
| 10 years | +39.1% | +40.3% | +37.6% | +39.0% |
| Since Q1 1995 | +121% | +57.4% | +57.8% | +76.8% |
If you bought in the Omaha, NE-IA area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +240% | $1,020,076 |
| Q2 2000 | +165% | $795,315 |
| Q2 2005 | +117% | $650,541 |
| Q2 2010 | +117% | $651,149 |
| Q2 2015 | +103% | $608,661 |
| Q2 2020 | +57.1% | $471,367 |
| Q2 2021 | +40.1% | $420,408 |
| Q2 2023 | +11.4% | $334,126 |
| Q2 2025 | +4.2% | $312,451 |
Frequently asked questions
- How much have home prices risen in the Omaha, NE-IA area?
- FHFA HPI® data for the Omaha, NE-IA metro area shows changes of +4.2% over one year, +40.1% over five years, and +95.1% over ten years to Q2 2026, and +249% since Q1 1995.
- Is the Omaha, NE-IA area beating the national average?
- Over the past year the metro's index moved +1.1 pts versus the U.S.; over five years the gap is −1.1 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.