New Construction
New construction is most active in Sarpy County, in Papillion, La Vista, and Gretna, with homes from $280,000 to $440,000 in growing suburban communities.
Omaha, Nebraska · New Homes
New homes in Omaha.
Omaha consistently ranks among the most affordable large metros in the country while maintaining low unemployment, driven by a uniquely diversified financial-services base including Mutual of Omaha, Berkshire Hathaway, and multiple insurance and investment firms, creating high-income professional housing demand in a market most national buyers have not yet discovered.
New construction is most active in Sarpy County, in Papillion, La Vista, and Gretna, with homes from $280,000 to $440,000 in growing suburban communities.
At a glance
Omaha market snapshot
Median Home Price
$265,000
Median Rent
$1,100
Market Trend
Stable
Cost of Living Index
88
Why Omaha
What makes Omaha different
Why People Move Here
Affordability and Mutual of Omaha and insurance industry employment and Berkshire Hathaway and Warren Buffett economy and Offutt Air Force Base and low unemployment
Schools
Millard Public Schools and Papillion-La Vista School District in Sarpy County consistently rank among Nebraska top-performing districts, driving significant demand in fast-growing southwestern suburbs of Omaha.
Top Neighborhoods
Papillion, La Vista, Bellevue, Gretna, Elkhorn, Millard, and Council Bluffs IA
Major Employers
Mutual of Omaha global headquarters and Union Pacific Railroad world headquarters and Berkshire Hathaway global investment headquarters and Offutt Air Force Base, Nebraska Medicine, and Boys Town national headquarters
Who's building
Top builders active in Omaha
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Common questions
Omaha FAQ
Is Omaha a good place to buy a home?
Omaha offers exceptional affordability and one of lowest unemployment rates of any major metro and uniquely stable financial services employment base.
What is the median home price in Omaha?
The median home price in Omaha is approximately $265,000 making it among most affordable large metros with new construction in Sarpy from low $300,000s.
Which Omaha suburbs have the most new construction?
Papillion, La Vista, Gretna, and Elkhorn lead Omaha metro in new home activity with Sarpy County fastest-growing.
Is Omaha good for real estate investors?
Omaha offers strong single-family rental demand from Offutt military families and University of Nebraska Medical Center staff and large financial services worker population.
What is driving Omaha housing demand?
Mutual of Omaha, Berkshire Hathaway, Union Pacific, Offutt Air Force Base, and Nebraska Medicine and low unemployment drive demand.
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