How much house does $500,000 buy you in Omaha?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Omaha?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Omaha right now. Listings below $500,000 were included if necessary.
5103 N 140Th St, Omaha, NE 68164
- Price: $499,000
- 5 bedrooms, 4.3 bathrooms
- Square feet: 4,715
- See 5103 N 140Th St, Omaha, NE 68164 on Redfin.com
5915 S 176Th St, Omaha, NE 68135
- Price: $499,900
- 5 bedrooms, 4 bathrooms
- Square feet: 4,329
- See 5915 S 176Th St, Omaha, NE 68135 on Redfin.com
802 N Fillmore St, Papillion, NE 68046
- Price: $499,900
- 5 bedrooms, 3.3 bathrooms
- Square feet: 3,711
- See 802 N Fillmore St, Papillion, NE 68046 on Redfin.com
8920 N 158Th St, Bennington, NE 68007
- Price: $500,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,501
- See 8920 N 158Th St, Bennington, NE 68007 on Redfin.com
17118 Emma St, Bennington, NE 68007
- Price: $500,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,083
- See 17118 Emma St, Bennington, NE 68007 on Redfin.com
513 13Th Ave, Plattsmouth, NE 68048
- Price: $499,900
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,050
- See 513 13Th Ave, Plattsmouth, NE 68048 on Redfin.com
10910 N 160Th St, Bennington, NE 68007
- Price: $500,000
- 5 bedrooms, 2.3 bathrooms
- Square feet: 2,750
- See 10910 N 160Th St, Bennington, NE 68007 on Redfin.com
7829 N 156Th Ave, Bennington, NE 68007
- Price: $499,000
- 4 bedrooms, 4 bathrooms
- Square feet: 3,586
- See 7829 N 156Th Ave, Bennington, NE 68007 on Redfin.com
4314 Edgerton Dr, Bellevue, NE 68123
- Price: $500,000
- 4 bedrooms, 3.3 bathrooms
- Square feet: 3,005
- See 4314 Edgerton Dr, Bellevue, NE 68123 on Redfin.com
204 S 2Nd St, Elmwood, NE 68349
- Price: $499,900
- 4 bedrooms, 3.3 bathrooms
- Square feet: 2,755
- See 204 S 2Nd St, Elmwood, NE 68349 on Redfin.com
5217 S 167Th St, Omaha, NE 68135
- Price: $499,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,828
- See 5217 S 167Th St, Omaha, NE 68135 on Redfin.com
8008 N 167Th Ave, Bennington, NE 68007
- Price: $499,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,129
- See 8008 N 167Th Ave, Bennington, NE 68007 on Redfin.com
8023 S 193Rd St, Gretna, NE 68028
- Price: $500,000
- 4 bedrooms, 2.8 bathrooms
- Square feet: 2,800
- See 8023 S 193Rd St, Gretna, NE 68028 on Redfin.com
3420 N 205Th St, Elkhorn, NE 68022
- Price: $499,950
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,832
- See 3420 N 205Th St, Elkhorn, NE 68022 on Redfin.com
13812 S 49Th St, Papillion, NE 68133
- Price: $499,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,283
- See 13812 S 49Th St, Papillion, NE 68133 on Redfin.com
6021 N 168Th Ave, Omaha, NE 68116
- Price: $499,999
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,650
- See 6021 N 168Th Ave, Omaha, NE 68116 on Redfin.com
17212 Chutney Dr, Omaha, NE 68136
- Price: $500,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,530
- See 17212 Chutney Dr, Omaha, NE 68136 on Redfin.com
10926 Hardwood Dr, Papillion, NE 68046
- Price: $499,900
- 4 bedrooms, 2.3 bathrooms
- Square feet: 2,600
- See 10926 Hardwood Dr, Papillion, NE 68046 on Redfin.com
12517 Quail Dr, Bellevue, NE 68123
- Price: $499,900
- 4 bedrooms, 2.3 bathrooms
- Square feet: 2,296
- See 12517 Quail Dr, Bellevue, NE 68123 on Redfin.com
25514 Greenview Rd, Council Bluffs, IA 51503
- Price: $500,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,514
- See 25514 Greenview Rd, Council Bluffs, IA 51503 on Redfin.com
16821 O Cir, Omaha, NE 68135
- Price: $499,000
- 3 bedrooms, 3 bathrooms
- Square feet: 3,275
- See 16821 O Cir, Omaha, NE 68135 on Redfin.com
16015 Zac Ln, Bennington, NE 68007
- Price: $499,500
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,625
- See 16015 Zac Ln, Bennington, NE 68007 on Redfin.com
12218 Deer Hollow Dr, Omaha, NE 68154
- Price: $499,000
- 3 bedrooms, 2.3 bathrooms
- Square feet: 2,204
- See 12218 Deer Hollow Dr, Omaha, NE 68154 on Redfin.com
18094 Cooper St, Gretna, NE 68028
- Price: $500,000
- 3 bedrooms, 2.3 bathrooms
- Square feet: 1,880
- See 18094 Cooper St, Gretna, NE 68028 on Redfin.com
18074 Cooper St, Gretna, NE 68028
- Price: $500,000
- 3 bedrooms, 2.3 bathrooms
- Square feet: 1,880
- See 18074 Cooper St, Gretna, NE 68028 on Redfin.com
18078 Cooper St, Gretna, NE 68028
- Price: $500,000
- 3 bedrooms, 2.3 bathrooms
- Square feet: 1,880
- See 18078 Cooper St, Gretna, NE 68028 on Redfin.com
18090 Cooper St, Gretna, NE 68028
- Price: $500,000
- 3 bedrooms, 2.3 bathrooms
- Square feet: 1,880
- See 18090 Cooper St, Gretna, NE 68028 on Redfin.com
18108 Cooper St, Gretna, NE 68028
- Price: $500,000
- 3 bedrooms, 2.3 bathrooms
- Square feet: 1,880
- See 18108 Cooper St, Gretna, NE 68028 on Redfin.com
18659 Camelback Ave, Omaha, NE 68136
- Price: $500,000
- 3 bedrooms, 2.3 bathrooms
- Square feet: 1,674
- See 18659 Camelback Ave, Omaha, NE 68136 on Redfin.com
11701 S 119Th Ave, Papillion, NE 68046
- Price: $500,000
- 2 bedrooms, 1.8 bathrooms
- Square feet: 1,890
- See 11701 S 119Th Ave, Papillion, NE 68046 on Redfin.com
