Need a REALTOR® for your
Omaha Area investment property?
OutofTownLandLord connects you with Omaha’s very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the Omaha area market below.
Chris Egan, REALTOR®
Omaha Investment Specialist
Counties: Douglas, Sarpy, Washington
Cities and Towns: Omaha, Papillion, La Vista, Bellevue, Elkhorn, Gretna, Bennington
Licensed Since: 2007
Company: Berkshire Hathaway Home Services Ambassador Real Estate
About Chris Egan
I started in real estate in 2007 after graduating from college. I joined my father in the business; he has been a licensed agent and investor since 1980. I love helping other investors achieve their goals through real estate investing. I personally buy single family rentals mostly in the midtown Omaha area. I try to by one new rental every couple of years. As an agent I work with a number of investors. Most of them subscribe to the buy and hold philosophy buying residential single-families and some multi-families. I also work with some clients who buy to flip.
About the Omaha Area Market
The Midwest and more specifically Omaha, Nebraska is a fabulous market to invest in real estate. Here in Omaha our existing home median price is $161,500. The median rent for a single family home is $1,289. Our unemployment rate in Omaha is very low at 2.7%. We have a very diverse economy with many different industries, making Omaha a very attractive market to invest in. Our market has remained stable over the years with typical application around 3.5%. In 2008 and 2009 our average sales price was down 10%-15% so we fared much better than other markets around the country.
Investment Price Points in Omaha
In Omaha our entry price point for most properties is about $75,000. For a property in that price range you can expect to rent it between $600-$900 per month. The vast majority of investors I work with including myself will buy single family homes between $90,000-$160,000. These properties will typically rent between $900-$1,600 a month. These properties seem to be the most popular because you are buying a quality property and also maximizing your rental return. Over $160,000 the rents do not seem to keep pace with price of the property unless they are multi-family properties.
Free Report: Demographic and Housing Data on the Omaha Market
Would you like free demographic and housing data on the Omaha market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the Omaha market is right for you! Click here to get your free report.