|Specialty||# of Agencies|
|Single House or Condo||1|
|Home Owners Association||1|
|Total Local Companies||2|
The average rent for a 3 bedroom house in Omaha, NE is $1,123.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
Omaha is Nebraska's most populous city, located on the eastern border of the Cornhusker State and known for a strong local economy, buoyed greatly by the tourism industry and major employers situated citywide.
City officials have worked to preserve many historic landmarks throughout Omaha in the past couple of decades, maintaining the city's rich history. In addition to preserving ancient buildings in Omaha, new towers and other structures have been constructed, particularly in downtown and midtown.
Several high-tech and tourism businesses help provide thousands of jobs for area residents, while numerous theaters and performance centers supply entertainment to city dwellers, including the Rose and Blue Barn theaters.
Restaurants, bars and nightlife locales are found mostly in the Old Market area. Many college students attending city schools, such as the University of Nebraska at Omaha, visit these spots regularly.
The Gateway to the West continues to grow rapidly in terms of population, businesses and popularity for its many tourist attractions. Because of these factors, property investors can be sure renting in the city will rise as well.
Whether you're in the market for a single-family, multifamily or commercial property to lease, you'll find plenty of options for investment opportunities throughout Omaha.
And once you've secured a property, you may need a property management crew to control your residence on a day-to-day basis, dealing with applicants, tenants and maintenance.
According to Trulia's Summer 2011 Rent vs. Buy Index, Omaha ranked as one of the top cities where renting apartments is cheaper than buying a home, as the city had a price-to-rent ratio of 27 - third-highest of the 50 major cities surveyed.
Locating the right property management company for you is vital to ensuring your business is run smoothly and efficiently.
Sign up with All Property Management to choose from Omaha's top property management companies. Just type your zip code into our search engine and you'll discover a variety of management firms in Omaha to receive free quotes from.
|2014 Q2 Data||Vacancy Rate||Rent Variance||Cap Rate||Appreciation||Job Growth||Days on Market|
|75 US City Avg.||8.00%||0.57%||7.78%||5.00%||1.59%||73|
More than just great steaks and the College World Series, Omaha is known for its Midwestern hospitality, low cost of living, diverse economy, and vibrant culture. In fact, the community of Omaha, Nebraska continues to find itself atop some of the leading Best of the Best lists. Being the second-least congested big city in America and the top city in America to raise a family in 2014 are just a few of its many accolades.
This quarter, Omaha ranked 7th BEST in the nation on All Property Management Q2 2014 Rental Ranking Report, up a whopping 10 spots from last quarter, adding to the city's list of accolades. The report, which ranks the top cities in the country for investment in rental real estate, also ranks Omaha 3rd regionally.
What data is this based on?
To calculate the All Property Management Rental Ranking Report, we explore a number of different sources, including current government housing and jobs data, as well as housing appreciation forecasts for 75 cities across the United States. We look at specific factors such as home vacancy rates, capitalization rates, home value appreciation rates, annual job growth, change in rental rates, and average days a property stays on the market to determine which U.S. cities are poised to give investors the highest return on their rental investment.
Omaha, Nebraska performs quite well in all of these categories with the exception of rent variance, in which it saw a decrease this quarter. Its low vacancy rate of 5.7 percent, however, indicates that very few of the rental properties are vacant, thus showing a potential demand for rental property in the area. The average capitalization rate for Omaha is also impressive at 8.98 percent, which ranks the city 19th out of the 75 Metropolitan Statistical Areas that All Property Management evaluates for the Rental Ranking Report. Other positives for Omaha include a 6.4 percent increase year-over-year in home value appreciation, and positive job growth of 1.71 percent. Lastly, the average home in Omaha was only on the market for 53 days before being sold, which places Omaha 11th nationally within the report.
What does a high-ranking mean?
Is owning a rental property in Omaha profitable?
Quite simply, there has never been a better time to consider rental property investment in Omaha and the surrounding areas. The combination of strong appreciation in home value combined with excellent capitalization rates means that investment properties in Omaha can pay off in both the short term and long term. Furthermore, as Omaha continues to find itself earning accolades for excellent quality of life and a positive business climate, more and more folks will be looking for quality rental properties in which to live.
Thinking about renting out your Omaha property? Seek the assistance of a local, qualified property manager and automate your rental profit. Get free quotes emailed to you from 5 competing Omaha property management companies to compare rates and calculate the ROI. Or call 1-877-780-4510 to speak with a representative.
Our team at All Property Management specializes in connecting property owners with property agents in communities across the country. Expert property managers can assist with setting rental rates, advertising your property, screening and managing tenants, collecting rent, managing vendor relationships, and ensuring you are complying with local, state, and federal housing regulations, thus taking the hassle and worry out of managing your property. We look forward to working with you and welcome the opportunity to help you with all your property management needs.