Mortgage Rates in Omaha, Nebraska — March 2026
Updated March 2026 | Based on Omaha market data and regional lending conditions
Omaha is a mid-sized city in Nebraska with a population of 486,051. The current 30-year fixed mortgage rate in Omaha is 6.73%, which is 0.08% above the national average. With a median home price of $245,000 and a 20% down payment of $49,000, homebuyers can expect a monthly principal and interest payment of approximately $1,269.
Current Mortgage Rates in Omaha, NE
Below are the current average mortgage rates available in the Omaha area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.73% | 6.65% | +0.08% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.33% | 6.25% | +0.08% |
| VA | 6.13% | 6.05% | +0.08% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Omaha Housing Market Overview
The Omaha housing market offers relatively affordable housing compared to many major cities. The median household income in Omaha is $59,866, and the cost of living index is 90.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $68,486 to comfortably afford the median-priced home in Omaha, which exceeds the current median household income.
Monthly Payment Breakdown for Omaha
Based on the median home price of $245,000 with 20% down ($49,000), here is what you can expect to pay monthly in Omaha:
15-Year vs. 30-Year Mortgage in Omaha
Choosing a 15-year mortgage in Omaha at 5.97% instead of a 30-year at 6.73% would save you $159,660 in total interest over the life of the loan. However, your monthly payment would be $1,651 instead of $1,269 — an increase of $382 per month.
Calculate Your Omaha Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Omaha
What are the current mortgage rates in Omaha, NE?
As of March 2026, the average 30-year fixed mortgage rate in Omaha, Nebraska is 6.73%, while the 15-year fixed rate is 5.97%. FHA loans average 6.33% and VA loans 6.13%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in Omaha?
Based on the median home price of $245,000 with 20% down, the estimated monthly mortgage payment in Omaha is $1,269 for principal and interest. Including property taxes of $329/month, the total monthly housing cost is approximately $1,598.
What income do I need to buy a home in Omaha?
Using the 28% rule, you would need an annual income of approximately $68,486 to afford the median-priced home in Omaha at $245,000. The median household income in Omaha is $59,866. This means most households would need to either earn above the median or consider homes below $245,000.
Is Omaha a good place to buy a home in 2026?
Omaha offers a below-average cost of living with a cost of living index of 90.5 (national average = 100). The property tax rate in Nebraska is 1.61%, which is above the national average. Omaha has a population of 486,051 and offers a very affordable lifestyle.
Mortgage Rates in Other Nebraska Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Omaha, Nebraska area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.