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Douglas County, NE

Omaha

RANK #414 / 996 NAT  ·  POP 582,638

1YR FORECAST: +1.1%

5YR OUTLOOK: +26%

#36 Most Undervalued
Douglas County's housing market is projected to grow +1.1% over the next year, tracking near the national average.

[01] Why Douglas County?

Douglas County, Nebraska, is perhaps best known as home to Omaha, the state's largest city and a significant economic and cultural hub. Situated along the Missouri River on the eastern edge of Nebraska, the county offers a blend of urban amenities and accessible outdoor spaces. Commutes within Omaha average around 20 minutes, with public transportation options including bus services and a modern streetcar in downtown Omaha. The community provides numerous parks, such as Fontenelle Forest and Standing Bear Lake, offering opportunities for hiking, birdwatching, and water sports.

Life in Douglas County attracts families and young professionals, with many residents owning their homes. The public school systems, including Elkhorn, Millard, and Westside Public Schools, are recognized for their quality. The economy is diverse, with strong sectors in finance, insurance, healthcare, and technology. Major investments are flowing into commercial and residential developments, as well as data centers and energy projects, contributing to a stable economic picture.

[02] Market Snapshot

Housing Ratio
2.2x

Undervalued relative to economy

GDP Growth
+0.9%

Well below national median

Home Prices
+1.0%

Below national median

Climate & Terrain
-1.9

Below-average climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks undervalued at 2.2x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Offutt Air Force Base Military
    10,000+
  2. 2
    Nebraska Medicine Healthcare
    5,000+
  3. 3
    CHI Health Healthcare
  4. 4
    Omaha Public Schools (OPS) Education
  5. 5
    University of Nebraska Medical Center Healthcare
  6. 6
    Methodist Health System Healthcare
  7. 7
    Union Pacific Railroad Logistics
    2,500+
  8. 8
    City of Omaha Government
  9. 9
    First National Bank of Omaha (FNBO) Finance
  10. 10
    Mutual of Omaha Finance

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Douglas County U.S. National

The Numbers

DEMOGRAPHICS
Population
582,638
+0.67% YoY
Median Household Income
$76,083
Median Home Value
$227,400
+1.01% 12mo
Median Rent
$1,109
Average Annual Pay
$67,868
+2.0% YoY
Employment
340,716
-0.2% YoY
Income-to-Home-Value
0.3346
More affordable than average
Migration Inflow
2.18%
of pop. from another state
Bachelor's Degree+
41.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$317,500
Days on Market
50
Moderate pace
Months of Supply
2.1
Seller's market
Sale-to-List Ratio
98.8%
Near asking price
Sold Above List
19.1%
Listings w/ Price Drops
20.9%
Building Permits (2024)
4,539
Single-Family Permits
1,867

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C+
SAFETY
GRADE
Homicide Rate
5.5
per 100K · nat avg 6.3
Firearm Fatalities
12.2
per 100K · nat avg 14.8
Injury Deaths
61.2
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
43.0
Good
Good Air Days
67%
733 of 1,095 days
Unhealthy+ Days (3yr)
30
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
43
2022
41
2023
45
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$1,983M
TOTAL
PROJECT AMOUNT STATUS
Google Data Center Campus (Northwest Omaha)
Google (Fireball Group LLC)
$1,200M Operating
Douglas Battery/Storage (250 MW)
Undisclosed
$250M Planned
Kansas Sky Energy Center (Solar Farm)
Evergy with designs by Savion LLC
$159M Planned
Standing Bear Lake Station (Natural Gas Plant)
Omaha Public Power District (OPPD)
$150M Under Construction
North Omaha Airport Business Park & Multipurpose Community Center
City of Omaha, Nebraska Department of Economic Development
$124M Planned
Douglas Battery/Storage (100 MW)
Undisclosed
$100M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +0.9% 16 percentile
Population Growth +0.7% 60 percentile
Income Growth +7.6% 29 percentile
Vacancy Rate 1.4% 24 percentile
Home Price Change +1.0% 45 percentile
Rent Growth +3.6% 62 percentile
Price/Rent 14x 48 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Douglas County, NE a good place to move to?

Douglas County scores 58/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#414). Median household income is $76,083 and job growth is running at -0.2%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Douglas County affordable?

Housing in Douglas County is roughly in line with national affordability norms. The median home costs $227,400 and the income-to-home-value ratio sits at 0.33, with rents averaging $1,109/month. Not a bargain, but not a stretch for most local earners either.

Is Douglas County growing or shrinking?

Douglas County's population is growing — up +0.7% YoY — while the job market is roughly flat (employment change of -0.2%). Home values shifted +1.0% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Douglas County?

There's a moderate stream of newcomers. About 2.18% of residents moved from another state, which is above average and suggests Douglas County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Sarpy County, NE 52 Lancaster County, NE 66 Hall County, NE 66 Buffalo County, NE 87 Butler County, OH 59 Bristol County, MA 56 Guilford County, NC 56 Will County, IL 60