Multifamily Insider Market Report: Q1

Omaha Market Overview

The average price per unit for recorded sales in Omaha is approximately $93,007.

• High Point: The highest price per unit in Omaha was $133,125 for the property at 640 South 38th Street.

• Low Point: The lowest price per unit was $60,294 at 915 N 48th St.

• Other significant high-value sales include 4624 Davenport Street at $108,333 per unit and 4814 Capitol Avenue at $107,183 per unit.

Lincoln Market Overview

The average price per unit for recorded sales in Lincoln is approximately $76,572.

• High Point: The highest price per unit in Lincoln was $96,429 for the property at 810 H St.

• Low Point: The lowest price per unit was $54,000 at 801 G ST.

• The Lincoln market shows more consistency in lower price brackets, with many properties selling between $70,000 and $80,000 per unit, such as 1941 J Street ($75,000/unit) and 1410 F Street ($70,000/unit).

Comparison Summary

On average, a unit in Omaha costs approximately $16,435 more than a unit in Lincoln. This indicates that the Omaha multi-family market, as represented in these sources, commands a 21.5% premium per unit over the Lincoln market. While Lincoln's highest sale ($96,429) is comparable to Omaha's mid-range, Omaha's top-tier properties significantly exceed anything recorded in Lincoln during this period.

Across every submarket that we are tracking, we continue to see several common variables.

1. The lowest $/unit trades

   1. off-market, unrepresented sellers

   2. assets with sub-market rents

   3. severe deferred maintenance

   4. poorly performing location

2. The highest $/unit trades:

   1. Institutional Asset Size

   2. Trophy Location

   3. Unit Mix Favoring 2 bedrooms

For more information or questions on this report, please reach out to our team, and thank you for reading.

Q1_2026_Multifamily_Market_Pulse_(3).pdf

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