NE Omaha

Aksarben / Elmwood

Average Sales Price
$345,078
Total Listings
23

Aksarben–Elmwood is one of Omaha's most livable and centrally located neighborhoods — the kind of place where you can walk to dinner, run the Keystone Trail before work, and be anywhere in the city in under 20 minutes. The neighborhood wraps around two anchors that define it: Aksarben Village, a walkable mixed-use district built on the grounds of the old Aksarben racetrack, and Elmwood Park, one of Omaha's largest green spaces at over 180 acres.

Aksarben Village has become one of the better dining and nightlife destinations in the city. Herbe Sainte brings serious New Orleans–style cocktail culture to the neighborhood. Backlot Taphouse does Detroit-style pizza. Inner Rail Food Hall gives you a dozen different options under one roof. Kinkaider Brewing, Mai Thai, Saffron for Indian, Roast Coffeehouse for your morning — it's the kind of walkable variety most Omaha neighborhoods don't have. Sonny's outdoor bar is the warm-weather spot. And if wings are your thing, Tracks Lounge has a legitimate claim to the best in Omaha.

Elmwood Park connects directly to the Keystone Trail, making it a daily destination for runners, walkers, and cyclists. The park also has an 18-hole golf course, open to the public. It's the kind of green space that actually factors into why people buy here.

Housing in Aksarben–Elmwood runs mostly early- to mid-century — craftsman bungalows, two-stories with original character, and thoughtfully updated properties throughout. There are also condos and townhomes mixed in, particularly closer to Aksarben Village. Prices reflect the neighborhood's location and reputation: this is one of central Omaha's more competitive markets, with strong resale values and consistent demand.

Most homes fall within Omaha Public Schools (OPS). Washington Elementary and Belle Ryan Elementary serve much of the neighborhood, with middle school pathways split between Lewis & Clark and Norris depending on your specific address. Central High School is the primary high school — one of Omaha's oldest and most established, with strong academic and magnet programs. If school boundaries are part of your decision, exact placement matters here given the split middle school feeds, so it's worth verifying your specific address.  The full breakdown is in my Omaha School District Guide.

Food, Nightlife & Local Anchors

Aksarben Village does the heavy lifting here — a walkable block of restaurants, bars, and coffee that most Omaha neighborhoods don't have. Tracks Lounge sits just outside the Village proper but earns its place on any short list.

Herbe Sainte
New Orleans–inspired cocktail bar with a serious drinks program. One of the better bars in Omaha, full stop.
Backlot Taphouse
Detroit-style pizza and a solid tap list. Casual, unpretentious, and consistently good.
Inner Rail Food Hall
Multiple vendors under one roof — good when you can't agree on where to eat, or just want options. One of Omaha's better food halls.
Kinkaider Brewing
Nebraska craft brewery with a full taproom in Aksarben Village. Good beer, good atmosphere, regularly busy on weekends.
Saffron
Indian cuisine in Aksarben Village. One of the better options for Indian food in central Omaha.
Mai Thai
Thai food in the Village. Reliable, popular with the neighborhood crowd, and worth knowing for a weeknight dinner.
Sonny's
Outdoor bar and patio — the warm-weather spot in Aksarben. When it's 75 degrees in Omaha, this is where people end up.
DJ's Dugout
Sports bar in Aksarben Village. Good for game days and exactly what it's supposed to be.
Roast Coffeehouse
Local coffee shop in the Village. The kind of place you build a morning routine around once you live nearby.
Tracks Lounge
Neighborhood bar just outside Aksarben Village with a legitimate claim to the best wings in Omaha. Worth the detour.

Community & Events

Aksarben Village runs a regular lineup of community events throughout the year — outdoor concerts, seasonal festivals, and farmers markets that draw from across the city. The Village was designed with that kind of activation in mind, and it shows. University of Nebraska Omaha is just down the road, which adds energy and keeps the neighborhood feeling active year-round.

Parks, Trails & Green Space

Green space is one of the strongest arguments for this neighborhood.

Elmwood Park
Over 180 acres of wooded trails, open space, and an 18-hole public golf course. One of Omaha's largest and most scenic parks, and it's walkable from most homes in the neighborhood.
Keystone Trail
Paved multi-use trail connecting through several Omaha neighborhoods. Runners, cyclists, and dog walkers use it daily. Elmwood Park connects directly to it, making this neighborhood one of the best trailheads in the city.

A Little History

"Aksarben" is Nebraska spelled backwards — named that way in 1895 when the Knights of Aksarben built a horse racing track and coliseum on what was then the edge of the city. The track operated for a century before closing in 1995, and the grounds sat largely vacant until redevelopment began in the mid-2000s. What replaced it — Aksarben Village — is one of the better examples of adaptive reuse in the metro. The old racetrack became a walkable neighborhood center. The history is why the name stuck.

Explore Your Options
Use the links below to explore homes, compare neighborhoods, or learn how different parts of Omaha fit your lifestyle.

RECENTLY SOLD LISTINGS

5420 Pine ST, Omaha, NE 68106
1/40 40

$247,500

Sold on 05/13/2026

Single Family Home

$245,000

3 Beds 2 Baths 1,373 SqFt

5420 Pine ST, Omaha, NE 68106

PRE-INSPECTED fully updated adorable ranch in popular Aksarben area. 3 bed, 2 bath home is MOVE-IN-READY. There's an op...

Listed by Pam Mertz Nebraska Realty

1.0%
5324 Elmwood PLZ, Omaha, NE 68106
1/41 41

$458,000

Sold on 05/08/2026

Townhouse

$470,000

3 Beds 3 Baths 1,716 SqFt

5324 Elmwood PLZ, Omaha, NE 68106

Live steps from Elmwood Park in this corner-unit at Elmwood Townhomes. Offering over 1,700 fsf, this 3 bedroom, 2.5 bath...

Listed by Cara Crawford Better Homes and Gardens R.E.

2.6%
916 S 51St AVE, Omaha, NE 68106

$245,000

Sold on 05/06/2026

Single Family Home

$245,000

2 Beds 2 Baths 1,340 SqFt

916 S 51St AVE, Omaha, NE 68106

SSDL

Listed by Jen Manhart Better Homes and Gardens R.E.

listing detail

Average Median
Bathrooms 2.25 2
Bedrooms 3.08 3
Year Built 1953 1945
Lot Size 5,365 Sqft 5,662 Sqft
Taxes $4,702 $4,342
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demographics

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Population:

6.8K

Density:

4.9K

Households:

3.2K

Gender

48%
Male
52%
Female
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