How Much House Can You Afford in Omaha? A 2025 Breakdown with Real Examples
If you're planning a move to Omaha, one of the first questions you're probably asking is, “How much house can I actually afford?” And while Omaha is more affordable than many larger metros, that doesn’t mean everyone can—or should—stretch their budget to the max.
In this post, we’ll walk through the 28/36 budgeting rule, two real-life affordability scenarios, and a few actual home listings that fit those numbers in 2025.
Watch the video here-
💡 The 28/36 Rule
This is the golden rule many lenders use when evaluating what you can afford:
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28% of your gross monthly income can go to housing (PITI: principal, interest, taxes, insurance)
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36% of your gross monthly income can go to total debt (housing + credit cards, car loans, student loans, etc.)
👉 Tip: The less debt you have outside of housing, the more flexibility you’ll have in your home search.
🧾 Scenario 1: Dual-Income Family with Kids
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Income: $150,000/year ($12,500/month)
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Lifestyle expenses: Childcare, groceries, car payments = ~$6,050/month
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Budgeted mortgage payment: ~$3,500/month
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Estimated home price range: $360,000–$375,000
Homes that fit this budget:
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4BR ranch in District 66
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4BR newer build in Bennington
💼 Scenario 2: Single Professional
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Income: $70,000/year (~$5,800/month)
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Lifestyle expenses: ~$1,900/month
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Budgeted mortgage payment: ~$1,600/month
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Estimated home price range: ~$150,000–$170,000
Homes that fit this budget:
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Updated 2BR in Benson
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Smaller 2BR south of Downtown
⚠️ Common Mistakes to Avoid
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Thinking rent and mortgage are the same—they’re not even cousins.
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Ignoring property taxes, HOA fees, and insurance in your budget.
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Assuming your Amazon Prime habit doesn’t count as “lifestyle creep.”
✅ Ready to Run Your Own Numbers?
Download my free budget calculator and find out what price range actually works for your lifestyle.
👉 Download the tracker here
And if you're not sure where to start your home search, try the free Omaha neighborhood quiz to get matched with areas that fit your vibe.
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