Omaha is the capital city of Nebraska, located on the west bank of the Missouri River. It is a small city of about 400,000 people, but it is still the largest city in Nebraska. It sees cold winters with significant snowfall, as well as hot summers with frequent showers. Tornadoes are the only natural disaster that may threaten Omaha, and they are infrequent. Omaha does not have a strong public transportation system.

Housing Statistics in Omaha

Omaha, like most of Nebraska, does not have much ethnic diversity. Roughly three-quarters of the city is white, with black, Hispanic, and multiracial individuals making up the remainder of the populace. Because of a weak minority presence in Omaha, cultural minorities may get additional assistance from HUD if buying in Omaha.

The average home in Omaha costs about $113,000--remarkably less than the national average of $146,000. Property values are on the rise, but at the moment, the cost of owning a home in Omaha is just under the national average. In fact, Omaha's standard of living is close to the national average in just about every category.

While the HUD has few homes currently available in Omaha, you should check frequently for listings. These homes are a great deal, and tend to sell very quickly. For other foreclosure homes, you should check with the Fannie Mae foundation, or contact a realtor in the Omaha area.