Omaha Homes under $200,000

Welcome to Omaha, Nebraska, a vibrant city that beautifully blends Midwestern charm with modern amenities. Nestled in Douglas County, Omaha is known for its rich history, diverse culture, and a welcoming community that makes it a fantastic place to call home. Whether you're drawn to the bustling Old Market district with its cobblestone streets and eclectic shops or the serene beauty of the Omaha Botanical Gardens, this city offers something for everyone.

For those looking to invest in their future without breaking the bank, Omaha presents an exciting opportunity with a variety of homes available for under $200,000. This price point opens the door to a range of charming properties, from cozy bungalows to spacious townhomes, perfect for first-time buyers, families, or anyone seeking an affordable living option in a thriving city.

Imagine settling into a quaint neighborhood where tree-lined streets and friendly neighbors create a sense of belonging. With excellent schools, parks, and community events, Omaha is an ideal place for families to grow and thrive. Plus, the city's thriving job market and low cost of living make it an attractive option for professionals and retirees alike.

Omaha's real estate market is not just about affordability; it’s about community, opportunity, and a lifestyle that embraces the best of what life has to offer. With homes under $200,000, your dream of owning a piece of Omaha can become a reality. Explore the possibilities today and discover why so many choose to call this remarkable city their home!

Newest Omaha Homes under $200,000

$165,000

3 Beds ⋅ 2 Baths ⋅ 22628616 MLS

Lovely 3 bedroom 2 full bath home with many updates. Yard is fully fenced, updated bathroom on the main level, large master bedroom on the main level, patio doors with built in blinds, 2 porches and so much more. This would be a great home for 1st time home buyers or an awesome investment. Call or text today to schedule your showing! You won't want to miss out!!! Home is being sold AS-IS

3012 Emmet Street, Omaha

Listing courtesy of Jill Jones Broker.

$164,900

4 Beds ⋅ 2 Baths ⋅ 22628566 MLS

Welcome home to 4215 Grant St, a classic traditional residence offering great character and low-maintenance living in Omaha! According to updated Douglas County public tax records, this property features 4 bedrooms, 2 full bathrooms, and 1,504 square feet of functional interior living space set on a 0.14-acre lot (6,000 sq ft). Inside, bright common areas feature an inviting front porch leading into a light-filled living room and dedicated dining space. Four well-proportioned bedrooms provide ideal flexibility for family accommodations, guest rooms, or a dedicated home workspace, complemented by two full baths. A full basement offers valuable additional storage or workshop options. Outside, enjoy low-maintenance grounds and a cozy backyard setting. Conveniently located near Fontenelle Park, MCC Fort Omaha Campus, local schools, and US-75 access

4215 Grant Street, Omaha

Listing courtesy of Trelora Realty, Inc.

$98,000

3 Beds ⋅ 2 Baths ⋅ 22628540 MLS

One-of-a-kind, professionally remodeled mobile home where thoughtful design meets modern comfort. A stunning foyer opens to an inviting great room with vaulted ceilings, a smart fan, and a dramatic floor-to-ceiling linear fireplace. The completely updated kitchen features soft-close cabinets, pantry, new appliances, and LED lighting under the cabinets and bar. Newer windows, and a **2021 roof with high-impact shingles** add peace of mind, with all improvements completed by a professional contractor—no DIY projects! Both full bathrooms have been beautifully remodeled with walk-in showers, tiled surrounds, new trim, and hardware. A versatile third bedroom offers space for an office or hobby room. Outside, enjoy a private patio with peach and plum trees, synthetic grass, room for dining and fireside seating, and beautiful night lighting.

12612 Pratt Plaza Unit 261, Omaha

Listing courtesy of Meraki Realty Group.

$134,900

3 Beds ⋅ 2 Baths ⋅ 22628523 MLS

2.75% LOAN ASSUMPTION AVAILABLE. Pending lender approval 2.75% LOAN ASSUMPTION AVAILABLE. Great for an investor or first time home buyer looking for a once in a lifetime interest rate! Built in 1885, this 3 bedroom, 1 1/4 bath home offers original hardwood floors and timeless character throughout. Plumbing was updated in 2025, giving buyers a head start and more room in the budget for the cosmetic updates that make a house feel like home. Whether you're an investor looking for a smart value-add project or a family ready to put down roots and grow into a space over time, this home offers flexibility and upside. Enjoy a spacious back deck perfect for relaxing or entertaining, all in a convenient location close to the park, the zoo, and easy interstate access. Affordable, full of character, and full of possibility. Come see what this home could become. Interior photos to come!

2409 B Street, Omaha

Listing courtesy of Nebraska Realty.

$145,000

2 Beds ⋅ 1 Baths ⋅ 22628515 MLS

Charming raised ranch in a central Omaha location with convenient access to schools, the interstate, Downtown, and Midtown. The main floor features two bedrooms, a partially updated full bathroom, beautiful wood flooring, and a kitchen with plenty of cabinet storage. The partially finished basement offers excellent potential for additional living space, including the opportunity to create a third bedroom, home office, recreation area, or other flexible-use space. The property also includes a 2-car tandem garage and a fully fenced yard. With a practical layout, solid bones, and plenty of opportunity for updates, this home is ready for your vision and personal touches. A great opportunity for a buyer looking to add value while making this charming Omaha ranch their own. Seller is licensed real estate agent in NE.

6913 N 33rd Street, Omaha

Listing courtesy of BHHS Ambassador Real Estate.

11945 Miracle Hills Drive Unit 20, Omaha

$200,000

2 Beds ⋅ 2 Baths ⋅ 22628510 MLS

Maintenance-free living in this turn-key 2-bed, 2-bath condo with a detached 1-car garage! Features refinished hardwood floors, updated gas-log fireplace, dedicated dining area, stainless-steel appliances, main-floor laundry, and a new water heater. Spacious primary bedroom offers 2 closets, new ceiling fan, and private 3/4 bath. Beautifully updated full hall bath adds extra convenience. Enjoy a secured entrance, elevator, oversized deck, outdoor storage, and green common areas. HOA dues cover building insurance, water, garbage, lawn care, snow removal, and exterior maintenance. Conveniently located near businesses, parks, and the Dodge Street corridor. Call Kendi at 402.670.9188 for a private showing!

11945 Miracle Hills Drive Unit 20, Omaha

Listing courtesy of Nebraska Realty.

$125,000

4 Beds ⋅ 1 Baths ⋅ 22628416 MLS

Excellent opportunity! Diamond in the rough. This house has great bones. Two stairwells to the upstairs. Vinyl siding, vinyl windows, and a high efficiency furnace. 3 good size bedrooms upstairs share a large bathroom. The main floor bedroom could be an office or flexible home studio. The basement isn't "scary" and has some good mechanicals. Main floor pantry could become another bathroom maybe. Be a part of a healthy reinvestment happening in the surrounding community. Could be a good rental too. Estate sale. Kitchen appliances appear to be working. All the features of a high end traditional home are here, they just need to be brought back to life with a bit of elbow grease. Basement was dry as a bone after the heavy rains on 9/30. Could use some tuck pointing though.

1006 S 25th Street, Omaha

Listing courtesy of Nebraska Realty.

$136,000

2 Beds ⋅ 1 Baths ⋅ 22628381 MLS

Welcome to 2701 Hickory Street, a charming bungalow offering classic character with numerous updates that makes this home move-in ready. This 2-bedroom, 1 bath features new paint throughout, creating a clean and refreshed feel from the moment you walk in. The Kitchen has been updated with new vinyl plank flooring, while wall-to-wall carpeting provides warmth and comfort in the living areas and bedrooms. The Bathroom has been newly remodeled, providing a fresh, updated space. Both Bedrooms feature ceiling fans, adding comfort and airflow. Outside, the property also offers dedicated parking spaces as well as off-street parking-a valuable feature in an established Omaha neighborhood. With its bungalow-style design, manageable size, and recent interior improvements, 2701 Hickory Street offers an appealing opportunity to own a charming Omaha bungalow with practical updates and on-site parking.

2701 Hickory Street, Omaha

Listing courtesy of NP Dodge RE Sales Inc 148Dodge.

$175,000

3 Beds ⋅ 3 Baths ⋅ 22628356 MLS

**Investor special at 8335 Ames Ave** This 3-bedroom, 3-bath ranch-style estate sale sits on a double lot with redwood siding, a fully fenced yard, great front porch sitting area, north-facing orientation, & 2car garage. Roof was replaced in 2023, property was recently appraised at $165,000.The main level features a fireplace, large picture window, three bedrooms up, a galley-style kitchen, two baths on the main, hardwood floors that may be salvageable. The home has a lot of original character and plenty of upside for the right buyer. The basement offers daylight/walkout access, a second kitchen area, one additional bathroom, and an extra bonus room that could work as a playroom, storage space, office, or flex room. The property is extremely overgrown and will need significant cleanup and renovation, Strong investor opportunity with renovation, resale, rental, or possible secondary living/Airbnb-style potential with proper renovationa and approval.

8535 Ames Avenue, Omaha

Listing courtesy of Schamp Real Estate Co..

$45,000

3 Beds ⋅ 2 Baths ⋅ 22628331 MLS

Welcome home to this spacious 3-bedroom, 2-bath home featuring an open-concept kitchen with stainless steel appliances, ceramic flooring, and plenty of cabinet space. The primary suite offers a private 3/4 bath and walk-in closet. All appliances stay, including the washer and dryer! Outside, enjoy an 11x11 enclosed porch, covered deck, storage shed, and two parking spaces. Lot lease includes sewer, water, and trash pickup. Schedule you're showing today!

7803 N 101 Plaza Unit 10, Omaha

Listing courtesy of Meraki Realty Group.

$125,000

3 Beds ⋅ 1 Baths ⋅ 22628266 MLS

Charming 3-bedroom, 1-bathroom home with no garage but alley access, with potential for a garage. This property has had several updates, including the kitchen, bathroom, lighting, flooring, etc. A few housekeeping details to address; a great opportunity for an owner-occupant or investor.

3174 Ames Avenue, Omaha

Listing courtesy of Real Broker NE, LLC.

$185,000

4 Beds ⋅ 1 Baths ⋅ 22628256 MLS

Welcome home! where timeless character meets thoughtful updates! This 4-bedroom home is filled with charming original details, including beautiful built-ins, classic millwork, architectural columns, a fireplace, and a stunning built-in dining room buffet. The updated kitchen features new appliances, crisp white cabinetry, modern finishes, LVT flooring, and an impressive walk-in pantry with abundant storage. Major improvements include a new HVAC system, roof, siding, and fresh interior and exterior paint. Spacious living and dining areas offer plenty of room to gather, while the combination of original craftsmanship and modern updates gives this home a personality all its own. With many of the big-ticket improvements already completed, this move-in-ready home is ready for its next chapter! AMA

4716 N 31st Avenue, Omaha

Listing courtesy of BHHS Ambassador Real Estate.

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