2 of 10
BACKNEXT
2. Omaha Neb.: Rent
Omaha Neb.: Rent
Average list price: $276,000
Average annual rent: $10,400
Price to rent ratio: 26.4

Unlike many Midwestern cities in the more industrialized areas, Omaha has been on a fast track for growth. Its population has increased by more than 12% since 2000. The economy has remained very strong with unemployment at only 5.5% in April, almost half the national level.

There is a limited supply of homes available within the city limits and that has kept condo prices unexpectedly high for this normally very restrained real estate market. Many downtown, two-bedroom condos sell for a half million dollars or more.

In contrast, rents are reasonably low with many two-bedroom apartments listing for under $800. That means owning is quite a lot more expensive than renting.

NEXT: Manhattan: Rent
Last updated June 14 2010: 2:22 PM ET
  • Find Homes for sale
    Real estate and homes for sale on Trulia

  • Property Type
  • Find a home in:
  • New York | Atlanta | Chicago | Los Angeles
  • Washington D.C | Houston | Philadelphia | More options
More Galleries
Some Converse copycats cost big bucks A few bargain brands got swept up in Chuck Taylor's net, but others cost a pretty penny. More
Urban infrastructure gets a second life Railroad beds become parks, power plants become aquariums and slaughterhouses are now art centers as an industrial past turns people-centric. More
Boomtown moms From working mothers raising their kids in RVs to stay-at-home moms who spend their days organizing events for the Oil Wives club, meet the moms of North Dakota's oil boom. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.