Blackstone District

Omaha, NE

Neighborhood Market Analysis

Q3 2025 Report
$320,000 (2025 estimate)
Median Home Price
87 (Very Walkable)
Walkability Score
Average to above average; public schools are improving, but some families prefer private options.
School Rating

Location Overview

Neighborhood Boundaries

36th Street to 42nd Street along Farnam Street, nestled between UNMC and Midtown Crossing

Zip Codes

68105

Market Data Summary

Price Range$250,000 - $600,000+ (historic homes, condos, and new developments)
Price per Sq Ft$220 - $310/sq ft (2025)
Inventory LevelsLow to moderate; new developments are increasing options, but historic properties remain limited.

Property Characteristics

Home Types & Architecture

Home Types

Historic single-family homesConverted loftsCondosTownhomesMixed-use buildings

Architectural Styles

Early 20th-century brickVictorianCraftsmanModern infill

Property Details

Typical Lot SizesSmall urban lots (0.05 - 0.15 acres)
Home Age Range1880s - 2020s (historic core with modern infill)
Construction QualityGenerally high, with many properties renovated to modern standards; some older homes may require updates.

Community Profile

Demographics & Lifestyle

Demographics

Predominantly young professionals, singles, and couples; lower-middle income overall, but with a growing influx of higher-earning residents. 0% childhood poverty rate reported.

Community Vibe

Trendy, energetic, and urban with a strong sense of local pride. Quiet during the day, lively at night.

Typical Residents

  • Young professionals
  • Medical staff (proximity to UNMC)
  • Students
  • Creative professionals

Family Friendly

Moderately family-friendly; more popular with singles and couples due to nightlife and urban vibe.

Amenities & Lifestyle

Parks & Recreation

  • Turner Park (nearby)
  • Midtown Crossing green spaces

Dining Options

  • Classic delis
  • Trendy restaurants
  • Craft breweries
  • Karaoke bars

Shopping Centers

  • Boutique retail along Farnam
  • Midtown Crossing (adjacent)

Local Businesses

  • Crescent Moon (historic bar)
  • Farnam House Brewing
  • Huber Haus
  • Food hall
  • Boutique shops

Education & Schools

Average to above average; public schools are improving, but some families prefer private options.
Overall School Rating

Elementary Schools

  • Field Club Elementary
  • Jackson Elementary

Middle Schools

  • Norris Middle School

High Schools

  • Central High School

Private Schools

  • St. Cecilia Cathedral School (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • Metro bus lines
  • Proposed Omaha Streetcar (future)

Major Roads

  • Farnam Street
  • Dodge Street
  • 36th-42nd Streets

Commute & Walkability

Commute Times5-10 minutes to downtown Omaha; 15-20 minutes to West Omaha
WalkabilityExcellent; most errands and entertainment are walkable.
ParkingLimited street parking; new developments often include private parking.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Medical staff
  • Investors
  • Urban lifestyle seekers

Key Selling Points

  • Historic character with modern upgrades
  • Vibrant dining and nightlife
  • Walkable urban lifestyle
  • Strong appreciation and rental demand

Pricing Considerations

Price competitively for renovated historic homes; new construction can command a premium if amenities and parking are included.

Common Objections & Response Strategies

Objection: Limited parking options

Response Strategy:

Highlight properties with private parking or proximity to public transit and walkable amenities.

Objection: Nighttime noise from bars and restaurants

Response Strategy:

Showcase quieter streets or units with soundproofing; emphasize vibrant community and active nightlife as a positive.

Objection: Older homes may need updates

Response Strategy:

Point to recent renovations, available warranties, or renovation incentives.

Investment Insights

Investment Potential

Appreciation Potential

High, driven by ongoing redevelopment and proximity to medical and business districts.

Rental Demand

Very strong, especially for apartments and condos targeting young professionals and medical staff.

Buyer Competition

High for renovated and historic properties; moderate for new construction.

Best For

  • Young professionals
  • Investors
  • Medical staff
  • First-time buyers seeking urban lifestyle

Potential Concerns

  • Limited parking
  • Nighttime noise
  • Older homes may require updates

Professional Recommendations

1

Emphasize Blackstone's unique blend of history and modernity in marketing materials.

2

Network with UNMC and local employers for relocation leads.

3

Stage homes to highlight urban lifestyle and walkability.

4

Educate buyers on future developments (streetcar, new retail).

5

Address parking and noise concerns proactively in showings.

Competitive Analysis

Comparable Markets

  • Midtown Crossing
  • Old Market
  • Dundee
  • Aksarben Village

Market Positioning

Trendy, urban, and walkable alternative to more suburban or traditional Omaha neighborhoods.

Competitive Advantages

  • Historic charm with modern amenities
  • Central location
  • Strong rental demand

Price Comparison

Priced higher than Midtown Crossing for historic homes, but below Old Market and Dundee for similar property types.

Investment Metrics

5.2% - 6.1% (2025 estimates)
Cap Rates
5.5% - 6.5% gross yield for condos and apartments
Rental Yields
16-18
Price-to-Rent
Positive cash flow possible for well-located condos and updated historic homes; strong short-term rental potential.
Cash Flow
6-8% annual appreciation expected over next 3 years, barring economic downturn.
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by urban lifestyle, walkability, and entry-level condos; may need education on older home maintenance.

Move-Up Buyers

Seek larger historic homes or new townhomes with modern amenities and parking.

Downsizers

Interested in low-maintenance condos or lofts near amenities; may be sensitive to noise and parking.

Investors

Strong demand for rentals; focus on updated units and proximity to UNMC.

Relocators

Drawn by central location, vibrant culture, and easy access to major employers.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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