Dundee

Omaha, NE

Neighborhood Market Analysis

Q3 2025 Report

$437,500 (June 2025)

Median Home Price

76 (Very walkable)

Walkability Score

Generally 8–9/10 (GreatSchools); Dundee Elementary is highly rated.

School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by Dodge St (south), Underwood Ave (north), 50th St (east), and 72nd St (west).

Zip Codes

68132

Market Data Summary

Price Range$398,500–$437,500 (recent sales, May–June 2025)

Price per Sq Ft$195 (June 2025)

Inventory LevelsVery low; only 2 homes sold or pending in April 2025, down 60% MoM.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesHistoric homesOccasional duplexes

Architectural Styles

Tudor RevivalColonial RevivalCraftsmanAmerican FoursquareBungalows

Property Details

Typical Lot Sizes0.15–0.25 acres

Home Age RangeBuilt 1900–1940s, many restored or updated

Construction QualityHigh, with well-maintained historic details and modern upgrades common.

Community Profile

Demographics & Lifestyle

Demographics

Mix of young professionals, families, and retirees; highly educated, mid-to-upper income.

Community Vibe

Historic, tight-knit, community-oriented, pride in preservation.

Typical Residents

Families
Young professionals
Retirees
Investors

Family Friendly

Very; walkable, parks, and top-rated schools.

Amenities & Lifestyle

Parks & Recreation

• Memorial Park
• Elmwood Park
• Dundee Community Garden

Dining Options

• Pitch Pizzeria
• Avoli Osteria
• Amsterdam Falafel & Kabob

Shopping Centers

• Local boutiques on Underwood Ave
• Nearby Midtown Crossing

Local Businesses

• Archetype Coffee
• eCreamery
• Dundee Dell
• Mark's Bistro

Education & Schools

Generally 8–9/10 (GreatSchools); Dundee Elementary is highly rated.

Overall School Rating

Elementary Schools

• Dundee Elementary

Middle Schools

• Lewis & Clark Middle School

High Schools

• Central High School

Private Schools

• Brownell Talbot School

Transportation & Accessibility

Transit & Roads

Public Transit

• Metro Transit bus lines 2, 18

Major Roads

• Dodge St
• Underwood Ave
• 60th St

Commute & Walkability

Commute Times10–15 min to downtown Omaha by car; 20–30 min by bus.

WalkabilityHigh; errands, dining, and parks accessible on foot.

ParkingStreet parking can be limited near commercial nodes; most homes have driveways or garages.

Marketing Intelligence

Target Buyer Types

Young families
Professionals
Historic home enthusiasts
Investors

Key Selling Points

Historic architecture
Walkable lifestyle
Top schools
Strong community identity

Pricing Considerations

Price at or slightly above recent comps; expect bidding wars for well-presented homes.

Common Objections & Response Strategies

Objection: Older homes may require more maintenance.

Response Strategy:

Highlight recent updates, pre-inspection reports, and quality of historic construction.

Objection: Limited inventory and fast pace make it hard to buy.

Response Strategy:

Prepare buyers for quick decisions, use escalation clauses, and leverage local agent networks.

Objection: Street parking can be tight near businesses.

Response Strategy:

Point out private driveways/garages and walkability reducing need for daily driving.

Investment Insights

Investment Potential

Appreciation Potential

Strong; historic charm and tight inventory drive steady value growth.

Rental Demand

High, especially for updated historic homes and proximity to UNMC/downtown.

Buyer Competition

Intense; 100% of homes sold above asking in June 2025.

Best For

Long-term investors
Owner-occupants seeking community
Buyers valuing walkability and history

Potential Concerns

Limited inventory
Premium pricing
Older home maintenance

Professional Recommendations

Educate buyers on fast-moving market and prep for quick offers.

Leverage local agent networks for off-market opportunities.

Highlight Dundee’s unique lifestyle and community events.

Stage homes to accentuate both historic features and modern updates.

Advise sellers to price ambitiously but realistically, given bidding trends.

Prepare thorough property disclosures, especially for older homes.

Competitive Analysis

Comparable Markets

Benson
Aksarben/Elmwood Park
Midtown Crossing

Market Positioning

Premium historic neighborhood with strong community and walkable amenities.

Competitive Advantages

Unique historic charm
Superior walkability
Community engagement

Price Comparison

Dundee's median prices ($398,500–$437,500) are significantly above Omaha's median ($280,000–$300,000) due to historic appeal and location.

Investment Metrics

3.5–4.5% (lower due to high entry prices, but stable occupancy)

Cap Rates

4–5% gross yield for updated single-family homes

Rental Yields

~18–20 (reflects premium ownership market)

Price-to-Rent

Modest for long-term holds; best for appreciation and stable tenants.

Cash Flow

1.8–2% annually, with potential for higher gains as inventory remains tight.

Appreciation

Buyer Journey Insights

First-Time Buyers

Should be prepared for competition and higher prices; benefit from walkability and community.

Move-Up Buyers

Attracted to larger historic homes and top schools; may face limited selection.

Downsizers

Appeal in smaller bungalows and walkable lifestyle; limited condo/townhome options.

Investors

Best suited for long-term appreciation and stable rental demand; short-term cash flow limited.

Relocators

Drawn by neighborhood character and proximity to downtown/UNMC; need local agent guidance.

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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