What is the Best Neighborhoods USA ranking for Elkhorn?
Elkhorn is ranked No published Omaha rank is currently available; #4 of 39 eligible neighborhoods in NE; and #688 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Elkhorn
Omaha, NE | Douglas County
Scored premium profile
Best Neighborhoods USA Index
74.5
Stability and Strength
79.6
Value Opportunity
77.2
Momentum
62.4
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Omaha, NE |
| County | Douglas County |
| National rank | #688 of 14,967 |
| State rank | #4 of 39 |
| City rank | Not available |
| County rank | Not available |
| National percentile | 95.4 |
| National band | TOP_5_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $534,708 |
| Year-over-year home value change | 1.8% |
| Month-over-month home value change | 0.19% |
| Home value to income ratio | 4.05 |
| Median household income | $132,009 |
| Bachelor's degree or higher | 62.5% |
| Civilian unemployment rate | 1.7% |
| Homeownership rate | 74.9% |
| Housing vacancy rate | 2.6% |
| Rent burden 30% or higher | 42.7% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Elkhorn
Is Elkhorn one of the best neighborhoods in Omaha?
Elkhorn has a Best Neighborhoods USA Index of 74.5 and a city ranking of No published Omaha rank is currently available.
How much are homes worth in Elkhorn?
The current Zillow Home Value Index for Elkhorn is approximately $534,708.
Are home values rising or falling in Elkhorn?
Zillow neighborhood values changed 1.8% year over year and 0.19% month over month.
What is the Neighborhood Momentum Score for Elkhorn?
Elkhorn has a Neighborhood Momentum Score of 62.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Elkhorn?
The NDS-derived neighborhood median household income is approximately $132,009.
How affordable is Elkhorn relative to household income?
The current Zillow home-value-to-household-income ratio is 4.05. Price-to-income affordability is a major Value Opportunity input.
Is Elkhorn primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 74.9%.
What is the unemployment rate in Elkhorn?
The NDS-derived civilian unemployment rate is approximately 1.7%.
How educated are residents of Elkhorn?
Approximately 62.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Elkhorn face high rent burden?
Approximately 42.7% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Elkhorn?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications1,759
Estimated originations1,215
Home-purchase applications973
Origination rate69.1%
Home-purchase share55.3%
Average application loan$491,641
Total application loan amount$865,007,346
National application rank#59 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 6.9% YoY; originations 7.0% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.