Introduction

Investing in rental properties can be a lucrative venture, but it requires careful consideration of several factors to ensure success. One of the most critical aspects is choosing the right location. A good rental property is not just about the building itself but also about the surrounding area. The location can significantly influence the property's desirability, rental income, and long-term appreciation.

Douglas County, NE, is a region with diverse neighborhoods, each offering unique opportunities for investors. This guide provides an in-depth look at the best areas in Douglas County for rental property investments, grading them on various factors such as convenience, tourist attractions, things to do, average home prices, return on investment, proximity to work-related travel hubs, and the "x-factor" that makes each area unique and desirable.

Best Neighborhoods and Areas in Douglas County, NE

1. Downtown Omaha

Grades:

• Convenience: A
• Tourist Attractions: A
• Things to Do: A
• Average Home Prices: C
• Return on Investment: B+
• Proximity to Work-Related Travel: A
• X-Factor: A

Downtown Omaha is the urban heart of Douglas County, known for its vibrant atmosphere and bustling activity.

Convenience:
Downtown Omaha boasts excellent public transportation, a high walkability score, and easy access to major highways. Its central location makes commuting convenient for residents.

Tourist Attractions:
Home to the Old Market, a historic district filled with shops, restaurants, and galleries, Downtown Omaha is a major draw for tourists. The area also hosts the Durham Museum and the Omaha Children's Museum.

Things to Do:
From dining and nightlife to cultural events and festivals, there's always something happening in Downtown Omaha. The area's lively arts scene and numerous entertainment options make it a desirable location for renters.

Average Home Prices:
While property prices in Downtown Omaha are higher than in suburban areas, the potential for high rental income offsets the initial investment.

Return on Investment:
Given its desirability and central location, properties in Downtown Omaha tend to have a strong rental market and good appreciation potential.

Proximity to Work-Related Travel:
With its proximity to major business centers, hospitals, and convention centers, Downtown Omaha is ideal for professionals who travel frequently for work.

X-Factor:
The unique blend of historic charm and modern amenities, coupled with a vibrant cultural scene, makes Downtown Omaha an attractive place to live and invest.

2. Benson

Grades:

• Convenience: B+
• Tourist Attractions: B
• Things to Do: A-
• Average Home Prices: B
• Return on Investment: A
• Proximity to Work-Related Travel: B
• X-Factor: A

Benson is a trendy neighborhood known for its eclectic vibe and strong sense of community.

Convenience:
Benson offers good access to public transportation and is a short drive from downtown Omaha. The neighborhood is also bike-friendly and walkable.

Tourist Attractions:
While not a major tourist hub, Benson has unique local attractions such as indie music venues and art galleries that draw visitors.

Things to Do:
Benson is famous for its vibrant nightlife, with numerous bars, restaurants, and live music venues. The area also hosts community events like the Benson First Friday art walks.

Average Home Prices:
Property prices in Benson are moderate, making it an attractive option for investors looking for affordable entry points with good rental potential.

Return on Investment:
With its rising popularity and demand, Benson offers a high return on investment, particularly for rental properties catering to young professionals and creatives.

Proximity to Work-Related Travel:
Benson is reasonably close to downtown Omaha and other employment centers, making it convenient for commuters.

X-Factor:
The neighborhood's unique blend of artsy charm, community spirit, and nightlife makes Benson a standout area for renters looking for a lively, engaging environment.

3. Dundee

Grades:

• Convenience: B
• Tourist Attractions: B
• Things to Do: B+
• Average Home Prices: B-
• Return on Investment: B+
• Proximity to Work-Related Travel: B
• X-Factor: B+

Dundee is a historic neighborhood with a strong community feel and charming, tree-lined streets.

Convenience:
Dundee provides decent access to public transportation and is conveniently located near major roads. The area is pedestrian-friendly with numerous local amenities.

Tourist Attractions:
Notable for its historic significance, Dundee attracts visitors with landmarks like the Dundee Theater and a variety of local shops and restaurants.

Things to Do:
Dundee offers a range of dining and shopping options, parks, and community events that cater to families and professionals alike.

Average Home Prices:
Home prices in Dundee are mid-range, offering a good balance between affordability and investment potential.

Return on Investment:
The neighborhood's strong sense of community and historic appeal make it a solid choice for long-term rental investment, with steady appreciation rates.

Proximity to Work-Related Travel:
Dundee's location provides reasonable access to downtown Omaha and other business districts, making it suitable for commuters.

X-Factor:
The neighborhood's historic charm, coupled with a vibrant local culture and community events, gives Dundee a unique and desirable appeal.

4. Aksarben Village

Grades:

• Convenience: A
• Tourist Attractions: B+
• Things to Do: A
• Average Home Prices: B-
• Return on Investment: A
• Proximity to Work-Related Travel: A
• X-Factor: A-

Aksarben Village is a modern, mixed-use development known for its dynamic environment and convenient amenities.

Convenience:
Aksarben Village offers excellent convenience with ample public transportation, close proximity to major highways, and a highly walkable design.

Tourist Attractions:
While primarily a residential and commercial area, Aksarben Village features attractions like the Baxter Arena and Stinson Park, which host events and concerts.

Things to Do:
The area is packed with entertainment options, including shopping, dining, and recreational activities. The weekly farmers market and various festivals add to its appeal.

Average Home Prices:
Home prices are relatively moderate, considering the amenities and lifestyle offered, making it an attractive investment area.

Return on Investment:
With its high demand and modern appeal, Aksarben Village offers strong rental income potential and good property appreciation.

Proximity to Work-Related Travel:
The area's proximity to business centers, hospitals, and the University of Nebraska Omaha makes it ideal for professionals and students alike.

X-Factor:
Aksarben Village's blend of modern living, entertainment options, and community events makes it a unique and desirable place for renters.

5. West Omaha

Grades:

• Convenience: B+
• Tourist Attractions: B
• Things to Do: B+
• Average Home Prices: B+
• Return on Investment: B
• Proximity to Work-Related Travel: B
• X-Factor: B

West Omaha is a suburban area known for its family-friendly environment and excellent schools.

Convenience:
West Omaha offers good access to major highways and has several shopping centers, making daily errands convenient.

Tourist Attractions:
While not a major tourist destination, West Omaha has attractions like the Village Pointe Shopping Center and local parks.

Things to Do:
The area features various recreational activities, dining options, and family-oriented events. Its numerous parks and golf courses are popular among residents.

Average Home Prices:
Home prices in West Omaha are on the higher side but offer good value given the quality of life and amenities available.

Return on Investment:
West Omaha provides stable rental income opportunities, especially for family-sized properties, making it a reliable investment area.

Proximity to Work-Related Travel:
The area is well-connected to business districts and has several corporate offices, making it convenient for professionals.

X-Factor:
West Omaha's excellent schools, safe neighborhoods, and family-friendly amenities make it a highly desirable location for families and long-term renters.

Conclusion

Douglas County, NE, offers a variety of neighborhoods each with its unique strengths and opportunities for rental property investments. By considering factors such as convenience, tourist attractions, things to do, average home prices, return on investment, proximity to work-related travel, and the unique "x-factor" of each area, investors can make informed decisions to maximize their returns. Whether you're looking for the vibrant urban lifestyle of Downtown Omaha or the family-friendly environment of West Omaha, Douglas County has something to offer every investor.