Why Live in Fairacres
Fairacres, a prestigious neighborhood in Omaha, is known for its iconic homes built between 1905 and 1927, reminiscent of old Hollywood mansions. These properties, often gated with grand entrances and elegant outdoor spaces, include styles such as Brick Tudors, Colonial Revivals, Georgian, Craftsman, and large ranch-style homes. Located about five miles from downtown Omaha, Fairacres is surrounded by towering oaks and pines, with winding roads leading to its stately residences. Elmwood Park, just 1.5 miles south, offers attractions like an 18-hole golf course, playground, swimming pool, and scenic trails. Memorial Park, to the east, is a 65-acre green space dedicated to veterans, featuring a bronze sculpture and hosting the annual Memorial Park Concert and Fireworks Show. The Omaha Community Playhouse, bordering Fairacres to the west, is a significant arts venue with 11 shows annually. The Omaha Public School District serves the area, with Central High School offering a high rating and an International Baccalaureate Program. Dining options include Avoli Osteria for Northern Italian cuisine and Dundee Dell for elevated bar food. Grocery needs are met by Aldi and Trader Joe's, while crafting supplies are available at Michaels. Public transportation is accessible via bus stops along Dodge Street and 72nd Street, with routes to downtown Omaha. Eppley Airfield, 10 miles northeast, provides convenient travel options with about 25 nonstop destinations.
Frequently Asked Questions
Is Fairacres a good place to live?
Fairacres is a good place to live. Fairacres is considered car-dependent and somewhat bikeable with some transit options. Fairacres is a suburban neighborhood. Fairacres has 5 parks for recreational activities. It is fairly sparse in population with 5.1 people per acre and a median age of 28. The average household income is $198,443 which is above the national average. College graduates make up 81.2% of residents. A majority of residents in Fairacres are home owners, with 11.4% of residents renting and 88.6% of residents owning their home. A
local real estate agent serving Fairacres can help you decide if this neighborhood is the right one for you. Learn more on our
Fairacres neighborhood guide.
How much do you need to make to afford a house in Fairacres?
The median home price in Fairacres is $572,500. If you put a 20% down payment of $114,500 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,970 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $127K a year to afford the median home price in Fairacres. The average household income in Fairacres is $198K.
What are the best public schools in Fairacres?
The best public schools that serve Fairacres are:
What are the best private schools in Fairacres?
The best private schools that serve Fairacres are:
What are the most popular zip codes in Fairacres, Omaha, NE?
What are the most popular neighborhoods near Fairacres, Omaha, NE?
Home Trends in Fairacres, NE
On average, homes in Fairacres, Omaha sell after 52 days on the market compared to the national average of 70 days. The median sale price for homes in Fairacres, Omaha over the last 12 months is $572,500, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$572,500
Average Price Per Sq Ft
$282
Number of Homes for Sale
0
Last 12 months Home Sales
2
Median List Price
$572,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
4%