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Fairacres

Fairacres

Suburban Neighborhood in Omaha, Nebraska

Douglas County 68132

$1,153,798 Average Value
$240 Average Price per Sq Ft
1 Home For Sale

A secluded suburban enclave

“Fairacres homes are simply iconic,” says Raquel Ahlvers, a Realtor with Better Homes and Gardens Realty. Stretching beneath a canopy of oaks and pines, the original homes are mansions built in the 1920s that “remind you of homes in old Hollywood movies,” she said, describing properties with grand front entrances, swimming pools with elegant outdoor-entertainment spaces and a certain ambiance straight out of a Clark Gable film. Built between 1905 and 1927 as a planned residential suburb for wealthy residents who were among the first to own automobiles, Fairacres remains one of Omaha's most prestigious neighborhoods, about five miles from downtown Omaha.

Fairacres is an upscale residential neighborhood in central Omaha.
Fairacres is an upscale residential neighborhood in central Omaha.
Fairacres is home to several beautiful Colonial style homes with sprawling, tree-covered lawns.
Fairacres is home to several beautiful Colonial style homes with sprawling, tree-covered lawns.
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1920s mansions surrounded by towering oaks

A web of roads curves through a cover of oaks and pines, leading into the winding driveways of Fairacres residents. Many properties are gated, some with arches accentuating the entrance. While many of the mansions are large and costly to maintain, they are desirable, with homes on average selling after two days on the market. “New homeowners are proud to own a Fairacres home, and they work hard to update and maintain them,” Ahlvers said. Brick Tudors and Colonial Revivals are most common, while Georgian, Craftsman and large ranch-style homes are sprinkled throughout. While three-bedroom homes sell for $450,000 to $700,000, homes with five bedrooms or more can fetch $1 million to $3 million.

Fairacres features several bona fide mansions in the multimillion-dollar range.
Fairacres features several bona fide mansions in the multimillion-dollar range.
Fairacres features luxurious homes set among dense trees featuring breathtaking amenities.
Fairacres features luxurious homes set among dense trees featuring breathtaking amenities.
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Fun at Elmwood Park and Memorial Park

Located about 1.5 miles south of Fairacres, historic Elmwood Park is one of Omaha's oldest and most well-cultivated city parks. Fringed with mature oaks, Elmwood includes baseball fields, an 18-hole golf course, a playground, a swimming pool, a web of trails and plenty of landscaped sections, such as the Grotto, popular for events like wedding receptions. There's also a rentable pavilion available from May 1st to September 30th. Bordering the neighborhood to the east, Memorial Park is a sprawling green space dedicated to Douglas County veterans. Founded in 1944, the tree-lined park stretches with 65 acres of open lawns and includes a baseball field and playground swings. New landscaping around the grassy hillside draws attention to the bronze sculpture on loan to the park called “Embracing Peace,” which re-creates the iconic V-J Day photo of a sailor embracing a nurse in Times Square in 1945. Every summer, the Memorial Park Concert and Fireworks Show draws a crowd as internationally known musicians take the stage, and fireworks light up the night sky. “It's an incredible event; folks come from all over the city,” said Megan Feeney, the marketing content manager at Visit Omaha and resident of the neighboring community, Dundee. “You’ll see throngs of people walking from Fairacres and Dundee, as well as people from a bit farther coming from the bus stops.” The night begins with a few local acts, followed by a major headliner, and then ends with a fireworks show. Melissa Etheridge, Dave Mason and Elvis Costello headlined the show in recent years. “I think for a lot of Omahans, it really signifies that summer has arrived,” Feeney said.

Memorial Park, near Fairacres, features war memorials to Douglas County's fallen servicemembers.
Memorial Park, near Fairacres, features war memorials to Douglas County's fallen servicemembers.
Elmwood Park, outside Fairacres, features a beautiful golf course, playgrounds, and more.
Elmwood Park, outside Fairacres, features a beautiful golf course, playgrounds, and more.
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The Omaha Public School District

The Omaha Public School District serves the residents of Fairacres. Students can begin their education at Western Hills Elementary, a magnet school with a C rating on Niche. Lewis and Clark Middle and its partner Central High School are both International Baccalaureate Program schools that offer many required and elective STEM courses, with both schools receiving a C and B-plus, respectively. There are also many private schools to choose from within the area, including Mercy High School, Phoenix Academy and Brownell-Talbot Schools. The University of Nebraska Omaha borders the neighborhood to the south, just across U.S. Route 6.

Western Hills Magnet Elementary serves the Fairacres' younger residents.
Western Hills Magnet Elementary serves the Fairacres' younger residents.
Central High serves nearby Fairacres with a diverse student body and excellent academics.
Central High serves nearby Fairacres with a diverse student body and excellent academics.
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Fine dining and nearby shopping

Nearby Avoli Osteria offers authentic Northern Italian cuisine in a lively, elegant setting with exposed beams, gold-trimmed mirrors and decorative chandeliers. Owners Dario, a classically trained chef, and Amy Schicke opened in 2013. Right next door is Dundee Dell, a gastro-pub offering an elevated take on classic bar food and a wide selection of scotch and microbrews. There’s an Aldi on South 72nd Street for groceries and a Trader Joe's about 5 miles from the center of the neighborhood. For crafting, seasonal decorating and picture framing, a Michaels store is also on South 72nd Street.

Avoli Osteria in Dundee near Fairacres offers high class Northern Italian cuisine.
Avoli Osteria in Dundee near Fairacres offers high class Northern Italian cuisine.
Tactical 5.11 has all of your outdoor needs ready near Fairacres.
Tactical 5.11 has all of your outdoor needs ready near Fairacres.
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Fairacres is served by Omaha's ORBT bus line on Dodge Street.
Fairacres is served by Omaha's ORBT bus line on Dodge Street.

Getting around Fairacres

Though most residents use a car to get around, public transportation is available through several bus stops along Dodge Street and 72nd Street, with routes to downtown Omaha. Dodge Street borders Fairacres to the south, which leads into U.S. Route 6, a major thoroughfare that provides easy access to the city center less than 5 miles east of the neighborhood. For longer-distance travel, the Eppley Airfield is 10 miles northeast of Fairacres, offering about 25 nonstop destinations year-round.

Stephanie Davison
Written By
Stephanie Davison
Dylan Stowell
Photography Contributed By
Dylan Stowell
Francesco Basti
Video By
Francesco Basti

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Lisa Zimmerman, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Eppley Airfield

19 min drive

Bus

Dodge & 66th NW

Crime and Safety

1 - Low Crime, 10 - High Crime Fairacres US
Homicide 3 4
Sexual Assault 3 4
Assault with Weapon 3 4
Robbery 3 4
Burglary 3 4
Motor Vehicle Theft 3 4
Larceny 4 4
Crime Score 3 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$335,000
Median Single Family Price
$2,050,000
Median 1 Bedroom Price
$130,000
Average Price Per Sq Ft
$240
Number of Homes for Sale
1
Last 12 months Home Sales
7
Months of Supply
1.70
Median List Price
$1,174,999
Median Discount From 1st List Price
4%
Median Home Sale Price YoY Change
-61%

Home Facts

Number of Homes in Neighborhood
125
Median Year Built
1951
Avg. Single Family Home Size Sq Ft
4,644
Significantly above the national average
1,935
Average Townhouse Size Sq Ft
2,756
Average 2 Bedroom Size Sq Ft
1,373
Average 1 Bedroom Size Sq Ft
766
Median Lot Size Sq Ft
24,393

Distribution of Home Values

Source: Public Records

Homes for Sale

Interested in learning more about homes in this area? Reach out to Lisa Zimmerman, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
610
Median Age
28
Population Density
6 ppl/acre
Population under 18
23.3%
On par with the national average
23.8%
Population over 65
13.6%
Below the national average
19.1%

Finances

Median Household Income
$179,687
Significantly above the national average
$71,702
Average Household Income
$198,443

Education and Workforce

High School Graduates
95.2%
College Graduates
81.2%
Significantly above the national average
34.1%
Advanced Degrees
42.3%
Significantly above the national average
13.3%
% Population in Labor Force
61.3%

Weather

Annual Precipitation
32''
Average Winter Low Temperature
16°F
Average Summer High Temperature
88°F
Annual Snowfall
15''

Area Factors

Somewhat Bikeable

Bike Score®

47 / 100

Car-Dependent

Walk Score®

43 / 100

Some Transit

Transit Score®

35 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Fairacres