Growth trends in the Omaha NE rental market

[Nate Rohlf]

Hello,

I'm looking for some advice on the trends in the Omaha NE market.  I've heard that that development and growth is occurring along western side of Omaha.  I'm interested in purchasing a long term buy and hold rental in the Millard, Elkhorn area of the city as this appears to be relatively newer properties, middle income families, and good school districts.  Am I fairly close? That's just what I'm seeing in my research, however I'm not from Omaha and I might be off.  I've seen some properties on the SW corner go for around $134,000 (3bd/2bath), in a good school district and rent for close to %1. 

Does anyone have any insight into what kind of trends you are seeing in the rental market?