Among those planning to move to Omaha, there are often questions about whether the neighborhood where Warren Buffett lives is truly affluent. To summarize, there are indeed affluent areas, but the affluent landscape of Omaha is a bit broader than that. Omaha is less well-known compared to other major cities, so I would like to take this opportunity to outline the characteristics of different areas.

First, Dundee is one of the oldest upscale residential areas in Omaha, featuring Tudor-style mansions with nearly a century of history. The median home price is estimated to be around $400,000 to $500,000, and it is well-known as the neighborhood where Warren Buffett has lived for decades. Its proximity to downtown combined with a quiet atmosphere is considered one of the area's attractions. There are also old shops and cafes within walking distance, making it quite convenient for daily living.

The Regency area represents a newly emerging affluent neighborhood in west Omaha. Developed around a golf club and a large shopping center, the median price here has risen to around $600,000 to $800,000, and in recent years, the number of newly built large homes has been steadily increasing. With hospitals and office clusters nearby, the commuting burden for professional households is relatively low.

West Elkhorn and the Skyline area are also newly emerging upscale neighborhoods in Omaha, characterized by large lots and newly constructed homes. The median price appears to be around $500,000 to $700,000. The excellent public school district is cited as a reason for the area's popularity, and there has been a noticeable increase in families with young children moving here in recent years.

Compared to the overall median home price in the Omaha metro area, which is between $250,000 and $280,000, Regency and West Elkhorn are nearly two to three times higher than the metro average. While Dundee has a lower absolute price range than other emerging affluent neighborhoods, it can be understood as having a separate premium due to its history and symbolism. An interesting feature of the Omaha market is that both emerging developments and historic districts share a similar level of popularity.

Since Omaha is home to the headquarters of several major corporations, including Berkshire Hathaway, it is advisable for Korean families working in related industries to first consider areas like Regency or West Elkhorn, which have many new constructions and good school districts. Families that prioritize education for their children will find it particularly helpful to carefully compare the school district ratings in these two areas.

Omaha has a lower overall cost of living and housing prices compared to other major cities, making it relatively easier to enter affluent neighborhoods with the same budget. For those contemplating their initial settlement in the U.S., it may feel like a more accessible market. It is also worth noting that with the same budget, one can choose to live in a top-rated school district in Omaha instead of a typical residential area in a major city.

The wealth in Omaha is divided between the historically significant Dundee and the newly developed areas of Regency and West Elkhorn. Depending on your budget and priorities, I hope you take the time to explore which of these two aspects suits you better.