Warren Buffett House: The $31,500 Omaha Home He Still Lives In

In the heart of Omaha, Nebraska, sits a stucco house on a corner lot that defies every expectation for the home of one of the wealthiest people on the planet. Warren Buffett bought it in 1958 for $31,500, when he was 27 years old, and nearly seven decades later it is still where the Oracle of Omaha lives. The Warren Buffett house has outlasted his entire 60-year run as Berkshire Hathaway’s chief executive.

Zillow now puts the five-bedroom home’s value at roughly $1.43 million, a gain of about 4,400% since the purchase. That is a tiny fraction of Buffett’s fortune, yet he has never upgraded. For the man who built his empire on value investing, the modest Omaha property says more about his thinking than any annual letter could.

Warren Buffett House at a Glance

Privacy note: Although the home’s location is widely reported, this article does not publish its exact street address.

How Buffett Came to Own His Omaha Home in 1958

Buffett was 27 and only two years into running his investment partnership when he paid $31,500 for the house, becoming its fifth owner. He and his first wife, Susan, raised their three children there: Susie, Howard and Peter.

The house did double duty in those early years. From 1956 until 1962, Buffett ran his partnerships from home rather than renting an office. Only once the capital he managed had grown to several million dollars did he move the operation into Kiewit Plaza, the office building that went on to serve as Berkshire Hathaway’s headquarters for decades.

The family story changed in 1977, when Susan moved to San Francisco to pursue her singing career, although the couple stayed married until her death in 2004. Buffett remained in Omaha with Astrid Menks, whom Susan had introduced to him. Buffett and Menks married in 2006, and she still shares the house with him.

What the House Is Actually Like

Buffett has never given a media tour of the house, and no floor plan has ever been published. The photos you’ll find online show only the exterior, and because it is a private home, fans can see it only from the street. Descriptions of specific rooms or finishes that circulate online come from unverified write-ups rather than from Buffett or a public listing, so there are few confirmed details about the interior. The public record describes a 1921 house with a stucco exterior and several additions, set on a larger-than-average corner lot with mature trees. Its five bedrooms reflect a home bought for a growing family rather than for display.

The most visible upgrade has been security. After years of urging from those around him, Buffett allowed a fence and security cameras around the property, which remains otherwise unremarkable from the street. It is a comfortable family home in an established Omaha neighborhood, but by billionaire standards it is strikingly modest, with no gated estate, no guesthouse compound and no waterfront.

Why Buffett Calls It His “Third Best Investment”

Buffett explained his view of the house in Berkshire Hathaway’s 2010 shareholder letter. He called it the third best investment he ever made, ranking it behind only the two wedding rings. The value he was describing wasn’t financial. The purchase, he said, gave his family 52 years of terrific memories, and counting.

In the same passage he admitted that, purely in money terms, he would have done far better renting and putting the purchase money into stocks. That nuance often gets lost. Buffett does not treat his home as a clever investment play. He sees it as a place to live that his family could comfortably afford, and he has warned buyers against stretching beyond their means for a house.

That approach also explains why he has never traded up. He owns a home that suits the way he lives, and a bigger one would add cost without adding anything he values.

Still Home After Nearly 70 Years

Buffett turned 96 in August 2026 and still lives in the house he bought in 1958. His role at Berkshire has changed around him, though. He stepped down as chief executive at the end of 2025, and Greg Abel took over as CEO at the start of 2026. Buffett remains chairman, and at the 2026 annual meeting in Omaha he spoke from the audience rather than the stage.

The office he commuted to has changed as well. Kiewit Plaza was sold in 2019 and renamed Blackstone Plaza, but Berkshire’s famously small head-office staff still works there, a short drive from his home.

The Neighborhood Around Buffett’s Home

The house sits in Omaha’s Dundee–Happy Hollow area, one of the city’s older residential districts, a few miles west of downtown. Dundee is known for tree-lined streets and early-20th-century homes, and it has a small walkable business strip with independent shops and restaurants.

The neighborhood suits Buffett’s routine. Everything he needs, from the office to his favorite fast-food stops, sits within a short drive, and he has long been a familiar sight around town rather than a recluse behind gates. Visitors to Omaha often drive past the house, particularly during Berkshire’s annual meeting weekend, but it remains a private residence.

The Laguna Beach House He Sold in 2018

The Omaha home was never Buffett’s only property. In 1971 he paid $150,000 for a beach house in Emerald Bay, a gated community in Laguna Beach, California, mainly for Susan and the family to use. Buffett spent winter holidays there and wrote parts of his annual letters in the house.

After years of limited use, he listed it for $11 million in 2017. Following price cuts, including a drop to $7.9 million in August 2018, the house sold that October for $7.5 million. That sale left the Omaha house as his only home. The buyers, Melissa and Parsa Rohani, spent three years restoring the beach house through Melissa’s design firm, Studio Gutow, and finished in 2021. It is the only Buffett home whose interior has been widely photographed.

The Frugal Habits That Match the House

Buffett’s everyday routine fits the house he lives in. He is the billionaire best known for eating McDonald’s breakfast almost every morning. For years he stopped at McDonald’s on his short drive to the office and picked one of three breakfasts, priced at $2.61, $2.95 or $3.17, based on how the stock market was doing that morning. The routine was captured in HBO’s 2017 documentary Becoming Warren Buffett, along with the Coke that usually goes with it.

His car is just as ordinary. In 2014 he retired his 2006 Cadillac DTS, and his daughter Susie helped him buy a Cadillac XTS from an Omaha dealership, reportedly at a discount because of hail damage. He was still driving that car in 2026. Buffett has said he drives only a few thousand miles a year, so he sees no reason to replace a car that works.

These choices aren’t a performance. They come from the same idea as his refusal to move: spend on what adds real value to your life and skip the rest.

Conclusion

The Warren Buffett house is a 1921 stucco home on a corner lot in Omaha, bought for $31,500 and now worth around $1.4 million. It has held his family, his first business and nearly 70 years of his life. He has handed the CEO job to Greg Abel and sold his only vacation home, but he has kept this house.

The home backs up what Buffett has said for decades. It was a poor stock-market investment and a great life investment, and he has never seen a reason to trade it for something bigger.

FAQ

What is Warren Buffett’s Omaha house worth today?

Zillow estimated the home at roughly $1.43 million in 2026, compared with the $31,500 he paid in 1958.

Does Warren Buffett still live in the house he bought in 1958?

Yes. He has lived there since 1958 and continues to do so with his wife, Astrid Menks, including after stepping down as Berkshire Hathaway’s CEO at the end of 2025.

How big is Warren Buffett’s house?

It has five bedrooms and about 2.5 bathrooms in roughly 6,500 square feet, on a corner lot of around 0.73 acres.

Does Warren Buffett own any other homes?

Not today. He sold his Laguna Beach, California, vacation home for $7.5 million in 2018, leaving the Omaha house as his only residence.

Why does Buffett call his house his “third best investment”?

In his 2010 shareholder letter he ranked it behind only his wedding rings because of the family memories it gave him, while admitting he would have made more money renting and buying stocks.