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Warren Buffett bought his Omaha, Nebraska, home in 1958 for $31,500. He later described it as one of his best investments—not because it maximized his financial return, but because it gave his family a home and, over 52 years, “terrific memories.” The house is often called modest in comparison with billionaire estates, though at about 6,570 square feet it is not objectively small.
Where Warren Buffett lives
In September 2026, recent profiles still identified Buffett’s Omaha house as his residence. Forbes and Realtor.com reported on the home that month. Residence status can change, so this describes what those reports said at that time: Forbes’ September 2026 profile and Realtor.com’s September 2026 article.
The personal residence is not a public attraction. Its interest lies in the contrast between Buffett’s wealth and the home he chose to keep, not in inviting visits or photographs.
What the house is like
Architectural Digest describes the stucco house as having five bedrooms, two and a half bathrooms, and approximately 6,570 square feet. Realtor.com also reports five bedrooms and approximately 6,570 square feet. These are figures from secondary reporting, not a property record. Architectural Digest; Realtor.com.
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The home was built in the early 1920s; Architectural Digest and Realtor.com give 1921, while Omaha Exploration dates it to 1922. Buffett and his then-wife, Susan, raised their three children there, according to Architectural Digest and Realtor.com. Architectural Digest; Omaha Exploration; Realtor.com.
How much Buffett paid—and what he said it was worth
Buffett said he paid $31,500 for the house in his 2010 letter to Berkshire Hathaway shareholders, published in 2011. He called buying it “the third best investment I ever made.” In the same passage, he acknowledged that he would have made more money by renting and investing the purchase money in stocks. His reason for valuing the home was different: it had given his family 52 years of “terrific memories” by the time he wrote the letter. Berkshire Hathaway’s 2010 shareholder letter.
Rank #2
That distinction matters. Buffett did not present home ownership as a guaranteed path to superior investment returns. By his own account, the financial alternative would have paid better; the house’s value to him also came from the life his family lived there. The $31,500 is the purchase price he reported, not a current estimate of the home’s value.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Why the house became a symbol of restraint
The story endures because the purchase is easy to contrast with the image of billionaire-scale luxury: Buffett bought one Omaha home decades ago and stayed there, while tying its worth to family life rather than to the largest possible return. The “modest” label is relative to estates associated with extreme wealth. A 6,570-square-foot home is substantial by ordinary standards, so the more precise point is that Buffett’s residence became a symbol of restraint in how he chose to live, not proof that the house itself is small.
Rank #3
For a wider biographical account, Alice Schroeder’s The Snowball: Warren Buffett and the Business of Life offers context on Buffett’s life; it is not a house-specific guide. Architectural Digest’s overview identifies the book as biographical context.
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