Warren Buffett's House: the Omaha Home He Bought in 1958

Warren Buffett lives in Omaha, Nebraska, in the house he bought in 1958 for $31,500. In his November 2025 letter he calls it his "first and only home", about two miles from where he grew up. Fortune describes it as a five-bedroom house and reported in December 2024 that it was worth over $1.4 million according to Realtor.com, an estimate without a date of its own. Buffett, who has lived there for more than 60 years, has called it the third best investment he ever made, after his two wedding rings.

This page sticks to what Buffett and dated reports say about the house, and works out what the $31,500 would have become in Berkshire stock instead, the comparison Buffett himself made in 2010. It does not print the street address.

The Omaha house in Buffett's own words

In his 2010 letter, Buffett wrote that the purchase of his home was the third best investment he ever made, "though I would have made far more money had I instead rented and used the purchase money to buy stocks." For the $31,500, he added, "my family and I gained 52 years of terrific memories." The same letter notes that Charlie Munger "grew up within 100 yards of where I have lived for 52 years"; in 2025 Buffett placed the house less than two blocks from his in-laws and a six or seven minute drive from his office.

A $915,000 value also circulates. It comes from a November 2019 blog estimate based on comparable houses in the neighborhood, an older and weaker estimate than Fortune's dated figure, so we do not use it. We also leave out details on the security of the property, as a privacy choice.

The opportunity cost of the house

Buffett's 2010 remark is a lesson in opportunity cost: the money in the house could have compounded in stocks. Berkshire's own table in the 2025 letter gives the overall gain of its per-share market value from 1964 to 2025 as 6,099,294%, against 46,061% for the S&P 500 with dividends.

The house still won on Buffett's own terms: a family home pays in use, not in a price series. For a trader, the reusable part is the test, applied to every position: what is the next best use of this money? Charlie Munger put it the same way, and his rules are on our Charlie Munger page.

The Laguna Beach house he sold

Buffett also owned a vacation home in Laguna Beach, California. David Kass of the University of Maryland reported in October 2018 that Buffett had bought it for $150,000 in 1971 and sold it for $7.5 million, a compounded annual return of 8.7%. Our check: $7.5 million is 50 times $150,000, and 50 to the power of 1/47 is 1.0868, or 8.7% a year over 47 years. Fortune gives the same purchase and sale prices and dates the sale to 2018.

Who runs Berkshire now

On May 4, 2025, Berkshire's board appointed Greg Abel chief executive from January 1, 2026. On September 18, 2026, Berkshire announced that Buffett had become Chairman Emeritus and remained a director, with Howard G. Buffett as chairman. In his letter released that day, Buffett, born in Omaha on August 30, 1930, wrote that he had recently celebrated his 96th birthday.

Learn Buffett's method

Buffett learned value investing from Ben Graham and, by his own account in the 2023 letter, changed it under Munger's advice toward wonderful businesses at fair prices. These Udemy courses teach value investing (affiliate links; each course page was online on October 30, 2026):

• Value Investing Bootcamp: How to Invest Wisely
• Full Warren Buffett Value Investing & Stock Trading Course
• The Complete Value Investing Course
• The Advanced Value Investing Course

To start with one, the Value Investing Bootcamp covers the basics; see the course page for its current syllabus and price, or start the course on Udemy. More investor profiles are in our famous traders section, including Cathie Wood, whose ARK funds follow a very different method.