Warren Buffett stands within one of the the rich and respected people on earth with a net worth about $160 billion.
The Warren Buffett house story is the most powerful example of his famous frugality.
While other billionaires build compounds with helicopter pads and underground bunkers, Buffett drives home to a gray stucco house in a regular neighborhood.
This house cost him $31,500 when he bought it as a young investor.
It is in the quiet Dundee neighborhood of Omaha on a corner and it’s not fancy or extravagant with no security and gates.
But this isn’t only about bricks and mortar.
In this post, we’re digging into Buffett’s lifelong home reveals about his financial mindset.
We’ll look at why a man who could afford any palace on earth calls this place home, what his real estate philosophy can teach us about money moves, and why his third-best investment can be the most revealing.
Where does Warren Buffett currently live?
Warren Buffett lives in the Omaha, Nebraska home he purchased in 1958 for $31,500.
While he could buy the entire neighborhood, he’s never had interest in upgrading or moving elsewhere.
This modest five-bedroom house has appreciated nicely over the decades.
Current estimates put its value between $1.4 and $1.5 million, representing a mind-boggling 4,300% return on his initial investment.
The home offers about 6,570 square feet of living space and was built in 1921.
It sits on a corner in the Dundee neighborhood, located across from Berkshire Hathaway’s headquarters.
The place has 2.5 bathrooms and maintains its original character from when Buffett moved in with his young family.
| Warren Buffett House Details | |
| Location | Omaha, Nebraska (Dundee neighborhood) |
| Purchase Year | 1958 |
| Purchase Price | $31,500 (about $340,000 in today’s dollars) |
| Current Value | $1.4-$1.5 million |
| Size | Approximately 6,570 square feet |
| Year Built | 1921 |
| Bedrooms | 5 |
| Bathrooms | 2.5 |
| Special Features | Corner lot, close to Berkshire Hathaway HQ |
| Return on Investment | Roughly 4,300-4,700% |
Warren Buffet House Tour: The Omaha, Nebraska
This house wasn’t designed to impress guests or make architectural statements.
It was built for comfort, continuity, and quiet thought.
The simple furniture, old-fashioned layout, and with no luxury amenities is a reminder of his belief that success doesn’t require excess.
For a guy worth $160+ billion, his living situation is modest.
The Warren buffet house tour will tell you that having billions in your bank is not necessary, that you should live in a mansion but living a simple life is more relaxing.
Exterior Overview
The gray stucco house sits on a corner lot with a curved driveway and small front yard with no massive gates, no security detail visible from the street.
It’s like a regular home that happens to one of the world’s greatest investors.
The house has a sloped roof and simple landscaping, nothing flashy or attention-grabbing.
Buffett once joked that he tells his wife “if we move, I’m never going to have a better place to think” than this home.
The unassuming exterior matches his public persona.
Entry and Living Area
Step inside and you’ll find comfortable furniture that looks like it could belong to anyone’s grandparents.
Buffet doesn’t waste money replacing perfectly functional items.
The living room features well-worn furniture arranged for conversation rather than to impress.
Books fill the shelves because he reads hundreds of pages daily, and his home reflects this intellectual appetite.
You won’t find expensive art installations or designer showpieces.
Instead, it has family photos and mementos from his decades-long career occupying the space.
Bathroom
The bathrooms maintain their original character with modest updates over the years with no gold fixtures or marble.
It’s a practical space that serves their purpose without extravagance.
For a billionaire, this is the surprising room in the house.
Where others install spa-like retreats with imported tiles, Buffett keeps things simple and functional.
Bedroom
Buffett says his favorite room is his bedroom.
Not because of any luxury features, but because it’s where he does his best thinking and reading.
The space features a comfortable bed, nightstands, and lamps.
He spends hours reviewing financial statements and annual reports from companies he’s considering for investment.
He once said he could be as happy in an apartment as long as he had this bedroom to think about.
The Kitchen
The kitchen looks like it was last updated a long time before.
But it works perfectly for Buffett’s modest eating habits.
Famous for his love of simple foods like hamburgers and Cherry Coke, he doesn’t need or want a gourmet kitchen with professional appliances.
He starts days with McDonald’s breakfast, for less than $4.
The kitchen reflects this practicality with basic appliances and functional layout.
Buffett’s Home Office or Study
While Buffett does his work at Berkshire Hathaway’s office, a glance at the Warren Buffet house inside shows that he has a home office which has bookshelves filled with reports, financial journals, and books on investing and business.
The desk is functional rather than flashy and has no expensive artwork adorning the walls.
Instead, you’ll find newspaper clippings, family photos, and mementos from his business career.
This room epitomizes Buffett’s approach to life.
Focus on what matters, eliminate distractions, and not waste money on appearances.
Dining Room
The dining room follows the same pattern of comfort over luxury.
A simple table and chairs provide space for family meals.
Buffett avoids expensive restaurants and prefers steaks from his favorite local spots or fast food.
The dining room reflects an unpretentious approach to eating and entertaining.
Why Warren Buffett Still Lives There? Buffett’s Philosophy on Homeownership
Buffett says that his Omaha house is the “third-best investment”, ranking behind his two wedding rings.
That statement reveals volumes about how he views housing.
For Buffett, a home isn’t a financial asset or status symbol but it’s a place where you find comfort and relaxation.
“I couldn’t imagine having a better house,” he once said.
“I’d feel like a fish out of water with a different house.”
This quote with what he has upgraded reflects his broad investment philosophy.
He buys valuable assets at reasonable prices and holds them forever, watching their value grow.
His approach to housing mirrors his valuable investing principles.
He buys stocks in companies with fundamentals trading below their intrinsic value, he bought a solid house that met his needs at a reasonable price.
For a man who made billions identifying undervalued assets, Buffett recognized that the real value of his home wasn’t in its resale price but in the stability and contentment it brought to his life.
Buffett’s Other Real Estate Investments
Not like many wealthy individuals who have mansions around the world, Buffett has kept his real estate portfolio simple.
He separates his personal lifestyle choices from his investment decisions.
He once owned a vacation home in Laguna Beach, California.
Buffett purchased this oceanfront property in 1971 for about $150,000.
He sold it in 2018 for $7.5 million.
This secondary home was modest by billionaire standards and purchased because his late first wife liked spending time there.
His first venture into real estate came at age 15 when he bought a Nebraska farm with savings.
Later, in 1986, he purchased farmland north of Omaha from the FDIC, expecting around 10% returns.
He’s also invested in agricultural land in South Africa and Arizona through Berkshire Hathaway.
But these investments stand apart from his personal housing choices.
While he sees farmland as a valuable investment, Buffett keeps his own living situation simple compared to his wealth and status.
Warren Buffet’s Real Estate Advice and Tips To Learn
Buffett’s approach to real estate offers valuable lessons for homebuyers.
First, he applies the same value-based principles to housing as he does to stocks.
Buy below intrinsic value whenever possible, then hold them for the long term.
Second, he views homes as personal utility rather than financial speculation.
“Your house is not an investment,” he says, unless you’re renting it.
It’s a place to live that happens to retain some value.
When it comes to mortgages, Buffett prefers 30-year fixed-rate loans.
“If you’re wrong and rates go to 2%, which I don’t think they will, you pay it off,” he explained. “It’s a one-way renegotiation. It is an attractive instrument for the homeowner.”
The best way is to buy a house that meets your needs, can simply afford it, finance it wisely, and stay put as long as it serves you well.
Conclusion
This house is the symbol of his approach to money and life.
He can afford any mansion on earth, but he lives in the Warren Buffett house he bought for $31,500 back in 1958.
This modest five-bedroom home in Omaha isn’t what people would expect from someone whose worth is over $160 billion.
His home reminds us of his core principles, live within your means, invest for the long term, and find comfort in simplicity rather than luxury.
The lesson here isn’t to live in a modest home like Buffett.
The real takeaway is thinking like Buffett when making housing decisions. Buy what you need rather than for status.
Consider the long-term implications rather than short-term impressions and recognize that true wealth comes from wise investments, not expensive possessions.
In the end, Warren Buffett house has a statement. While other billionaires build monuments to their egos, Buffett built something valuable that has financial freedom and peace of mind.
FAQs on Warren Buffett
How many houses does Warren Buffett own?
Warren Buffett owns only one house, his primary residence in Omaha, Nebraska.
He once owned a vacation home in Laguna Beach, California, but sold it in 2018 for $7.5 million after owning it since 1971.
His simple approach to homeownership reflects his philosophy about money.
What kind of car does Warren Buffett drive?
Buffett drives modest vehicles rather than luxury cars. He recently owned a 2014 Cadillac XTS, replacing his previous 2006 Cadillac DTS. He’s famous for keeping cars for many years and avoiding flashy status symbols, despite having the means to own a vehicle.
What is Warren Buffett’s net worth?
Warren Buffett’s net worth stands approximately $160-169 billion as of 2025, making him one of the wealthiest people in the world. Despite this wealth, he’s pledged to give away 99% of his fortune to philanthropic causes, through the Gates Foundation.