You’d think the seventh richest person on the planet would live in a house with a "shark tank" in the basement or a gold-plated helipad. Honestly, most people imagine a sprawling glass fortress in the Malibu hills. But if you want to find the Oracle of Omaha, you don't look for a gated community with armed guards and a ten-car garage. You look for a corner lot in a quiet Nebraska neighborhood.
Where does warren buffett live? He lives in the same house he bought in 1958. No, that isn't a typo. While other billionaires are out there buying superyachts that need their own support yachts, Buffett is still pulling into the same driveway he’s used for over 65 years.
It's a stucco house in Omaha. It has five bedrooms. It’s got 2.5 bathrooms. It's basically the kind of place a successful dentist or a local attorney might own. And to him, it’s perfect.
The $31,500 "Masterpiece" on Farnam Street
Let’s talk numbers because they’re kinda hilarious when you compare them to his net worth. Buffett bought the house at 5505 Farnam Street for exactly $31,500. In today’s money, adjusted for inflation, that’s roughly $330,000.
For a man worth over $140 billion, that’s the equivalent of a regular person buying a stick of gum.
The house itself was built back in 1921. It’s a 6,570-square-foot Dutch Colonial, which sounds big until you realize Bill Gates’ house is 66,000 square feet. It sits on a corner lot in the Dundee neighborhood, surrounded by mature trees and neighbors who probably just see him as the guy who likes McDonald’s breakfast.
Why he hasn't moved (And likely never will)
People ask him all the time: "Warren, why don't you buy a palace?"
His answer is usually some version of "I'm happy there." He’s famously said he’d move if he thought he’d be happier in a $100 million house, but he doesn't think he would be. He likes being warm in the winter and cool in the summer. This house does that.
He calls it the third-best investment he ever made, trailing only his two wedding rings.
Where Does Warren Buffett Live Now? (The 2026 Reality)
Even in 2026, the address remains the same. Despite the world changing and Berkshire Hathaway growing into a titan that owns everything from GEICO to Dairy Queen, the home base hasn't budged.
There are some upgrades, of course. You can't be a world-famous billionaire without some security.
- The "Secret" Security: He actually bought the house next door years ago. Why? To house his security detail. It keeps the guards close but out of his literal hair.
- A Fenced Perimeter: There’s a fence now. It’s not a ten-foot concrete wall with razor wire, but it’s more than the open lawn he had decades ago.
- The Famous Office: He doesn't have a high-tech "command center." He has a desk, a lamp, and a lot of newspapers. He spends about 80% of his day reading.
It’s a stark contrast to the "Silicon Valley" aesthetic of open-concept offices and beanbag chairs. Buffett's vibe is very much "mid-century library."
Misconceptions About the Buffett Portfolio
A common myth is that he only owns this one house. That’s not quite true, though it was true for a long time.
He used to own a vacation home in Laguna Beach, California. He bought it in 1971 for $150,000 because his late wife, Susan, liked the coast. But Warren himself? He wasn't a "beach guy." He reportedly spent most of those vacations inside, in a dark room, reading annual reports. He finally sold that property in 2018 for $7.5 million.
He also owns some farmland. He bought about 400 acres north of Omaha decades ago for his son, Howard, to farm. But as far as "residences" go? It’s Omaha or bust.
What This Tells Us About "The Oracle"
Buffett’s house isn't just a building; it’s a physical manifestation of his investment philosophy.
Low overhead. Long-term holding. Ignoring the noise.
If you buy a massive mansion, you have to staff it. You need a chef, a house manager, three cleaners, and a guy just to fix the fountain. That’s "friction" in Buffett-speak. He hates friction. He wants a life where he can wake up, drive his Cadillac to the office (which is only five minutes away), and get to work without managing a small army of domestic employees.
The Neighborhood Vibe
If you drive past 5505 Farnam St today, you might see people taking photos from the sidewalk. It's a pilgrimage site for "Value Investors."
But the neighborhood itself—Dundee—is remarkably normal. It's upscale, sure, but it’s not Bel-Air. There are kids on bikes and people walking dogs. It’s the kind of place where people know their neighbors. That groundedness is exactly why he stays. It keeps him away from the "echo chamber" of Wall Street.
Lessons We Can Actually Use
We aren't all going to be billionaires, but the way Buffett views his home offers a pretty solid blueprint for a less stressful life.
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- Avoid Lifestyle Creep: Just because you can afford a bigger mortgage doesn't mean you should take one. Buffett’s "utility per dollar" on that house is off the charts.
- Invest in Memories, Not Just Square Footage: He’s mentioned that the house is filled with decades of family memories. You can’t "upgrade" those into a new build in Vegas.
- Location Matters for Logic: He stays in Omaha because it allows him to think clearly. If your environment makes you feel like you need to compete with the Joneses, maybe change the environment, not the car.
If you’re looking for a takeaway, it’s this: Wealth isn't about what you spend; it’s about the freedom to not spend. Warren Buffett lives in a $1.4 million house (current estimated value) because he doesn't have anything to prove to anyone.
Your next move: Take a look at your own "fixed costs." Are you paying for "status" space you don't actually use? If the richest investor in history is happy in a house from 1958, maybe that extra bedroom you’re eyeing isn't the secret to happiness after all.