Papillion, NE—68046
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Papillion, NE
Home Price Trends — Papillion, NE
As of Oct '25, the median home price in Papillion, NE is $400,000, with a year-over-year change of 1.0%. This indicates that home prices in Papillion, NE are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $400,000 | 1.0% |
| Single Family | $400,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $347,000 | 1.8% |
3 Bed | $321,000 | 1.6% |
4 Bed | $442,000 | 0.7% |
| 5 Bed | $552,000 | 1.1% |
% of Housing Stock
Rental Trends — Papillion, NE
As of July '25, Rentcast reports the average rent in Papillion, NE is $1,930, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Papillion, NE is 1-bedrooms: $1,110, 2-bedrooms: $1,470, 3-bedrooms: $2,260, 4-bedrooms: $2,800. The most common rental property sizes in Papillion, NE are 2-bedroom and 1-bedroom, accounting for 39.6% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,930 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,040 | $1,110 |
| 2 Bed Rent | $1,300 | $1,470 |
| 3 Bed Rent | $2,250 | $2,260 |
| 4 Bed Rent | $2,800 | $2,800 |
% of Rental Stock
Property Listings — Papillion, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Papillion, NE is 60. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $512,000 | 5.0% |
Listing Count | 356 | 19.0% |
| Listings as % of Homes | 2.0% | 19.0% |
Days on Market | 60 | -2.0% |
Demographics — Papillion, NE
As of the latest ACS Survey released in 2023, Papillion, NE has a population of 34,100, which has increased by 22.6% over the past 5 years. Papillion, NE is a popular place for families, as children make up 26.6% of the population. The area has a highly educated workforce, with 50.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,100 | 22.6% |
% Under 18 | 26.6% | -4.7% |
% Seniors | 12.8% | 17.4% |
% WFH | 13.9% | 275.7% |
% w/ College Degree | 50.0% | 11.4% |
As of the latest ACS Survey released in 2023, Papillion, NE is a predominantly white area, with 82.5% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Papillion, NE is hispanic, making up 6.7% of the population. Foreign-born residents account for 4.1% of the population in Papillion, NE, and this percentage has increased by 24.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.5% | -6.1% |
% Black | 3.8% | 15.2% |
% Hispanic | 6.7% | 81.1% |
% Asian | 2.7% | 17.4% |
% Foreign Born | 4.1% | 24.2% |
Mortgage and Risk — Papillion, NE
According to HUD data as of 2023, there were 367 mortgage originations in Papillion, NE, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Papillion, NE. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 367 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Papillion, NE
As of 2024, the percent of homes in Papillion, NE under the Section 8 program is 4.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Papillion, NE, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 338 |
Total Units Section 8 | 170 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,040 | $1,080 |
| 2 Bedroom | $0 | $1,300 | $1,300 |
| 3 Bedroom | -$520 | $2,250 | $1,730 |
| 4 Bedroom | -$880 | $2,800 | $1,920 |
Affordability — Papillion, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $400,000 |
| Median Household Income | $114,000 |