The story of this market
The typical home in Papillion, Nebraska sells for about $350,368, or $165 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 11 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,269 a month.
Monthly price momentum
Home values since 2015
+3.2%
NE · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Papillion, Nebraska
Papillion maintains a stable housing market characterized by high median household incomes and strong owner-occupancy rates. While price growth has moderated, the city's status as a desirable suburban hub continues to support demand. Data gaps exist regarding specific tax rates and detailed inventory metrics, which should be considered in investment underwriting.
No ARED county foreclosure postings attributed to Papillion yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 5.7% year over year.
Homes spend a median of 63 days on market with 4.2 months of supply — a balanced-paced market.
4% of listings have cut prices · homes sell at 42.21% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 5.3% — a stable, low-distress profile.
- Vala's Pumpkin Patch & Apple Orchard4.38.3 mi
- The Amazing Pizza Machine4.25.7 mi
- Spare Time Omaha4.39.3 mi
- Dave & Buster's Omaha4.17 mi
- Prehistoric Putt Omaha4.76.4 mi
- CHI Health Center4.49.6 mi
- Vala's Pumpkin Patch & Apple Orchard4.38.3 mi
- Charles Schwab Field Omaha4.79.7 mi
- Strategic Air Command & Aerospace Museum4.817.2 mi
- Topgolf4.58 mi
- Omaha's Henry Doorly Zoo and Aquarium4.87.8 mi
- Vala's Pumpkin Patch & Apple Orchard4.38.3 mi
- Village Pointe4.510.3 mi
- Bob Kerrey Pedestrian Bridge4.89.9 mi
- Lauritzen Gardens4.88.6 mi
- Strategic Air Command & Aerospace Museum4.817.2 mi
- Joslyn Art Museum4.78.9 mi
- Kiewit Luminarium4.79.7 mi
- Omaha Children's Museum4.78.7 mi
- Joslyn Castle & Gardens4.68.3 mi
- Omaha's Henry Doorly Zoo and Aquarium4.87.8 mi
- Bob Kerrey Pedestrian Bridge4.89.9 mi
- Lauritzen Gardens4.88.6 mi
- Gene Leahy Mall at The RiverFront4.79.2 mi
- Platte River State Park4.714.6 mi
- Topgolf4.58 mi
- Tiburon Golf Club & Banquet Facility4.57.2 mi
- 88 Tactical4.65.9 mi
- Miracle Hill3.88.6 mi
- Indian Creek Golf Course4.613.7 mi
- Westroads Mall4.37.8 mi
- Nebraska Crossing4.511.5 mi
- Village Pointe4.510.3 mi
- Oak View Mall47.1 mi
- Eppley Airfield4.212.8 mi
- Bergan Mercy Hospital4.46 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A central community park providing green space and recreational facilities that anchor the city's outdoor lifestyle.
A major open-air shopping and dining destination that serves as a primary commercial hub for the city and surrounding areas.
Papillion is primarily suited for family buyers and long-term homeowners who prioritize suburban stability, quality schools, and proximity to Omaha's employment core. The city's high median income and established residential character make it less attractive to short-term investors but highly desirable for those seeking a permanent, community-oriented environment.
Papillion is served by the Papillion-La Vista Community School District, which is generally regarded for its strong academic performance and community-focused programming. The district maintains a stable reputation within the Omaha metropolitan area, contributing to the city's appeal for families.
The city is primarily auto-dependent, with connectivity to the Omaha metro area facilitated by major highway corridors. Public transit options are limited, reflecting the suburban nature of the community.
Papillion offers a robust amenity base centered on community parks and regional shopping. Residents have access to extensive greenbelts and recreational facilities, while Shadow Lake Towne Center serves as a primary destination for retail and dining.
The rental market in Papillion is characterized by steady demand driven by its high-income demographic and suburban lifestyle. While vacancy pressure remains relatively low, the market is sensitive to interest rate fluctuations and the availability of single-family rental inventory.
Papillion's economy is anchored by its role as the Sarpy County seat and its integration into the broader Omaha metropolitan labor market. The city benefits from a high median household income and a mix of professional services, retail, and public sector employment.
Papillion serves as a key suburban hub in Sarpy County, benefiting from its status as the county seat and proximity to major Omaha-area employment centers. Development momentum is supported by steady residential expansion and commercial growth at hubs like Shadow Lake Towne Center.
Development planning focuses on maintaining the city's suburban character while managing steady residential growth and expanding commercial infrastructure. Recent efforts have prioritized the integration of new housing with existing retail and community services.
Parcels in Papillion are subject to standard municipal and county tax levies, with additional assessments for the Papillion-La Vista Community School District. Special utility and flood control districts may apply depending on specific property locations.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Nebraska) — Nebraska Homestead Exemption: Provides a reduction or exemption of property taxes on the primary residence (homestead) of qualified individuals. The specific exemption amount is determined by income brackets and disability status as defined in state statutes. State (Nebraska) — Nebraska Real Property Tax Assessment: Real property is assessed at or near 100% of actual value, except for agricultural and horticultural land, which is assessed at 75% of actual value. Agricultural land is assessed at 50% of actual value for school bond tax purposes.
Data sourced from US Census Bureau and MMCG Analytics.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.