The story of this market
The typical home in ZIP 68046 sells for about $416,000, or $165 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 80 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,298 a month.
ZIP 68046 — Papillion
The 68046 housing market is characterized by steady demand and high owner-occupancy rates, though it faces challenges with rising inventory and longer days on market compared to previous years. While price growth remains positive, the market is shifting toward a more balanced environment for buyers. The area's strong school districts and family-centric appeal continue to drive long-term interest despite current economic headwinds.
This ZIP is well-suited for family buyers seeking suburban amenities and quality schools, as well as commuters looking for a balance between space and access to the Omaha metro area.
Median prices moved up 2.4% year over year.
Homes spend a median of 80 days on market with 9.9 months of supply — a slower-moving market.
10% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.3% · poverty 5.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 68046, Sarpy County NE
Crime trends in the area are generally stable, with the region maintaining a lower crime rate compared to the broader Omaha metropolitan average.
The area is served by highly-rated public school districts, which are frequently cited as a primary driver for family-oriented residential demand.
The region faces standard Midwestern climate risks, including potential for severe thunderstorms and wind events, with insurance premiums reflecting these regional hazard profiles.
Economic momentum is supported by proximity to the Omaha employment core and ongoing suburban expansion, with steady demand for residential development.
Property taxes are assessed at the county level, with rates reflecting local school district and municipal levies; no specific ZIP-level exemptions are published.
Residents typically face a 20-30 minute drive to downtown Omaha, with access primarily via major highway corridors.
The area features numerous community parks, walking trails, and proximity to regional golf courses and shopping centers within a 3-mile radius.
The rental market shows moderate vacancy pressure with a mix of single-family and multi-family inventory; rent growth has stabilized following recent inflationary periods.
The local economy is anchored by a mix of retail, healthcare, and professional services, with significant employment ties to the broader Omaha metropolitan area.
Transportation is primarily auto-dependent, with well-maintained highway access to the Omaha metro core.
Development pipeline focuses on mixed-use retail expansion and residential infill projects.
Sarpy County utilizes a mass appraisal system for annual property tax assessments based on market value.
Parcels are subject to various special districts including school, fire, and sanitary improvement districts (SIDs).
Property insurance premiums are influenced by regional severe weather risks, including wind and hail exposure.
Data retrieved from data.census.gov ZCTA-level tables.
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.
Major community park with sports facilities and trails.
Primary retail and dining hub for the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.