The story of this market
The typical home in ZIP 68123 sells for about $338,000, or $179 per square foot.
Prices are up +3.9% from a year ago, so sellers still have some momentum. Homes take about 33 days to sell. HUD's fair market rent for a two-bedroom is $1,453 a month.
ZIP 68123 — Bellevue
The 68123 housing market is currently balanced, with a median price of $338,000 and a moderate pace of sales. Demand remains steady, supported by the local military presence and suburban appeal, though buyers are increasingly selective. The market is not seeing rapid appreciation, reflecting a stable environment for both buyers and sellers.
This ZIP is well-suited for families and military-affiliated households seeking suburban living with reasonable access to Omaha employment centers and local amenities.
Median prices moved up 3.9% year over year.
Homes spend a median of 33 days on market with 1.1 months of supply — a fast-moving market.
11% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.9% · poverty 5.0% — 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 8.3%/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 8.3%/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 68123, Sarpy County NE
The area is served by Bellevue Public Schools, which generally maintains a stable reputation within the Sarpy County region.
The region is subject to standard Midwestern weather risks, including severe thunderstorms and occasional wind events; flood risk varies by specific parcel location.
Development is driven by proximity to Offutt Air Force Base and ongoing suburban expansion in Sarpy County, with steady demand for residential housing.
Property taxes are assessed by Sarpy County based on market value; the rate includes levies for school districts, municipal services, and county operations.
Residents typically commute via US-75 or I-80 toward downtown Omaha or Offutt Air Force Base, with average commute times reflecting standard suburban traffic patterns.
The area features access to local parks, neighborhood greenbelts, and proximity to the Fontenelle Forest and various shopping centers in Bellevue.
The rental market is characterized by steady demand from military personnel and local workers, with moderate vacancy pressure and consistent rent growth.
The economy is heavily anchored by Offutt Air Force Base, with a mix of government, defense contracting, and regional retail services.
Transportation is primarily auto-dependent, with US-75 serving as the main arterial corridor connecting Bellevue to the Omaha metro area.
Ongoing residential infill and suburban expansion projects continue to shape the landscape of the Bellevue area.
Sarpy County Assessor maintains property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to Bellevue Public Schools, Sarpy County, and various municipal utility and fire protection districts.
Property insurance premiums are influenced by regional exposure to severe weather, including wind and hail risks common to the Great Plains.
Data retrieved from US Census Bureau 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.
- Vala's Pumpkin Patch & Apple Orchard4.313.1 mi
- The Amazing Pizza Machine4.211.9 mi
- Spare Time Omaha4.315.5 mi
- Dave & Buster's Omaha4.113.1 mi
- Prehistoric Putt Omaha4.712.4 mi
- CHI Health Center4.411.5 mi
- Vala's Pumpkin Patch & Apple Orchard4.313.1 mi
- Charles Schwab Field Omaha4.711.8 mi
- Topgolf4.513.4 mi
- Strategic Air Command & Aerospace Museum4.820 mi
- Omaha's Henry Doorly Zoo and Aquarium4.89 mi
- Lauritzen Gardens4.89.6 mi
- Joslyn Art Museum4.711.3 mi
- Bob Kerrey Pedestrian Bridge4.811.7 mi
- Gene Leahy Mall at The RiverFront4.711.2 mi
- Joslyn Art Museum4.711.3 mi
- Strategic Air Command & Aerospace Museum4.820 mi
- Kiewit Luminarium4.711.5 mi
- Omaha Children's Museum4.710.9 mi
- Joslyn Castle & Gardens4.611.4 mi
- Omaha's Henry Doorly Zoo and Aquarium4.89 mi
- Lauritzen Gardens4.89.6 mi
- Bob Kerrey Pedestrian Bridge4.811.7 mi
- Gene Leahy Mall at The RiverFront4.711.2 mi
- Fontenelle Forest4.86 mi
- Tiburon Golf Club & Banquet Facility4.512.7 mi
- 88 Tactical4.611.1 mi
- Eagle Hills Golf Course4.44.9 mi
- Tregaron Golf Course4.10.7 mi
- Tara Hills Golf Course4.47.6 mi
- Hy-Vee Grocery Store4.310.3 mi
- Baker's4.210.8 mi
- T.J. Maxx4.312.2 mi
- Burlington3.812.3 mi
- Shadow Lake Towne Center4.44.8 mi
- Eppley Airfield4.214.4 mi
- Bergan Mercy Hospital4.410.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large nature center and forest area offering extensive hiking trails and educational programs.
A local golf facility serving the Bellevue community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.