The story of this market
The typical home in ZIP 68116 sells for about $383,320, or $178 per square foot.
Prices are up +2.2% 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 $1,522 a month.
ZIP 68116 — Omaha
The housing market in 68116 remains stable with steady price appreciation and high demand for family-oriented housing. Low inventory levels continue to support a seller-friendly environment, though rising interest rates have tempered the pace of sales compared to previous years. Figures for specific metrics like price cuts and months of supply are based on current market snapshots.
This ZIP is ideal for family buyers and professionals who prioritize high-quality school districts, suburban space, and a quiet residential environment within reach of Omaha's core.
Median prices moved up 2.2% year over year.
Homes spend a median of 33 days on market with 3.2 months of supply — a fast-moving market.
18% 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 1.6% · poverty 3.1% — 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 5.1%/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 4.7%/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 68116, Douglas County NE
The area generally reports lower crime rates compared to the Omaha city average, with property crime being the primary concern in suburban residential pockets.
Schools serving this ZIP are highly regarded, primarily falling under the Elkhorn Public Schools district, which is consistently ranked among the top in Nebraska.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional hail, with flood risk being minimal in most residential developments.
Economic momentum is driven by proximity to major Omaha employment hubs and ongoing residential expansion in the northwest corridor of the metro area.
Property taxes are assessed by Douglas County based on market value, with rates influenced by local school district levies and municipal service requirements.
Residents primarily commute by car to downtown Omaha or the West Dodge corridor, with typical drive times ranging from 20 to 30 minutes depending on traffic.
The area features several community parks, proximity to the Elkhorn River greenbelts, and easy access to suburban shopping centers and golf courses.
The rental market is characterized by moderate vacancy pressure and steady demand from families and young professionals seeking suburban amenities.
The economy is anchored by the broader Omaha metro industries, including finance, insurance, healthcare, and technology, with significant employment hubs located along the West Dodge corridor.
Transportation is heavily reliant on private vehicles, with major access provided by West Dodge Road and the I-680 loop.
Development is focused on the build-out of remaining residential parcels and the expansion of commercial services to support the growing population.
The Douglas County Assessor maintains property valuations based on annual market analysis and physical inspections.
Parcels are subject to various special districts, including school districts, fire protection, and municipal utility districts.
Property insurance premiums are influenced by regional exposure to severe weather events, including wind and hail, which are common in the Omaha area.
Data retrieved from US Census Bureau ZCTA profiles.
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 Orchard4.312.4 mi
- The Amazing Pizza Machine4.27.4 mi
- Spare Time Omaha4.35 mi
- Dave & Buster's Omaha4.15.3 mi
- Prehistoric Putt Omaha4.75.8 mi
- CHI Health Center4.412.6 mi
- Vala's Pumpkin Patch & Apple Orchard4.312.4 mi
- Charles Schwab Field Omaha4.712.3 mi
- Topgolf4.55.3 mi
- Orpheum Theater4.712.3 mi
- Vala's Pumpkin Patch & Apple Orchard4.312.4 mi
- Village Pointe4.53.3 mi
- Joslyn Art Museum4.711.8 mi
- Bob Kerrey Pedestrian Bridge4.812.8 mi
- Gene Leahy Mall at The RiverFront4.712.5 mi
- Joslyn Art Museum4.711.8 mi
- Kiewit Luminarium4.712.8 mi
- Omaha Children's Museum4.712 mi
- Joslyn Castle & Gardens4.610.4 mi
- The Durham Museum4.812.7 mi
- Bob Kerrey Pedestrian Bridge4.812.8 mi
- Gene Leahy Mall at The RiverFront4.712.5 mi
- Chalco Hills Recreation Area4.79.4 mi
- Heartland of America Park at The RiverFront4.612.9 mi
- Two Rivers State Recreation Area4.411.6 mi
- The Cottonwood Cove Marina & RV Resort4.519.8 mi
- Topgolf4.55.3 mi
- Tiburon Golf Club & Banquet Facility4.510.4 mi
- 88 Tactical4.611.1 mi
- Miracle Hill3.84.1 mi
- Indian Creek Golf Course4.63.5 mi
- Westroads Mall4.35.7 mi
- Village Pointe4.53.3 mi
- Oak View Mall45.5 mi
- Eppley Airfield4.214 mi
- Bergan Mercy Hospital4.48.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Popular for fishing, boating, and walking trails.
Public 18-hole course serving the local community.
Major open-air retail and dining destination nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.