The story of this market
The typical home in ZIP 68118 sells for about $610,000, or $255 per square foot.
Prices are down 6.6% from a year ago, which gives buyers more room to negotiate. Homes take about 33 days to sell. HUD's fair market rent for a two-bedroom is $1,754 a month.
ZIP 68118 — Omaha
The 68118 housing market remains stable with high median home values and strong demand for family-oriented properties. While year-over-year prices have seen a slight correction, the market continues to favor sellers due to limited inventory and fast sales cycles. Figures for specific metrics like months of supply and sale-to-list ratios are based on current market activity in the Omaha metro area as applied to this ZIP.
This ZIP is ideal for affluent families and professionals seeking high-quality housing, top-tier schools, and a suburban lifestyle with easy access to Omaha's major employment centers.
Median prices moved down 6.6% year over year.
Homes spend a median of 33 days on market with 3.2 months of supply — a fast-moving market.
22% 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 1.4% · poverty 1.5% — 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 5.2%/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 2.9%/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 68118, Douglas County NE
The area is served by highly-rated public schools within the Omaha metropolitan system, generally characterized by strong academic performance and community support.
The region is subject to standard Midwestern weather risks, including severe thunderstorms and occasional wind events; flood risk is generally low in this specific upland ZIP.
The area benefits from proximity to major Omaha employment hubs and ongoing suburban development, with steady demand for high-end residential housing.
Property taxes are assessed by Douglas County based on market value; the effective rate is approximately 1.7%, reflecting local school district and municipal levies.
Residents typically rely on personal vehicles for commutes, with convenient access to major arterial roads and highways leading to downtown Omaha and the West Omaha business corridors.
The area features access to local parks, greenbelts, and proximity to major shopping and dining districts in West Omaha, including upscale retail centers.
The rental market is characterized by high demand for single-family homes and luxury apartments, with limited vacancy pressure and steady rent growth.
The local economy is anchored by Omaha's diverse mix of finance, insurance, healthcare, and technology sectors, with significant employment presence in the nearby business parks.
Ongoing residential infill and commercial development projects are active in the surrounding West Omaha area.
Parcels are subject to standard municipal and county tax levies, including school district and community college assessments.
Property insurance premiums are influenced by regional exposure to severe weather, including hail and wind risks common in the Great Plains.
Data retrieved from data.census.gov ZCTA 68118 profile.
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 Orchard4.39.3 mi
- The Amazing Pizza Machine4.24.5 mi
- Spare Time Omaha4.31.9 mi
- Dave & Buster's Omaha4.12.9 mi
- Prehistoric Putt Omaha4.73.9 mi
- CHI Health Center4.412.5 mi
- Vala's Pumpkin Patch & Apple Orchard4.39.3 mi
- Charles Schwab Field Omaha4.712.3 mi
- Strategic Air Command & Aerospace Museum4.818.6 mi
- Topgolf4.54.9 mi
- Omaha's Henry Doorly Zoo and Aquarium4.812.8 mi
- Vala's Pumpkin Patch & Apple Orchard4.39.3 mi
- Village Pointe4.50.7 mi
- Joslyn Art Museum4.711.6 mi
- Bob Kerrey Pedestrian Bridge4.812.8 mi
- Joslyn Art Museum4.711.6 mi
- Strategic Air Command & Aerospace Museum4.818.6 mi
- Kiewit Luminarium4.712.7 mi
- Omaha Children's Museum4.711.7 mi
- Joslyn Castle & Gardens4.610.2 mi
- Omaha's Henry Doorly Zoo and Aquarium4.812.8 mi
- Bob Kerrey Pedestrian Bridge4.812.8 mi
- Gene Leahy Mall at The RiverFront4.712.3 mi
- Chalco Hills Recreation Area4.76.3 mi
- Heartland of America Park at The RiverFront4.612.7 mi
- Topgolf4.54.9 mi
- Tiburon Golf Club & Banquet Facility4.57.3 mi
- 88 Tactical4.68 mi
- Miracle Hill3.83.7 mi
- Indian Creek Golf Course4.63.9 mi
- Westroads Mall4.35.2 mi
- Nebraska Crossing4.512 mi
- Village Pointe4.50.7 mi
- Oak View Mall42.8 mi
- Eppley Airfield4.214.5 mi
- Bergan Mercy Hospital4.47.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional shopping and dining destination.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.