The story of this market
The typical home in ZIP 68131 sells for about $224,000, or $158 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,141 a month.
ZIP 68131 — Omaha
The 68131 housing market is characterized by high rental demand and a significant renter population, with home prices showing modest year-over-year growth. The market is driven by its central location near major medical and educational institutions, though high vacancy rates and poverty levels present challenges for investors. Current data indicates a stable but competitive environment for entry-level buyers and renters.
This ZIP is well-suited for young professionals, students, and urban-dwelling renters who prioritize proximity to the city center and medical district over traditional suburban family housing.
Median prices moved up 2.1% year over year.
Homes spend a median of 28 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 5.9% · poverty 31.7% — a mixed stability 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 5.0%/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 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 68131, Douglas County NE
Crime rates in the 68131 area are higher than the national average, reflecting its urban density and central location within Omaha.
Schools serving the area are part of the Omaha Public Schools district, which faces challenges typical of urban districts, with varying performance metrics across individual campuses.
The area is primarily an urban environment with standard risks for wind and storm damage; it is not located in a high-risk wildfire zone.
Development momentum is driven by urban infill and proximity to the University of Nebraska Medical Center and Midtown Omaha, which serve as major economic anchors.
Property taxes are assessed by Douglas County, with rates reflecting local school district and municipal levies; the effective rate is approximately 1.6%.
Residents benefit from a central location with short commute times to downtown Omaha and major employment hubs, averaging under 20 minutes.
The area features proximity to Blackstone District, Elmwood Park, and various local dining and entertainment venues within a 3-mile radius.
The rental market is deep with a high renter share, though vacancy pressure remains elevated compared to suburban Omaha markets.
The economy is anchored by the University of Nebraska Medical Center and the surrounding healthcare and education sectors in Midtown Omaha.
The area is served by Omaha Metro transit lines and provides easy access to major arterial roads like Dodge Street.
Development is focused on high-density residential and mixed-use projects to support the growing workforce in the medical district.
Douglas County utilizes a mass appraisal system to determine property values for tax purposes, updated annually.
Parcels are subject to Omaha Public Schools district taxes and various municipal utility service districts.
Property insurance premiums are influenced by regional weather patterns, including severe storm and hail risk common in Nebraska.
Data retrieved from Census Reporter and ACS 2024 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 Orchard4.315.4 mi
- The Amazing Pizza Machine4.29.8 mi
- Spare Time Omaha4.311.6 mi
- Dave & Buster's Omaha4.18.4 mi
- Prehistoric Putt Omaha4.77.4 mi
- CHI Health Center4.41.9 mi
- Vala's Pumpkin Patch & Apple Orchard4.315.4 mi
- Charles Schwab Field Omaha4.71.7 mi
- Topgolf4.55.7 mi
- Orpheum Theater4.71.6 mi
- Omaha's Henry Doorly Zoo and Aquarium4.83.3 mi
- Village Pointe4.511.3 mi
- Bob Kerrey Pedestrian Bridge4.82.2 mi
- Lauritzen Gardens4.83.3 mi
- Joslyn Art Museum4.71 mi
- Joslyn Art Museum4.71 mi
- Kiewit Luminarium4.72.1 mi
- Omaha Children's Museum4.71.3 mi
- Joslyn Castle & Gardens4.60.4 mi
- The Durham Museum4.82.1 mi
- Omaha's Henry Doorly Zoo and Aquarium4.83.3 mi
- Bob Kerrey Pedestrian Bridge4.82.2 mi
- Lauritzen Gardens4.83.3 mi
- Gene Leahy Mall at The RiverFront4.71.8 mi
- Fontenelle Forest4.86.3 mi
- Topgolf4.55.7 mi
- Miracle Hill3.87 mi
- 88 Tactical4.612.8 mi
- Stone Creek Golf Course4.110.9 mi
- The Players Club4.68.3 mi
- Westroads Mall4.35.4 mi
- Village Pointe4.511.3 mi
- Oak View Mall49.2 mi
- Eppley Airfield4.24.5 mi
- Bergan Mercy Hospital4.43.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A historic and vibrant district with numerous restaurants and bars.
A large public park featuring trails, a golf course, and green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.