The story of this market
The typical home in ZIP 68138 sells for about $298,000, or $195 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,242 a month.
ZIP 68138 — Omaha
The 68138 housing market shows steady demand and moderate price appreciation, supported by its suburban appeal and proximity to major employment hubs. While inventory remains tight, the market is balanced, with buyers and sellers finding common ground at current price points. The area remains a stable choice for families and long-term residents.
This ZIP is well-suited for family buyers and commuters seeking suburban living with proximity to major employment centers and outdoor recreation, while offering a more accessible price point than central Omaha.
Median prices moved up 2.4% year over year.
Homes spend a median of 32 days on market with 2.1 months of supply — a fast-moving market.
12% 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 1.2% · poverty 5.4% — 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 6.8%/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 68138, Sarpy County NE
Crime rates in the 68138 area are generally considered stable and consistent with suburban Omaha averages, though specific neighborhood-level incidents are reported periodically.
Schools serving the 68138 area are primarily part of the Millard and Papillion-La Vista school districts, which are generally regarded as providing quality educational outcomes for the region.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional high winds; flood risk is localized to specific drainage basins near the Chalco Hills area.
Economic momentum is driven by proximity to the Omaha employment core and ongoing residential development in the Sarpy County corridor, supported by regional infrastructure improvements.
Property taxes in this jurisdiction are assessed by Sarpy County, with rates reflecting local school district levies and municipal services; the effective rate is approximately 1.6%.
Residents typically commute via I-80 or Highway 370 to reach major employment hubs in downtown Omaha or the suburban business parks of La Vista and Papillion.
The area features significant access to outdoor amenities, most notably the Chalco Hills Recreation Area and Wehrspann Lake, which provide extensive trails and fishing opportunities.
The rental market is characterized by moderate vacancy pressure and consistent demand from families and commuters, with a mix of single-family rentals and apartment complexes.
The local economy is anchored by the broader Omaha-Council Bluffs metropolitan area, with significant employment in healthcare, finance, and logistics sectors.
Transportation is primarily automobile-dependent, with access to I-80 and Highway 370 serving as the primary corridors for regional connectivity.
Development is focused on residential expansion and commercial infill along the Highway 370 corridor, bordering the southern edge of the ZIP.
Sarpy County Assessor maintains property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to various special districts, including school districts (Millard/Papillion-La Vista), fire protection districts, and regional flood control authorities.
Property insurance premiums are influenced by regional exposure to severe weather events, including hail and wind, consistent with the broader Nebraska market.
Nebraska continues to see modest net domestic migration gains, driven by the Omaha metro area's relative affordability and job market stability.
Nebraska is primarily a non-judicial foreclosure state, with specific notice and cure periods defined by state statute.
Sellers are required to provide a written disclosure statement regarding the condition of the property, including known defects, at the time of sale.
Data retrieved from 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 Orchard4.34 mi
- The Amazing Pizza Machine4.22.4 mi
- Spare Time Omaha4.35.2 mi
- Dave & Buster's Omaha4.14.9 mi
- Prehistoric Putt Omaha4.75.2 mi
- CHI Health Center4.412.9 mi
- Vala's Pumpkin Patch & Apple Orchard4.34 mi
- Charles Schwab Field Omaha4.712.9 mi
- Strategic Air Command & Aerospace Museum4.813.9 mi
- Topgolf4.57.7 mi
- Omaha's Henry Doorly Zoo and Aquarium4.811.9 mi
- Vala's Pumpkin Patch & Apple Orchard4.34 mi
- Village Pointe4.56.8 mi
- Joslyn Art Museum4.712.1 mi
- Lauritzen Gardens4.812.6 mi
- Strategic Air Command & Aerospace Museum4.813.9 mi
- Joslyn Art Museum4.712.1 mi
- Kiewit Luminarium4.713.1 mi
- Omaha Children's Museum4.712 mi
- Joslyn Castle & Gardens4.611 mi
- Omaha's Henry Doorly Zoo and Aquarium4.811.9 mi
- Lauritzen Gardens4.812.6 mi
- Gene Leahy Mall at The RiverFront4.712.6 mi
- Platte River State Park4.712.9 mi
- Chalco Hills Recreation Area4.70.7 mi
- Topgolf4.57.7 mi
- Tiburon Golf Club & Banquet Facility4.52.2 mi
- 88 Tactical4.61.6 mi
- Miracle Hill3.87.5 mi
- Indian Creek Golf Course4.69.9 mi
- Nebraska Crossing4.57.4 mi
- Westroads Mall4.37.8 mi
- Village Pointe4.56.8 mi
- Oak View Mall44.3 mi
- Eppley Airfield4.215.8 mi
- Bergan Mercy Hospital4.47.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional park featuring Wehrspann Lake, extensive hiking/biking trails, and picnic areas.
A large open-air shopping and dining district located nearby in Papillion.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.