New Listing
35
$299,900
731 S Jackson St
Papillion, NE 68046
5 bd3 ba1,840 sqft$163/ft²
House16,335 sqft lot
Jason Birnstihl · BHHS Ambassador Real Estate
View photos & details
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Compass Real Estate · Papillion, NE
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Papillion, NE Housing Market
Strong seller's market+1.0% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Papillion, NE is worth $411,607, rose 1.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $354,789, +0.8% year over year (through May 2026). With 0.7 months of supply and homes going under contract in about 13 days, Papillion is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $411,607 home is about $2,197/mo in principal and interest.
Key numbers for Papillion, NE
Typical home value
$411,607
+1.0% in 12 months
Zillow, August 2026
Typical asking rent
$1,704/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$354,789
+0.8% year over year
Redfin, through May 2026
Days on market
13
Fast-moving
Redfin, through May 2026
Active listings
15
0.7 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$109,602
Home costs 3.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
102.5%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Papillion a buyer's or seller's market?
Strong seller's market0.7 months of supply13 days on market102.5% of asking
Papillion, NE is a strong seller's market, based on 0.7 months of supply and homes selling in about 13 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Papillion housing market data show?
Every row below is Redfin's final published month for Papillion, NE. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $354,789 |
| Median list price | $355,000 |
| Year-over-year price change | +0.8% |
| Median price per sq ft | $163/sq ft |
| Median days on market | 13 days |
| Active inventory | 15 listings |
| Months of supply | 0.7 months |
| Sale-to-list price ratio | 102.5% |
| Homes sold (that month) | 22 |
| New listings (that month) | 31 |
| Listings with a price cut | 33.3% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Papillion is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Papillion is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Papillion home prices moved?
Over the last three years the median sale price in Papillion, NE rose 2.8%, from $345,000 to $354,789. The live Zillow value series has rose 1.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. 33.3% of Papillion listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 0.7 months while the sale-to-list ratio slips below its current 102.5%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Papillion?
Priced off the typical home value of $411,607 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $82,321 | $329,286 | $2,197/mo |
| 5% | $20,580 | $391,027 | $2,609/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,197, that implies roughly $94,174 a year before you add taxes and insurance. The median household in Papillion earns $109,602, about $15,428 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.8x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Papillion in the next 12 months?
Tell us your timeline. We send the Papillion market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Papillion?
Typical asking rent in Papillion, NE is $1,704/mo, against a typical home value of $411,607. That is a price-to-rent ratio of 20.1x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,197 a month — $494 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Papillion?
Active listings in Papillion, NE went from 30 in May 2025 to 15 in May 2026, a -50.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 31 | 30 |
| July 2025 | 35 | 37 |
| August 2025 | 38 | 28 |
| September 2025 | 39 | 23 |
| October 2025 | 36 | 25 |
| November 2025 | 27 | 20 |
| December 2025 | 20 | 8 |
| January 2026 | 17 | 11 |
| February 2026 | 13 | 18 |
| March 2026 | 15 | 21 |
| April 2026 | 15 | 30 |
| May 2026 | 15 | 31 |
Redfin, through May 2026
How does Papillion compare to Nebraska and the U.S.?
Papillion homes sell for $354,789 — 11% above the Nebraska median of $319,100. Against the national median of $410,700, Papillion runs 14% lower. Year-over-year, Papillion moved +0.8% against Nebraska's +2.8% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Papillion, NE | $354,789 | +0.8% | 13 days |
| Nebraska statewide | $319,100 | +2.8% | 27 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Papillion
What buyers should watch
- Months of supply, currently 0.7. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $412 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $411,607 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Papillion listing goes under contract in 13 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 102.5% of asking. Price at the number you want and let competition do the rest.
- In the last published month Papillion added 31 new listings against 22 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +1.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Papillion varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Papillion
There are currently 15 homes listed for sale in Papillion, Nebraska. The median listing price is $355K. Featured listings range from $299,900 to $760,000.
New Listing
$350,000
602 Castle Pine Dr
Papillion, NE 68133
3 bd2 ba1,539 sqft$227/ft²
House10,759 sqft lot
Ashley Cerveny · Toast Real Estate
View photos & details
New Build
$381,230
6856 Portage Dr
Papillion, NE 68133
3 bd3 ba1,802 sqft$212/ft²
House10,237 sqft lot
Kyle Anderson · Liberty Core Real Estate
View photos & details
New Build
23
$396,990
6444 Schilling Dr
Papillion, NE 68133
4 bd3 ba2,190 sqft$181/ft²
House
View photos & details
New Build
26
$409,990
13009 S 67th St
Papillion, NE 68133
4 bd3 ba2,511 sqft$163/ft²
House
View photos & details
New Build
23
$452,880
11260 Portage Dr
Papillion, NE 68046
3 bd3 ba2,541 sqft$178/ft²
House6,490 sqft lot
Doyle Ollis · Nebraska Realty
View photos & details
New Build
35
$457,875
11302 Portage Cir
Papillion, NE 68046
3 bd3 ba2,554 sqft$179/ft²
House6,490 sqft lot
Doyle Ollis · Nebraska Realty
View photos & details
New Listing
40
$525,000
2004 Longview St
Papillion, NE 68133
4 bd5 ba4,041 sqft$130/ft²
House14,810 sqft lot
Mark Gorup · Better Homes and Gardens R.E.
View photos & details
New Listing
51
$540,000
12614 S 82nd St
Papillion, NE 68046
5 bd4 ba3,601 sqft$150/ft²
House11,326 sqft lot
Erik Hoffman · Nebraska Realty
View photos & details
New Build
$543,000
13612 S 51st Cir
Papillion, NE 68133
5 bd3 ba3,028 sqft$179/ft²
House12,110 sqft lot
Doyle Ollis · Nebraska Realty
View photos & details
New Listing
45
$645,000
12411 Osprey Ln
Papillion, NE 68046
5 bd4 ba3,875 sqft$166/ft²
House10,193 sqft lot
Michelle Gustafson · BHHS Ambassador Real Estate
View photos & details
New Listing
71
$760,000
4802 Lakeside Cir
Papillion, NE 68133
4 bd5 ba4,763 sqft$160/ft²
House16,553 sqft lot
Kit Pflaum · BHHS Ambassador Real Estate
View photos & details
Looking to buy in Papillion?
Get connected with a local real estate expert — free, no obligation.
Active listings
15
Homes on market
Median list price
$355K
Avg. days on market
13
Days until sale
New this week
31
Newly listed
Price drops:33.3%of listings
Sale-to-list:102.5%
How much do homes cost in Papillion by property type?
How the Papillion, NE market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $354,789 | $163/sq ft | 22 | 13 days |
| Townhouse | $294,898 | $165/sq ft | 2 | 86 days |
Who lives in Papillion?
American Community Survey estimates for Papillion. U.S. Census ACS, 2023
Population
24,063
Households
9,247
Median income
$109,602/yr
Median age
40.6 years
Owner-occupied
71.2%
Median home value
$290,900
Median gross rent
$1,210/mo
Mean commute
21.5 min
71.2% of occupied homes in Papillion are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $290,900 against Zillow's $411,607 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,210/mo, below Zillow's $1,704/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Papillion?
17 schools tracked · 9,218 students
The largest public schools serving Papillion, NE by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PAPILLION LA VISTA SOUTH HS
Grades 9-12 · 1,982 students
PAPILLION LA VISTA SENIOR HIGH
Grades 9-12 · 1,873 students
PAPILLION MIDDLE SCHOOL
Grades 7-8 · 621 students
LIBERTY MIDDLE SCHOOL
Grades 7-8 · 541 students
PRAIRIE QUEEN ELEMENTARY
Grades PK-6 · 533 students
BELL ELEMENTARY
Grades PK-6 · 479 students
WALNUT CREEK ELEMENTARY
Grades PK-6 · 419 students
TARA HEIGHTS ELEMENTARY SCHOOL
Grades PK-6 · 404 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Papillion, NE?
Ordered by distance from Papillion, not by size. Compare Papillion side by side with any of them.
Which ZIP codes are in Papillion?
These are the ZIP codes we see on active Papillion listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Papillion housing market FAQ
Is Papillion a buyer's or seller's market?
Papillion, NE is currently a strong seller's market. That read comes from 0.7 months of supply, homes going under contract in about 13 days, and sellers getting 102.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Papillion?
The typical home in Papillion, NE is worth $411,607 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $354,789, about $163 per square foot.
Is Papillion cheaper than the rest of Nebraska?
Papillion's median sale price of $354,789 is 11% higher than the Nebraska statewide median of $319,100, and 14% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Papillion?
Homes in Papillion, NE spent a median of 13 days on market before going under contract, versus 27 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Papillion?
At the current 30-year fixed rate of 7.03%, 20% down on a $411,607 home is about $2,197 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $94,174 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $109,602.
Are home prices rising in Papillion?
The typical home value in Papillion, NE rose 1.0% over the last 12 months, from $407,390 to $411,607 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Papillion?
Papillion ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Papillion?
That depends on your timeline, not on a headline. What the data says today: Papillion, NE is a strong seller's market with 0.7 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 20.1x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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