Papillion, NE housing market
Typical home value
$413K
▲ 2.6% 1 yr
Typical rent
$1,659/mo
▲ 0.1% 1 yr
Gross rent yield
4.8%
U.S. 6.3%
5-year home value change
+21%
U.S. +20%
Key takeaways
- 1The typical home in Papillion is worth $412,736, up 2.6% over the past year and up 21% over five years.
- 2Typical rent is $1,659 a month (+0.1% YoY), a gross rent yield of 4.8% (below the Omaha, NE metro's 5.5%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,268/mo, $609 more than typical rent.
- 4Zillow forecasts the Omaha, NE metro's home values to change +2.8% over the next 12 months.
Market temperature (Omaha, NE metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 38/100, #315 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Papillion compares
| Measure | Papillion | Omaha, NE metro | United States |
|---|---|---|---|
| Typical home value | $412,736 | $306,318 | $366,157 |
| Home value, 1-yr change | +2.6% | +2.7% | +1.2% |
| Typical rent | $1,659 | $1,398 | $1,932 |
| Rent, 1-yr change | +0.1% | +1.7% | +2.7% |
| Gross rent yield | 4.8% | 5.5% | 6.3% |
| Price-to-rent ratio | 20.7 | 18.3 | 15.8 |
| Mortgage P&I, typical home | $2,268 | $1,683 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Papillion rental, pre-filled.
Rent vs buy in Papillion
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $413K home.
Other cities in the Omaha, NE metro
Omaha, NE
$295K home$1,389 rent
▲ 2.3% 1 yr
Council Bluffs, IA
$228K home$1,335 rent
▲ 2.6% 1 yr
Bellevue, NE
$299K home$1,401 rent
▲ 3.3% 1 yr
La Vista, NE
$308K home$1,378 rent
▲ 3.3% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.