How much is a home worth in ZIP code 68116?

The typical home in 68116 is worth $379,803, based on the Zillow Home Value Index.

Are home values rising in 68116?

Home values in 68116 are up 1.4% over the past year, and up 4.6% a year over five years.

What is the typical rent in 68116?

A typical home in 68116 rents for about $1,756 a month, a gross rental yield of 5.5%.

What is the property tax rate in 68116?

The effective property tax rate in 68116 is 1.8% — roughly $6,655 a year on a typical home.

ZIP code 68116 has a population of 34,501 and a median household income of $121,165.

HousingHandbookReference data

…

U.S. ZIP Code · NE68116

Douglas County · Omaha, NE-IA

Typical home value

$379,803^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.4%
5-year / yr: +4.6%
10-year / yr: +5.5%

Relative price

vs U.S.: +33.7%
vs metro: +24.9%
vs state: +64.6%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 68116 is worth $379,803 — 24.9% above the Omaha, NE-IA median. Over the past year, values have risen 1.4%. Homes here rent for a typical $1,756 a month — a 5.5% gross rental yield. The effective property tax rate is 1.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,756^[2]
Gross yield: 5.5%^[2]
Cap rate: 3.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.8%^[3]
Typical annual tax: $6,655^[3]

#Climate risk

FEMA National Risk Index ratings for Douglas County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Relatively Low
Drought: Relatively Low
Heat wave: Relatively High
Hurricane: No Rating
Tornado: Very High
Earthquake: Very Low
Winter weather: Very High

#Who lives here

Population: 34,501^[3]
Median household income: $121,165^[3]

#Migration

Household moves in and out of Douglas County over a year, from IRS tax-return data.

Net migration: -396^[5]
Moved in: 14,272
Moved out: 14,668

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 5
Middle: 1
High: 1

ELKHORN NORTH HIGH SCHOOL
High · Grades 9–12 · ELKHORN PUBLIC SCHOOLS
1,003 students
STANDING BEAR ELEMENTARY SCHOOL
Elementary · Grades PK–5 · OMAHA PUBLIC SCHOOLS
639 students
ELKHORN GRANDVIEW MIDDLE SCHOOL
Middle · Grades 6–8 · ELKHORN PUBLIC SCHOOLS
514 students
MANCHESTER ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ELKHORN PUBLIC SCHOOLS
493 students
SADDLEBROOK ELEMENTARY SCHOOL
Elementary · Grades PK–5 · OMAHA PUBLIC SCHOOLS
456 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.5%

Net yield (after ~40% expenses)3.3%

Annual rent$21,075

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,920

Loan principal$303,843

Down payment$75,961

Total interest paid$387,535

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.59

Monthly cost to own$2,791

Monthly rent$1,756

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 19th percentile^[1]
Rental yield: 51st percentile^[2]
Property tax: 93rd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

6th for most populous in NEView list →

Frequently asked

How much is a home worth in ZIP code 68116?: The typical home in 68116 is worth $379,803, based on the Zillow Home Value Index.
Are home values rising in 68116?: Home values in 68116 are up 1.4% over the past year, and up 4.6% a year over five years.
What is the typical rent in 68116?: A typical home in 68116 rents for about $1,756 a month, a gross rental yield of 5.5%.
What is the property tax rate in 68116?: The effective property tax rate in 68116 is 1.8% — roughly $6,655 a year on a typical home.
Who lives in 68116?: ZIP code 68116 has a population of 34,501 and a median household income of $121,165.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

68002 vs 68116 →
Arlington, NE
Typical home
$380,556
Gross yield
—
68073 vs 68116 →
Yutan, NE
Typical home
$378,362
Gross yield
—
51576
Underwood, IA
Typical home
$382,474
Gross yield
—
51526
Crescent, IA
Typical home
$383,819
Gross yield
—
68065
Valparaiso, NE
Typical home
$383,967
Gross yield
—
68018
Colon, NE
Typical home
$385,569
Gross yield
—

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#Jump to section

U.S. ZIP Code · NE68116

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