How much is a home worth in ZIP code 68123?

The typical home in 68123 is worth $334,458, based on the Zillow Home Value Index.

Are home values rising in 68123?

Home values in 68123 are up 2.5% over the past year, and up 5.1% a year over five years.

What is the typical rent in 68123?

A typical home in 68123 rents for about $1,437 a month, a gross rental yield of 5.2%.

What is the property tax rate in 68123?

The effective property tax rate in 68123 is 1.7% — roughly $5,567 a year on a typical home.

ZIP code 68123 has a population of 33,804 and a median household income of $93,188.

HousingHandbookReference data

…

U.S. ZIP Code · NE68123

Sarpy County · Omaha, NE-IA

Typical home value

$334,458^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.5%
5-year / yr: +5.1%
10-year / yr: +5.9%

Relative price

vs U.S.: +17.7%
vs metro: +10.0%
vs state: +45.0%

Price history

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

The typical home in 68123 is worth $334,458 — 10.0% above the Omaha, NE-IA median. Over the past year, values have risen 2.5%. Homes here rent for a typical $1,437 a month — a 5.2% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent: $1,437^[2]
Gross yield: 5.2%^[2]
Cap rate: 3.1%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $5,567^[3]

#Climate risk

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

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

#Who lives here

Population: 33,804^[3]
Median household income: $93,188^[3]

#Migration

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

Net migration: +823^[5]
Moved in: 8,336
Moved out: 7,513

Schools

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

Public schools: 14
Elementary: 8
Middle: 1
High: 1

BELLEVUE WEST SR HIGH SCHOOL
High · Grades 9–12 · BELLEVUE PUBLIC SCHOOLS
1,558 students
LEWIS & CLARK MIDDLE SCHOOL
Middle · Grades 7–8 · BELLEVUE PUBLIC SCHOOLS
475 students
FAIRVIEW ELEMENTARY SCHOOL
Elementary · Grades PK–6 · BELLEVUE PUBLIC SCHOOLS
460 students
PETER SARPY ELEMENTARY SCHOOL
Elementary · Grades PK–6 · BELLEVUE PUBLIC SCHOOLS
434 students
LEONARD LAWRENCE ELEM SCHOOL
Elementary · Grades PK–6 · BELLEVUE PUBLIC SCHOOLS
362 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 yield5.2%

Net yield (after ~40% expenses)3.1%

Annual rent$17,239

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$1,691

Loan principal$267,567

Down payment$66,892

Total interest paid$341,266

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 ratio1.69

Monthly cost to own$2,433

Monthly rent$1,437

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: 34th percentile^[1]
Rental yield: 34th percentile^[2]
Property tax: 87th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 68123?: The typical home in 68123 is worth $334,458, based on the Zillow Home Value Index.
Are home values rising in 68123?: Home values in 68123 are up 2.5% over the past year, and up 5.1% a year over five years.
What is the typical rent in 68123?: A typical home in 68123 rents for about $1,437 a month, a gross rental yield of 5.2%.
What is the property tax rate in 68123?: The effective property tax rate in 68123 is 1.7% — roughly $5,567 a year on a typical home.
Who lives in 68123?: ZIP code 68123 has a population of 33,804 and a median household income of $93,188.

#Comparable ZIPs

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

68407 vs 68123 →
Murdock, NE
Typical home
$330,025
Gross yield
—
68152 vs 68123 →
Omaha, NE
Typical home
$340,282
Gross yield
—
68017
Ceresco, NE
Typical home
$341,518
Gross yield
—
68124
Omaha, NE
Typical home
$345,854
Gross yield
6.0%
68070
Weston, NE
Typical home
$350,525
Gross yield
—
68008
Blair, NE
Typical home
$352,129
Gross yield
—

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#Jump to section

U.S. ZIP Code · NE68123

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