How much is a home worth in ZIP code 68131?

The typical home in 68131 is worth $224,106, based on the Zillow Home Value Index.

Are home values rising in 68131?

Home values in 68131 are up 3.8% over the past year, and up 5.0% a year over five years.

What is the typical rent in 68131?

A typical home in 68131 rents for about $1,538 a month, a gross rental yield of 8.2%.

What is the property tax rate in 68131?

The effective property tax rate in 68131 is 1.5% — roughly $3,442 a year on a typical home.

ZIP code 68131 has a population of 14,809 and a median household income of $48,925.

HousingHandbookReference data

…

U.S. ZIP Code · NE68131

Douglas County · Omaha, NE-IA

Typical home value

$224,106^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.8%
5-year / yr: +5.0%
10-year / yr: +7.4%

Relative price

vs U.S.: -21.1%
vs metro: -26.3%
vs state: -2.9%

Price history

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

The typical home in 68131 is worth $224,106 — 26.3% below the Omaha, NE-IA median. Over the past year, values have risen 3.8%. Homes here rent for a typical $1,538 a month — a 8.2% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

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

Monthly rent: $1,538^[2]
Gross yield: 8.2%^[2]
Cap rate: 4.9%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $3,442^[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: 14,809^[3]
Median household income: $48,925^[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: 13
Elementary: 3
Middle: 1
High: 8

WALNUT HILL ELEMENTARY SCHOOL
Elementary · Grades PK–6 · OMAHA PUBLIC SCHOOLS
368 students
GIFFORD PARK ELEMENTARY SCHOOL
Elementary · Grades PK–6 · OMAHA PUBLIC SCHOOLS
360 students
OMAHA PUBLIC SCHOOLS HOMEBASED
Prekindergarten · Grades PK · OMAHA PUBLIC SCHOOLS
7 students
ACCELERE PROGRAM
High · Grades 9–12 · OMAHA PUBLIC SCHOOLS
0 students
BLACKBURN ALTERNATIVE PROGRAM
High · Grades 9–12 · OMAHA PUBLIC SCHOOLS
0 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 yield8.2%

Net yield (after ~40% expenses)4.9%

Annual rent$18,460

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$1,133

Loan principal$179,285

Down payment$44,821

Total interest paid$228,668

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 ratio1.05

Monthly cost to own$1,608

Monthly rent$1,538

Owning and renting are roughly even.

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: 31st percentile^[1]
Rental yield: 80th percentile^[2]
Property tax: 71st percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

8th for highest rental yield in NEView list →

Frequently asked

How much is a home worth in ZIP code 68131?: The typical home in 68131 is worth $224,106, based on the Zillow Home Value Index.
Are home values rising in 68131?: Home values in 68131 are up 3.8% over the past year, and up 5.0% a year over five years.
What is the typical rent in 68131?: A typical home in 68131 rents for about $1,538 a month, a gross rental yield of 8.2%.
What is the property tax rate in 68131?: The effective property tax rate in 68131 is 1.5% — roughly $3,442 a year on a typical home.
Who lives in 68131?: ZIP code 68131 has a population of 14,809 and a median household income of $48,925.

#Comparable ZIPs

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

51560 vs 68131 →
Oakland, IA
Typical home
$223,724
Gross yield
—
68117 vs 68131 →
Omaha, NE
Typical home
$220,906
Gross yield
9.2%
68105
Omaha, NE
Typical home
$228,845
Gross yield
6.7%
51557
Mondamin, IA
Typical home
$230,813
Gross yield
—
51561
Pacific Junction, IA
Typical home
$231,774
Gross yield
—
51555
Missouri Valley, IA
Typical home
$232,226
Gross yield
—

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#Jump to section

U.S. ZIP Code · NE68131

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