HousingHandbookReference data

U.S. ZIP Code · NE68138

Sarpy County · Omaha, NE-IA

Typical home value

$295,003[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.6%
5-year / yr
+5.7%
10-year / yr
+7.0%

Relative price

vs U.S.
+3.8%
vs metro
-3.0%
vs state
+27.9%
ZIP 68138 location in NE
Location of ZIP 68138 in NE

Price history

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

The typical home in 68138 is worth $295,003 — 3.0% below the Omaha, NE-IA median. Over the past year, values have risen 2.6%. Homes here rent for a typical $1,420 a month — a 5.8% 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
$1,420[2]
Gross yield
5.8%[2]
Cap rate
3.5%[2]

#Property tax

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

Effective tax rate
1.7%[3]
Typical annual tax
$4,986[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
11,713[3]
Median household income
$86,007[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
1
Elementary
1
Middle
0
High
0
  • WESTMONT ELEMENTARY SCHOOL

    Elementary · Grades PK–6 · SPRINGFIELD PLATTEVIEW COMMUNITY SCHOOLS

    272 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.

Gross yield5.8%
Net yield (after ~40% expenses)3.5%
Annual rent$17,040

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.

Monthly payment$1,492
Loan principal$236,002
Down payment$59,001
Total interest paid$301,008

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.

Own : rent ratio1.52
Monthly cost to own$2,153
Monthly rent$1,420

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
61st percentile[1]
Rental yield
57th percentile[2]
Property tax
90th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 68138?
The typical home in 68138 is worth $295,003, based on the Zillow Home Value Index.
Are home values rising in 68138?
Home values in 68138 are up 2.6% over the past year, and up 5.7% a year over five years.
What is the typical rent in 68138?
A typical home in 68138 rents for about $1,420 a month, a gross rental yield of 5.8%.
What is the property tax rate in 68138?
The effective property tax rate in 68138 is 1.7% — roughly $4,986 a year on a typical home.
Who lives in 68138?
ZIP code 68138 has a population of 11,713 and a median household income of $86,007.

#Comparable ZIPs

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

  • Omaha, NE

    Typical home
    $294,265
    Gross yield
    5.6%
  • Murray, NE

    Typical home
    $293,628
    Gross yield
  • Bellevue, NE

    Typical home
    $297,097
    Gross yield
  • Wahoo, NE

    Typical home
    $289,384
    Gross yield
  • Silver City, IA

    Typical home
    $302,465
    Gross yield
  • Omaha, NE

    Typical home
    $286,546
    Gross yield
    6.9%

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