Papillion, Nebraska Housing Market Prices
Papillion Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 95% below the Nebraska median$7,918
-
Median rent 25% above the Nebraska median$1,338
Housing Market Overview
| Metric | Papillion | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $7,918 | $175,282 | $248,835 |
| Price Trend (Annual %) | 2.8% | 7.7% | 7.5% |
| Median Gross Rent | $1,338 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Papillion is about 95% lower than in Nebraska. Rent is about 25% higher than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Papillion, up about 2.8% and 5.8% a year respectively. Rent is changing faster.
Median rent in Papillion rose about 67.0% between 2015 and 2024, from $801 to $1,338. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 0.1 yearly household incomes in Papillion.
Buying the median-priced home in Papillion costs roughly 0.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Papillion. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Papillion | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $7,918 | $175,282 | $248,835 |
| Median Household Income | $115,449 | $76,615 | $80,455 |
| Price-to-Income Ratio | 0.1 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Papillion fell about 95.6%, while median household income rose about 39.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Papillion | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.2% | 61.5% | 58.5% |
| Rental Rate | 25.0% | 30.9% | 31.2% |
| Vacancy Rate | 2.9% | 7.6% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Papillion has a homeownership rate of 72.2%, higher than the Nebraska average of 61.5%. Its housing vacancy rate is 2.9%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Papillion | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1991 | 1974 | 1978 |
| Median Number of Rooms | 7.2 | 6.1 | 5.5 |
The typical housing unit in Papillion was built around 1991. On average, 2.6 people live in a home with about 7.2 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Papillion, Nebraska.
What is the median home price in Papillion, Nebraska?
The median home price in Papillion, Nebraska is $7,918, lower than the Nebraska average of $175,282.
What is the average home price in Papillion, Nebraska?
The typical home price in Papillion, Nebraska, reported as the median sale price, is $7,918. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Papillion, Nebraska?
The median gross rent in Papillion, Nebraska is $1,338 per month, higher than the Nebraska average of $1,071.
What was the median gross rent in Papillion in 2020?
In 2020, the median gross rent in Papillion, Nebraska was $991 per month.
What is the price-to-rent ratio in Papillion, Nebraska?
The price-to-rent ratio in Papillion, Nebraska is about 0.5, meaning it would take roughly 0.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Papillion.
Are home prices or rent rising faster in Papillion, Nebraska?
Both home prices and rent are rising in Papillion, up about 2.8% and 5.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Papillion, Nebraska?
72.2% of households in Papillion, Nebraska own their home, higher than the Nebraska average of 61.5%.
What is the vacancy rate in Papillion, Nebraska?
The housing vacancy rate in Papillion, Nebraska is 2.9%, lower than the Nebraska average of 7.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →