Real Estate Investing in Papillion, Nebraska (68133)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 68133 (Papillion, NE)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Papillion, NE (68133)?
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Market Analysis: 68133 Papillion
ZIP 68133 in Papillion, NE carries a solid set of headwinds. Home values near $426K and rents of $1,422/mo sit inside a market where underwriting has to be tight.
The 68133 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within NE, ZIP 68133 trails on several market indicators that neighboring Sarpy County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The demographic picture in 68133 includes headwinds that any investor should price in. Income distribution skews lower than Papillion averages, and tenant stability requires active management.
Distressed ZIPs reward experience. solid returns are possible in 68133, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Papillion:
Property Strategy for 68133
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $387,440 | $1,580 | 2.9% | +5.1% | $193,720 |
| 3BR | $372,035 | $2,090 | 4.0% | +5.5% | $124,012 |
| 4BR | $431,128 | $2,360 | 3.9% | +5.6% | $107,782 |
| 5BR | $493,484 | — | — | +5.7% | $98,697 |
Market Trends
Home Value History (with trend line)
📊 How Does 68133 Compare?
| Metric | 68133 | Papillion | Nebraska |
|---|---|---|---|
| Home Value | $425,660 | $420,797 | $269,423 |
| 5-Year CAGR | 4.1% | 4.3% | 6.7% |
| Avg Rent | $1,422 | $1,555 | - |
| Cap Rate | 2.6% | 2.9% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 68133 (Papillion, NE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $425,660 |
| Monthly Rent | $1,422 |
| Price-to-Rent | 24.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 68133
Population: 13,411
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 68133
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,471 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Papillion, NE stack up for property investment?
Papillion, NE rates 3.0/5 for investability. With median values at $426K and rents near $1,422/mo, the market offers reasonable fundamentals for rental investors.
Do landlords face vacancy issues in Papillion, NE?
Vacancy in Papillion, NE is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,422/mo.
How qualified is the tenant pool in Papillion, NE?
Tenant quality in Papillion, NE ranks as solid. Landlords generally report steady occupancy at market rents of $1,422/mo.
Which real estate strategy fits Papillion, NE?
Most investors in Papillion, NE run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the typical rental rate in Papillion, NE?
Rents in Papillion, NE run near $1,422/mo. Compared with median home prices of $426K that produces solid gross yields for typical rentals.
You know 68133 now. You don’t know where it ranks.
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How 68133 ranks in Omaha-Council Bluffs, NE-IA
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