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Zip Code 68128 in 2025: Zip Code with the lowest average housing prices in Papillion, Nebraska
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Top Regions
DATA
Average Home Prices
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Top Regions
Average Home Prices
Zip code 68128, located in Papillion, Nebraska, has gained distinction for having the lowest average housing prices in the area. This analysis examines the trends and factors contributing to this status based on data up to the year 2025. Additionally, we will explore the zip code with the most significant decrease in housing prices over the past decade and the one with the most stable housing prices during the same period.
In 2025, the average home price in zip code 68128 is projected to be $291,640. This figure represents the culmination of a steady increase in housing prices over the years, starting from $142,736 in 2012. Despite this growth, it remains the most affordable option in Papillion. The trajectory of housing prices in this zip code provides valuable insights into the local real estate market and its underlying economic factors.
Examining the historical data, we observe a consistent upward trend in average home prices from 2012 to 2025. In 2012, the average home price was $142,736, which increased to $165,448 by 2016, representing a 15.9% growth over four years. The pace of price appreciation accelerated in subsequent years, with the average home price reaching $209,877 in 2020, a 26.9% increase from 2016. This trend continued, with projections showing an average home price of $291,640 by 2025, marking a 39% increase from 2020.
Regarding the sub-topic of the zip code with the most significant decrease in housing prices over the past decade, the data does not support this claim for 68128. In fact, the zip code has experienced consistent growth in housing prices. From 2013 to 2023, average home prices increased from $146,402 to $275,921, representing an 88.5% growth over this ten-year period.
As for the zip code with the most stable housing prices over the past decade, 68128 does not fit this description either. The data shows a steady increase rather than stability. However, it's worth noting that the rate of increase has been relatively consistent, with an average annual growth rate of about 6.5% between 2013 and 2023.
Analyzing related factors, we find that the median income in zip code 68128 has also shown an upward trend, albeit at a slower pace than housing prices. In 2013, the median income was $74,361, which increased to $86,091 by 2022, representing a 15.8% growth over nine years. This growth in income, while positive, has not kept pace with the rapid increase in housing prices, potentially contributing to the zip code's status as having the lowest average housing prices in Papillion.
The population in zip code 68128 has remained relatively stable, growing from 17,937 in 2013 to 19,223 in 2022, a 7.2% increase. This moderate population growth, combined with the income trends, suggests a balanced demand for housing in the area. The percentage of owner-occupied housing has fluctuated slightly but remained relatively stable, moving from 61.42% in 2013 to 61.82% in 2022.
In conclusion, zip code 68128 in Papillion, Nebraska, maintains the distinction of having the lowest average housing prices in the area, despite a consistent upward trend in home values. The projected average home price of $291,640 in 2025 represents significant growth from earlier years but remains the most affordable option in Papillion. While the zip code has not experienced a decrease or exceptional stability in housing prices over the past decade, its steady growth pattern, coupled with moderate increases in median income and population, has likely contributed to its relative affordability within the local market. These factors collectively paint a picture of a growing yet still accessible housing market in zip code 68128.
