Papillion, NE Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Papillion, NE Housing Market Trends

With a population of 20,471, 7,707 total housing units (homes and apartments), and a median house value of $220,323, Papillion real estate is some of the most expensive in Nebraska, although Papillion home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Papillion, accounting for 72.12% of the city's housing units. Other types of housing that are prevalent in Papillion include large apartment complexes or high rise apartments ( 23.56%), duplexes, homes converted to apartments or other small apartment buildings ( 2.50%), and a few row houses and other attached homes ( 1.66%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Papillion. Owner-occupied housing accounts for 65.16% of Papillion's homes, and 64.95% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Papillion built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Papillion built between 1940-1969 ( 17.67%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.31%). There's also some housing in Papillion built before 1939 ( 3.54%).

Papillion Home Appreciation Rates

Appreciation rates for homes in Papillion have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 38.09%, which ranks in the top 40% nationwide. This equates to an annual average Papillion house appreciation rate of 3.28%.

Over the last year, Papillion appreciation rates have trailed the rest of the nation. In the last twelve months, Papillion's appreciation rate has been 5.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Papillion were at 1.90%, which equates to an annual appreciation rate of 7.82%.

Relative to Nebraska, our data show that Papillion's latest annual appreciation rate is higher than 80% of the other cities and towns in Nebraska.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Papillion differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Papillion - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Papillion real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$220,323

Papillion, NE HOME PRICES

> $1,174,000
0.1%
0.1%
$881,001 - $1,174,000
0.6%
0.6%
$587,001 - $881,000
0.7%
0.7%
$470,001 - $587,000
3.1%
3.1%
$352,001 - $470,000
12.7%
12.7%
$235,001 - $352,000
34.4%
34.4%
$117,001 - $235,000
44.8%
44.8%
$59,001 - $117,000
2.2%
2.2%
$0 - $59,000
1.5%
1.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for NE

Value Relative To Nation

Number Of Homes And Apartments:
7,707

Papillion Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NE*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
53.20% 2.05%
1
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,160 / per month

Homeownership Rate

Owners
65.2%
65.2%
Renters
34.8%
34.8%
Vacant
2.9%
2.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.3%
11.3%
1970 - 1999
67.5%
67.5%
1940 - 1969
17.7%
17.7%
1939 or Older
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
72.1%
72.1%
Townhomes
1.7%
1.7%
Small Apt. Buildings
2.5%
2.5%
Apt. Complexes
23.6%
23.6%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
10.7%
10.7%
2 Bedrooms
17.4%
17.4%
3 Bedrooms
38.4%
38.4%
4 Bedrooms
26.5%
26.5%
5 or more bedrooms
5.6%
5.6%
0.0% 100.0%
% OF HOMES