ZIP Code Market Report
68131 — Omaha, NE
Data through February 2026 · Updated monthly
Avg Home Value
$214,651
▲ 3.3% year-over-year
Month-over-Month
-0.3%
▼ 0.3%
Single Family
$215,891
Condo / Co-op
$196,060
The average home value in the 68131 ZIP code (Omaha, Nebraska) is $214,651 as of February 2026. Home prices are rising, up 3.3% compared to last year.
A 3-bedroom home in 68131 is valued at $207,063. 1-bedroom units start around $157,128. Single-family homes average $215,891, while condos average $196,060.
The market in 68131 has a $161,772 spread between bottom-tier homes at $153,082 and top-tier homes at $314,855. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 68131 ZIP code will increase 0.6% over the next 12 months, bringing the projected average to approximately $215,939. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Cass County market area in Nebraska. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Cass County report.
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Market Snapshot
68131 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $215,922 | $215,314 | $214,651 | ▼ 0.6% |
| Single Family Value | $212,571 | $214,139 | $215,891 | ▲ 1.6% |
Home Values
68131 Home Value Trend
Historical home values for ZIP code 68131. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 68131
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $157,128 |
| 2 Bedrooms | $203,044 |
| 3 Bedrooms | $207,063 |
| 4 Bedrooms | $236,778 |
Property Types
Home Values by Property Type in 68131
How different property types compare in this ZIP code.
All Homes
$214,651
Single Family
$215,891
Condo / Co-op
$196,060
Bottom Tier
$153,082
Top Tier
$314,855
Forecast
12-Month Home Value Forecast for 68131
Zillow projects home values in 68131 will increase 0.6% over the next year, reaching approximately $215,939.
Current Value
$214,651
Projected Change
+0.6%
▲ 0.6%
Projected Value
$215,939
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 68131 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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