Market Overview
Home Prices in Papillion, NE
The median home value in Papillion, NE is $415,721 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Papillion are priced1% above average. Papillion is part of the Omaha-Council Bluffs, NE-IA metro area.
Over the past five years, Papillion home values have risen by approximately21.2%, reflecting strong long-term appreciation in this market.
Price History
Papillion Home Price Trend
City Comparison
Papillion vs. National Median
At $415,721, homes in Papillion cost 1% above the national median of $410,000. Buyers in Papillion should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Papillion?
20% Down Payment
$83,144
on $415,721
Monthly P&I
$2,168/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,753/mo
incl. taxes & insurance
Income Needed
$110,120
gross annual (30% rule)
10% Down Option
$41,572
+ PMI applies
Loan Amount (20% dn)
$332,577
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Papillion, NE?
The median home value in Papillion is $415,721 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Papillion?
Over the past year, home values in Papillion have increased by 1.7%. Over five years, prices have risen approximately 21.2%.
How much do I need to earn to buy a home in Papillion?
To comfortably afford the median home price of $415,721 with a 20% down payment ($83,144) at today's rates (6.8%), you'd need a gross annual income of approximately $110,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Papillion compare to the national average home price?
The national median home value is approximately $410,000. At $415,721, homes in Papillion are 1% above the national average.
What metro area is Papillion part of?
Papillion is part of the Omaha-Council Bluffs, NE-IA metropolitan area. Home prices and market conditions can vary across the broader metro region.