ZIP Code · NE

ZIP 68046

Part of Papillion, NE

Pop. 35,085·Sarpy County·12th most expensive ZIP in Nebraska

Median rent (all units)

$1,625/mo

Year-over-Year

-0.7%

Month-over-Month

Stable

vs US Median

-$307

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 68046 · $1,625

More affordable than 63% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,150

1 BR

$1,210

2 BR

$1,440

3 BR

$1,910

4 BR+

$2,150

Research median

$1,440/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in ZIP 68046 usually run 0.9% below trend in November and 1.5% above it in August, about $39 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 68046 is 0.9% below its high of $1,639 in October 2025, at $1,625 as of September 2026.

Past year vs. the rest of Nebraska

Rent in ZIP 68046 changed -0.7% over the year to September 2026. Across the 47 Nebraska ZIP codes Zillow tracks, the typical change was +2.3%.

Recent direction

Rent has fallen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($116,907) is $2,923 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,150).

Cheaper nearby

ZIP 68128, 4 miles away, rents for 15% less ($1,378/mo), about $3,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 68046. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,500/yr

At $1,625/mo median

Location

CityPapillion

StateNE

CountySarpy County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-0.7% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 68046 (Papillion, NE) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 52.3% of residents hold a bachelor's degree or higher.

Population

35,085

Median income

$116,907

Median age

38.4

Renters

23.6%

Age distribution

26.2%

19.7%

28.2%

12.5%

13.4%

Under 1826.2%

18–3419.7%

35–5428.2%

55–6412.5%

65+13.4%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

83.1%

White83.1%

Black4.3%

Hispanic7.8%

Asian2.2%

Other2.6%

Education (25+)

14.5%

30%

52.3%

No HS diploma3.1%

HS diploma14.5%

Some college30%

Bachelor's+52.3%

Housing tenure

76.4%

23.6%

Owner76.4%

Renter23.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 68046 in Papillion, NE has changed in 5 years

Rent

$1,212 → $1,625

up 34.1%

Income

$103,337 → $116,907

up 13.1%

Population

31,695 → 35,085

up 10.7%

Renter share

24.6% → 23.6%

-1.0 pts

Bachelor's+

48.6% → 52.3%

+3.7 pts

Median age

37.1 → 38.4

+1.3 yrs

The median rent in ZIP 68046 in Papillion, NE stood at $1,212 in 2021 and currently runs about $1,625, reflecting a 34.1% increase over the period. On the earnings side, the typical household in ZIP 68046 in Papillion, NE now reports about $116,907, up from $103,337 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 10.7% since 2021, moving from about 31,695 residents to roughly 35,085. College-educated residents now make up 52.3% of adults here, versus 48.6% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 68046 in Papillion, NE reflects that arc in its own way.

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About renting in ZIP 68046

Last updated: October 17, 2026

ZIP code 68046 covers Papillion, NE. The median rent here is $1,625/mo as of October 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,440/mo.

At 17% of local median household income ($116,907/yr), ZIP 68046 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 68046?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (about $31/hour full-time) to afford the median rent of $1,625/mo in ZIP 68046. The local median household income is $116,907/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 68046?

Rent in ZIP 68046 has fallen 0.7% over the past year as of September 2026. It sits 0.9% below its high of $1,639 in October 2025.

When is the cheapest time to rent in ZIP 68046?

Asking rents in ZIP 68046 are usually lowest in November, about 0.9% below their yearly trend, and highest in August, about 1.5% above it. At today's median that is a gap of roughly $39 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 68046 compare to other ZIPs in Nebraska?

ZIP 68046 is one of the pricier among Nebraska ZIP codes for rent, ranking #12 of 52 at $1,625/mo. Over the year to September 2026, rent in ZIP 68046 changed -0.7%, against a typical +2.3% across the 47 Nebraska ZIP codes Zillow tracks.