ZIP Code · NE

ZIP 68127

Part of Omaha, NE

Pop. 20,484·Douglas County·44th most expensive ZIP in Nebraska

Median rent (all units)

$1,165/mo

Year-over-Year

+1.6%

Month-over-Month

-0.3%

vs US Median

-$767

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 68127 · $1,165

More affordable than 93% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,080

1 BR

$1,140

2 BR

$1,360

3 BR

$1,800

4 BR+

$2,030

Research median

$1,360/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

March. Asking rents in ZIP 68127 usually run 1% below trend in March and 1% above it in September, about $23 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 68127 is 0.6% below its high of $1,172 in June 2026, at $1,165 as of September 2026.

Past year vs. the rest of Nebraska

Rent in ZIP 68127 changed +1.6% 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 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($66,384) is $1,660 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,360); a 3-bedroom is $1,800.

Rank in Omaha

3rd cheapest of 24 ZIP codes in Omaha.

Cheaper nearby

ZIP 68134, 7 miles away, rents for 11% less ($1,033/mo), about $1,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 68127. 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

$13,980/yr

At $1,165/mo median

Location

CityOmaha

StateNE

CountyDouglas 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 (+1.6% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 68127 (Omaha, NE) is roughly split between renters and owners, 34.5% of residents hold a bachelor's degree or higher.

Population

20,484

Median income

$66,384

Median age

37.2

Renters

53.1%

Age distribution

19%

28%

25.3%

12.3%

15.4%

Under 1819%

18–3428%

35–5425.3%

55–6412.3%

65+15.4%

Gender

49.6%

50.4%

Male49.6%

Female50.4%

Race & ethnicity

73.9%

20.3%

White73.9%

Black3.9%

Hispanic20.3%

Asian2%

Education (25+)

24.4%

33.9%

34.5%

No HS diploma7.1%

HS diploma24.4%

Some college33.9%

Bachelor's+34.5%

Housing tenure

46.9%

53.1%

Owner46.9%

Renter53.1%

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

2021 vs 2026

How ZIP 68127 in Omaha, NE has changed in 5 years

Rent

$910 → $1,165

up 28.0%

Income

$56,454 → $66,384

up 17.6%

Population

20,681 → 20,484

down 1.0%

Renter share

55.3% → 53.1%

-2.2 pts

Bachelor's+

31.2% → 34.5%

+3.3 pts

Median age

34.1 → 37.2

+3.1 yrs

Across the past five years, the going rent in ZIP 68127 in Omaha, NE has shifted from $910 to $1,165, up 28.0% since 2021. Household income in the area moved from $56,454 to $66,384 across the same window, up 17.6% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 68127 in Omaha, NE losing about 197 residents over the five-year window, down 1.0% on net. The renter share has eased from 55.3% to 53.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 31.2% to 34.5% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 68127 in Omaha, NE look reasonable against where the market sat half a decade ago.

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About renting in ZIP 68127

Last updated: October 17, 2026

ZIP code 68127 covers Omaha, NE. The median rent here is $1,165/mo as of October 2026. A 1-bedroom rents for a median of $1,140/mo. A 2-bedroom rents for a median of $1,360/mo.

At 21% of local median household income ($66,384/yr), ZIP 68127 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 68127?

To keep rent at or below 30% of gross income, you would need to earn at least $47,000/year (about $23/hour full-time) to afford the median rent of $1,165/mo in ZIP 68127. The local median household income is $66,384/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 68127?

Rent in ZIP 68127 has risen 1.6% over the past year as of September 2026. It sits 0.6% below its high of $1,172 in June 2026.

When is the cheapest time to rent in ZIP 68127?

Asking rents in ZIP 68127 are usually lowest in March, about 1% below their yearly trend, and highest in September, about 1% above it. At today's median that is a gap of roughly $23 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 68127 compare to other ZIPs in Nebraska?

ZIP 68127 is one of the more affordable among Nebraska ZIP codes for rent, ranking #44 of 52 at $1,165/mo. Over the year to September 2026, rent in ZIP 68127 changed +1.6%, against a typical +2.3% across the 47 Nebraska ZIP codes Zillow tracks.