Zip Code:

68137, Omaha, NE

68137 is a Nebraska Zip code within the city of Omaha and the county of Douglas County. Its population is roughly 25,704.

Real Estate in the 68137 Zip Code of Omaha, NE

The 68137 zip code of Omaha, NE is a suburban area located in the northwest corner of the city. The zip code has a population of approximately 287,000 and covers an area of about 9 square miles. Home prices in the 68137 zip code have increased significantly over the past few years, reaching a median price of $269,500 as of May 2017. This represents a 119% increase from the median price of $127,500 recorded in May 2013.

One factor contributing to this increase in home prices is that there are relatively few homes for sale in the 68137 zip code. In fact, as of May 2017 there were only 38 homes for sale within the zip code boundaries. This lack of available inventory has driven up prices and made it difficult for potential home buyers to find affordable options. Additionally, many homeowners in the 68137 zip code have taken advantage of low interest rates and have refinanced their homes multiple times over the past few years. As a result, they are now able to afford higher priced homes than they would have been able to five or ten years ago.

Despite these positive trends, there are some risks associated with buying a home in the 68137 zip code. For example, although home prices have increased significantly over recent years, they may still decline if interest rates rise or if there is another housing market crash like we experienced during 2008-2009. Additionally, although refinancing may be beneficial for some homeowners, it can also lead to increased debt levels which could be difficult to manage if something goes wrong with their finances down the road.

Price Index: Omaha-Council Bluffs, NE-IA

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