Quick facts: Papillion, NE

Quick Facts

95.0
Cost of Living
below US average
23,794
Population
12.4
Crime Rate per 1000
below US average
$104,608
Median Income
above US average
$350,000
Median House Price
above US average
$1978.5
Average Rent
above US average
5%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $104,608.

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Income Needed to Buy

βœ— Stretch
$110k/year
Based on $350,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $110k vs median $104,608
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Income Needed to Rent

βœ“ Affordable
$85k/year
Based on $1978.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($104,608) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Papillion, NE

Papillion is a charming city located in Sarpy County, Nebraska, just south of Omaha. Known for its strong community spirit and family-friendly environment, Papillion offers a blend of suburban living with easy access to urban amenities. The city is home to beautiful parks, such as the popular Papillion Landing, which features a recreation center, sports fields, and walking trails, making it a hub for outdoor activities. Papillion also boasts a vibrant downtown area filled with local shops, restaurants, and cafes, contributing to its quaint small-town feel. The city hosts various annual events, including the Papillion Days Festival, which celebrates community pride through music, food, and entertainment. Education is a key focus in Papillion, with several highly rated schools served by the Papillion La Vista Community Schools district. Additionally, the city's proximity to Omaha provides residents with easy access to a larger metropolitan area, enhancing job opportunities and cultural experiences. Overall, Papillion is a growing municipality that retains its friendly, community-oriented atmosphere while offering modern conveniences.

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