68040 — Malmo, NE Home Values
Typical home value $479,376 as of June 2026 · 4th of 110 in Omaha-Council Bluffs, NE-IA
Blue: typical home value (Zillow ZHVI) in ZIP code 68040, June 2021 to June 2026. This page shows observed data only; no forecast.
How 68040 compares in the Omaha-Council Bluffs, NE-IA area
ZIP code 68040 (Malmo, NE) has a typical home value of $479,376 as of June 2026, ranking 4th of 110 ZIP codes tracked in the Omaha-Council Bluffs, NE-IA area, more expensive than about 97% of ZIP codes in the metro. Prices here have moved +8.2% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +45.3%, from $329,998 in June 2021 to $479,376 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Omaha-Council Bluffs, NE-IA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Omaha.
Population and demographics
ZIP code 68040 has a population of 366, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 94.2% White, 5% Hispanic or Latino, and 0.8% Black or African American.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| WAHOO PRE-SCHOOL | 2056 N HACKBERRY, WAHOO, NE | 7.2 mi |
| WAHOO ELEMENTARY SCHOOL | 2056 N HACKBERRY, WAHOO, NE | 7.2 mi |
| WAHOO HIGH SCHOOL | 2201 N LOCUST, WAHOO, NE | 7.3 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 68040?
$479,376 as of June 2026, the latest month Zillow has published observed data for.
Is 68040 an expensive ZIP code in the Omaha-Council Bluffs, NE-IA area?
68040 ranks 4th of 110 ZIP codes in the Omaha-Council Bluffs, NE-IA area by typical home value, more expensive than about 97% of ZIP codes in the metro.
How much have home values in 68040 changed over the past year?
+8.2% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 68040?
366, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 68040?
WAHOO PRE-SCHOOL (7.2 mi), WAHOO ELEMENTARY SCHOOL (7.2 mi), WAHOO HIGH SCHOOL (7.3 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 68040?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Omaha-Council Bluffs, NE-IA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.