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Rural ResidenceResidential
$314,734$321 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 97How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

1501 SW 40TH ST

LINCOLN, NE 68522
2
Beds
3 / 1
Baths
980 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
4.87 ac
Lot SizeThe size of the land the home sits on, from county records.
1965
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$315K
$304K low$325K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$4,691 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$316,700 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$133,200
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$183,500
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$289,600
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$316,700

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Rural Residence
StyleThe architectural style of the home, such as ranch or colonial.Ranch
CountyLancaster
Lot (acres)The size of the land the home sits on, from county records.4.87
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Concrete
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Forced Air
CoolingThe type of cooling or air conditioning in the home.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Porch · 45 ft²

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Roper Elementary SchoolC+
Elementary · Grades PK–5 · 1.6 mi
H
Northwest High School
High · Grades 9–12 · 2.5 mi
M
Park Middle SchoolD+
Middle · Grades 6–8 · 3.6 mi

District: Lincoln Public Schools

Neighborhood · ZIP 68522These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.42
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.73
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.39

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.97%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.23%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.10%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.8%
PopulationHow many people live in this area.13,827
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,353 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$75,164
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$95,126
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.29 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.59%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

1501 Sw 40th St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 93% of homes in High Ridge / Cushman
  • Costs more per square foot than 96% of homes in Lincoln 68522
  • Smaller than 96% of homes in High Ridge / Cushman
  • Among the largest lots in Lincoln 68522
  • Older than 93% of homes in Lincoln 68522

What homes are worth in Lincoln 68522

Each bar is how many homes fall in that price range. The marker is this home.

This home
$176K$611K

This home is worth more than 67% of homes in Lincoln 68522.

How it measures up in Lincoln 68522

The dot is this home. The mark in the middle is the typical home in Lincoln 68522.

Estimated value$314,734
CheaperTypical $286,210Pricier

Pricier than 67% of homes nearby

Price per ft²$321
CheaperTypical $240Pricier

Pricier than 96% of homes nearby

Living area980 ft²
SmallerTypical 1,200 ft²Bigger

Bigger than 19% of homes nearby

Lot size4.87 ac
SmallerTypical 0.17 acBigger

Bigger than almost all homes nearby

Year built1965
OlderTypical 1998Newer

Newer than 7% of homes nearby

How 1501 Sw 40th St ranks against every home in each area.
MeasureThis homeHigh Ridge / CushmanLincoln 68522Lancaster County
Estimated valuepricier than$314,7347% of homes67% of homes53% of homes
Price per ft²pricier than$32164% of homes96% of homes94% of homes
Living areabigger than980 ft²4% of homes19% of homes13% of homes
Lot sizebigger than4.87 ac87% of homesalmost all homes97% of homes
Year builtnewer than196514% of homes7% of homes35% of homes

About 1501 Sw 40th St

How much is 1501 Sw 40th St, Lincoln, NE worth?

The TopHap Estimate for 1501 Sw 40th St, Lincoln, NE is $314,734 as of Sep 24, 2026. The likely range is $304,396 to $325,072. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1501 Sw 40th St, Lincoln, NE last sell?

1501 Sw 40th St, Lincoln, NE last sold on Jan 5, 2000, according to the county's recorded deed.

How big is 1501 Sw 40th St, Lincoln, NE?

1501 Sw 40th St, Lincoln, NE has 2 bedrooms, 3 bathrooms, 980 square feet of living space and a 4.87-acre lot.

When was 1501 Sw 40th St, Lincoln, NE built?

1501 Sw 40th St, Lincoln, NE was built in 1965, making it 61 years old. It is a ranch home. The building has 1 story.

What schools serve 1501 Sw 40th St, Lincoln, NE?

1501 Sw 40th St, Lincoln, NE is assigned to Roper Elementary School (elementary), rated C+; Northwest High School (high); Park Middle School (middle), rated D+. All sit in Lincoln Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1501 Sw 40th St, Lincoln, NE compare to other homes in Lincoln 68522?

Among the 4,043 homes in Lincoln 68522, it is worth more than 67% of them ($314,734 against a typical $286,210), its price per square foot is higher than 96% of them ($321 against a typical $240), it is bigger than 19% of them (980 ft² against a typical 1,200 ft²), its lot is bigger than almost all of them (4.87 ac against a typical 0.17 ac) and it is newer than 7% of them (1965 against a typical 1998). Measured against all of Lancaster County, it is worth more than 53% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1501 Sw 40th St, Lincoln, NE?

The 2025 property tax bill for 1501 Sw 40th St, Lincoln, NE was $4,691. The county assessed it at $316,700.

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