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Bishop Park

Lincoln, NE

Neighborhood Market Analysis

Q3 2025 Report
$349,000 (September 2024)
Median Home Price
Somewhat Walkable (Walk Score®: 60s)
Walkability Score
Rousseau Elementary is highly rated (GreatSchools); public schools in the area are above average.
School Rating

Location Overview

Neighborhood Boundaries

Generally defined by S 27th St (east), S 14th St (west), Highway 2 (south), and Van Dorn St (north). Boundaries may vary slightly by source.

Zip Codes

6850268512

Market Data Summary

Price Range$300,000–$400,000 for most single-family homes
Price per Sq Ft$129–$132
Inventory LevelsVery low; only 1 home sold in September 2024. Lincoln-wide inventory increased 27.9% from May to June 2025, but Bishop Park remains tight.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesTownhomes

Architectural Styles

RanchSplit-levelTraditional MidwesternSome newer infill builds

Property Details

Typical Lot Sizes0.15–0.25 acres
Home Age Range1950s–1980s, with some newer construction
Construction QualityGenerally well-maintained, mid- to upper-mid quality; mature landscaping common

Community Profile

Demographics & Lifestyle

Demographics

Predominantly families and professionals; diverse age range; stable, established residents.

Community Vibe

Suburban, peaceful, neighborly; active neighborhood association.

Typical Residents

  • Families
  • Young professionals
  • Retirees

Family Friendly

Highly rated for families due to proximity to schools, parks, and quiet streets.

Amenities & Lifestyle

Parks & Recreation

  • • Bishop Heights Park
  • • Van Dorn Park
  • • Bike trails

Dining Options

  • • Local cafes
  • • Family restaurants
  • • Quick-service chains nearby

Shopping Centers

  • • SouthPointe Pavilions (short drive)
  • • Neighborhood strip malls

Local Businesses

  • • Coffee shops
  • • Boutique fitness studios
  • • Daycares
  • • Local grocers

Education & Schools

Rousseau Elementary is highly rated (GreatSchools); public schools in the area are above average.
Overall School Rating

Elementary Schools

  • • Rousseau Elementary School

Middle Schools

  • • Irving Middle School

High Schools

  • • Lincoln Southeast High School

Private Schools

  • • Lincoln Christian School (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • • StarTran bus routes (limited frequency)

Major Roads

  • • S 27th St
  • • Highway 2
  • • Van Dorn St

Commute & Walkability

Commute Times10–20 minutes to downtown Lincoln by car; 20–30 minutes by bus.
WalkabilitySomewhat walkable; most errands require a car.
ParkingAmple street and driveway parking; no permit requirements.

Marketing Intelligence

Target Buyer Types

  • Families with children
  • Young professionals
  • Move-up buyers

Key Selling Points

  • Top-rated schools
  • Low crime
  • Proximity to parks and shopping
  • Stable property values

Pricing Considerations

Homes can command a premium over city average due to demand and school quality; price competitively for condition and updates.

Common Objections & Response Strategies

Objection: Limited inventory and few homes to choose from.

Response Strategy:

Emphasize the neighborhood’s stability and desirability; suggest flexibility on timing or home features.

Objection: Older homes may need updates or repairs.

Response Strategy:

Highlight quality construction, mature lots, and potential for value-add renovations; provide cost estimates for common upgrades.

Objection: Minimal public transit options.

Response Strategy:

Focus on short drive times, ample parking, and bike-friendly routes.

Investment Insights

Investment Potential

Appreciation Potential

Solid; outpacing city average with 3.3% YOY growth. Modest but steady appreciation forecasted.

Rental Demand

Moderate; primarily owner-occupied but some demand from families and professionals seeking rentals in good school zones.

Buyer Competition

High due to low inventory and desirable location.

Best For

  • Families
  • Move-up buyers
  • Long-term investors

Potential Concerns

  • Low inventory limits selection
  • Older homes may need updates

Professional Recommendations

1

Monitor new listings daily due to low inventory.

2

Network with local agents for off-market opportunities.

3

Emphasize school quality and neighborhood safety in marketing.

4

Prepare buyers for quick decision-making and competitive offers.

5

Advise sellers to invest in minor updates for maximum ROI.

6

Highlight community events and association involvement to buyers.

Competitive Analysis

Comparable Markets

  • Yankee Ridge
  • Country Club
  • Southwood

Market Positioning

Premium family neighborhood with stable values and strong community identity.

Competitive Advantages

  • Higher school ratings
  • Lower crime
  • Quieter streets

Price Comparison

Bishop Park median ($349K) is above Lincoln average ($277K–$310K), reflecting its desirability.

Investment Metrics

3.5%–4.5% (est., based on local rents and prices)
Cap Rates
4%–5% gross yield for single-family rentals
Rental Yields
18–20 (indicative of owner-occupancy preference)
Price-to-Rent
Modest; best for appreciation and stability, not high cash flow.
Cash Flow
1–3% annual appreciation expected over next 1–2 years.
Appreciation

Buyer Journey Insights

First-Time Buyers

May face competition and limited options; benefit from stable prices and good schools.

Move-Up Buyers

Strong fit for families seeking more space and better schools.

Downsizers

Appealing for those seeking quiet, established streets and manageable lot sizes.

Investors

Low turnover but stable returns; best for long-term hold.

Relocators

Desirable for those moving to Lincoln for schools or work, but may need to act quickly due to low inventory.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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