5. Papillion, NE
Price now: $399,000
Original price: $439,000
Beds: 4
Baths: 3.5
Square feet: 2,671

Papillion may mean "butterfly" in French, but there's nothing flighty about this house: It's a big, well-built place on a wooded half-acre located on a lake. A walk-out basement offers easy access to the water.

Inside, the home includes special touches like brushed nickel fixtures, rounded cabinet corners and hidden hinges. And the rooms are big: The master bedroom, for example, clocks in at nearly 300 square feet.

The Omaha metro area has been doing well economically, but home prices, even in this popular suburb, have remained decidedly lackluster. That's why a home like this can be so affordable. After just two months on the market, its price was slashed $40,000.

For further information: Trulia

See complete data and interactive map for Papillion


Last updated August 17 2011: 1:18 PM ET
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