Valparaiso is a village in Saunders County, Nebraska, United States.

[4] Valparaiso is derived from a Spanish name meaning "vale of paradise".

[7] According to the United States Census Bureau, the village has a total area of 0.56 square miles (1.45 km2), all land.

There were 276 housing units at an average density of 492.9 per square mile (190.3/km2).

30.3% of all households were made up of individuals, and 14.1% had someone living alone who was 65 years of age or older.

There were 245 housing units at an average density of 447.6 per square mile (172.8/km2).

32.3% of all households were made up of individuals, and 15.5% had someone living alone who was 65 years of age or older.