Commercial Real Estate Market in Albion, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 219 off-market properties in Albion, NE.
Market Trends
Albion, NE spans 279.1 square miles in Boone County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Albion, NE runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Albion, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Albion, NE runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Albion, NE runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 65%
- Residential 22%
- Commercial 7.6%
- Industrial 5.5%
Largest Zones share of zoned land by district
Transitional Agriculture District
Low Density Residential
Medium And High Density Residential
Commercial
Industrial
Low Density Residential (R-1)
SECTION 9-506: (R-1) LOW DENSITY RESIDENTIAL A. Intent. The Low Density Residential District is intended to provide for large lot residential and compatible uses while maintaining reserve land for planned expansion of intense urban development to facilitate planned extension of municipal services; and to permit residential use of land where, because of fores…
Market overview
Demographics & Economy
Albion, NE has 2,941 residents in 1,352 households. Density runs 11 people per square mile. Median household income here is $79,688 and median gross rent $713 a month.
2,941
Population
1,352
Households
2.2
Avg Household Size
44
Median Age
20%
College-Educated
96%
High-School Grad
279.1 sq mi
ZIP Area
11
Density / Sq Mi
$79,688
Median Household Income
$37,750
Median Earnings
$713
Median Rent
$214,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Boone | — | — |
| Saint Edward | — | — |
| Newman Grove | — | — |
| Primrose | — | — |
Frequently Asked Questions
Where does Realmo's Albion market data come from?
Realmo compiles Albion, NE figures from 1 active sale listings, 219 tracked off-market properties, the current Albion zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Albion, NE. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 5,331 zoned acres across 8 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
