Commercial Real Estate Market in Bayard, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 154 off-market properties in Bayard, NE.
Market Trends
Bayard, NE spans 309.5 square miles in Morrill County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bayard, 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 Bayard, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bayard, 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 Bayard, 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
- Residential 66.2%
- Industrial 10.7%
- Commercial 4.6%
Largest Zones share of zoned land by district
Residential District
No Zoning
Industrial District
High Density Residential District
General Commercial District
Bayard, NE zones 440 acres across 6 districts. Commercial zoning covers 4.6% of zoned land, residential 66.2% and industrial 10.7%. The largest single district is Residential District at 56.4%. For commercial buyers the practical constraint is that only 15.2% of land carries a commercial or industrial designation.
Residential District (R-1)
B) R-1 Residential Districts: 1. Intent: The intent of this district is to provide an area for development in residential neighborhoods including those uses which reinforce residential neighborhoods. 2. Permitted Uses: In District “R-1” no building structure, land, or premises shall be used and no building or structure shall be hereafter erected, constructed…
Market overview
Demographics & Economy
Bayard, NE has 2,111 residents in 1,080 households. Density runs 7 people per square mile. Median household income here is $62,350 and median gross rent $589 a month.
2,111
Population
1,080
Households
2
Avg Household Size
44
Median Age
22%
College-Educated
92%
High-School Grad
309.5 sq mi
ZIP Area
7
Density / Sq Mi
$62,350
Median Household Income
$37,055
Median Earnings
$589
Median Rent
$124,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Scottsbluff | — | — |
| McGrew | — | — |
| Minatare | — | — |
| Melbeta | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Bayard?
Bayard, NE zones 440 acres across 6 districts, of which 4.6% is commercial and 10.7% industrial. The largest single district is Residential District at 56.4% of zoned land. B) R-1 Residential Districts: 1. Intent: The intent of this district is to provide an area for development in residential neighborhoods including those uses which reinforce residential neighborhoods. 2. Permitted Uses: In District “R-1” no building structure, land, or premises shall be used and no building or structure shall be hereafter erected, constructed… Residential zoning covers 66.2% and open space 0%.
Where does Realmo's Bayard market data come from?
Realmo compiles Bayard, NE figures from 2 active sale listings, 154 tracked off-market properties, the current Bayard zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Bayard, 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: 440 zoned acres across 6 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
