Commercial Real Estate Market in Elba, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 42 off-market properties in Elba, NE.
Market Trends
Elba, NE spans 97.4 square miles in Howard County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elba, 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 Elba, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Elba, 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 Elba, 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 71.5%
- Agricultural 11.7%
- Industrial 9.8%
- Commercial 7%
Largest Zones share of zoned land by district
Residential Single Family
Large Lot Residential
Open Space And Recreation
Light Industrial
General Commercial
Elba, NE zones 211 acres across 6 districts. Commercial zoning covers 7% of zoned land, residential 71.5% and industrial 9.8%. The largest single district is Residential Single Family at 53.3%. For commercial buyers the practical constraint is that only 16.8% of land carries a commercial or industrial designation.
Large Lot Residential (LLR)
This district is intended to provide for large lot residential development in selected areas within the Corporate Limits of the Villages within Howard County
Market overview
Demographics & Economy
Elba, NE has 430 residents in 285 households. Density runs 4 people per square mile. Median household income here is $58,438 and median gross rent $771 a month.
430
Population
285
Households
1.5
Avg Household Size
46
Median Age
15%
College-Educated
92%
High-School Grad
97.4 sq mi
ZIP Area
4
Density / Sq Mi
$58,438
Median Household Income
$30,357
Median Earnings
$771
Median Rent
$120,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Farwell | — | — |
| Cotesfield | — | — |
| Saint Paul | — | — |
| Dannevirke | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Elba?
Elba, NE zones 211 acres across 6 districts, of which 7% is commercial and 9.8% industrial. The largest single district is Residential Single Family at 53.3% of zoned land. Residential zoning covers 71.5% and open space 0%.
Where does Realmo's Elba market data come from?
Realmo compiles Elba, NE figures from 2 recent recorded sales, 1 active sale listings, 42 tracked off-market properties, the current Elba 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 Elba, 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: 211 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
