Commercial Real Estate Market in Elmwood, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 63 off-market properties in Elmwood, NE.
Market Trends
Elmwood, NE spans 48.4 square miles in Cass County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elmwood, 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 Elmwood, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Elmwood, 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 Elmwood, 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
- Commercial 91.3%
- Residential 8.1%
- Industrial 0.7%
Largest Zones share of zoned land by district
Transitional Agriculture
Single Family Residential
Industrial
General Commercial
Highway Commercial
Elmwood, NE zones 3,040 acres across 6 districts. Commercial zoning covers 91.3% of zoned land, residential 8.1% and industrial 0.7%. The largest single district is Transitional Agriculture at 90.7%. For commercial buyers the practical constraint is that only 91.9% of land carries a commercial or industrial designation.
Transitional Agriculture (TA)
Section 5.05 T-A Transitional Agriculture District 5.05.01 Intent: The Transitional Agriculture District is established for the purpose of preserving agricultural resources that are compatible with adjacent urban growth. It is not intended for commercial feedlot operations for livestock or poultry. Because the areas are not in the identified growth areas for…
Market overview
Demographics & Economy
Elmwood, NE has 1,132 residents in 543 households. Density runs 23 people per square mile. Median household income here is $75,990 and median gross rent $805 a month.
1,132
Population
543
Households
2.1
Avg Household Size
39
Median Age
32%
College-Educated
96%
High-School Grad
48.4 sq mi
ZIP Area
23
Density / Sq Mi
$75,990
Median Household Income
$46,563
Median Earnings
$805
Median Rent
$222,000
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Elmwood?
Elmwood, NE zones 3,040 acres across 6 districts, of which 91.3% is commercial and 0.7% industrial. The largest single district is Transitional Agriculture at 90.7% of zoned land. Section 5.05 T-A Transitional Agriculture District 5.05.01 Intent: The Transitional Agriculture District is established for the purpose of preserving agricultural resources that are compatible with adjacent urban growth. It is not intended for commercial feedlot operations for livestock or poultry. Because the areas are not in the identified growth areas for… Residential zoning covers 8.1% and open space 0%.
Where does Realmo's Elmwood market data come from?
Realmo compiles Elmwood, NE figures from 3 recent recorded sales, 10 active sale listings, 63 tracked off-market properties, the current Elmwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Elmwood, 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: 3,040 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
