Commercial Real Estate Market in Fairfield, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Fairfield, NE spans 70.4 square miles in Clay County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Fairfield, 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 Fairfield, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Fairfield, 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 Fairfield, 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 87.4%
- Commercial 5.1%
- Open space 4%
- Industrial 3.5%
Largest Zones share of zoned land by district
Urban Residential
General Commercial
Parks Or Recreational
Industrial
Fairfield, NE zones 316 acres across 4 districts. Commercial zoning covers 5.1% of zoned land, residential 87.4%, open space 4% and industrial 3.5%. The largest single district is Urban Residential at 87.4%. For commercial buyers the practical constraint is that only 8.6% of land carries a commercial or industrial designation.
Urban Residential (R-2)
This district is established, to provide areas for residential living uses within the incorporated Villages of Clay County which, while providing flexibility in the type and density of housing, will avoid land use and building mass conflicts and promote and encourage stable residential neighborhoods
Market overview
Demographics & Economy
Fairfield, NE has 507 residents in 275 households. Density runs 7 people per square mile. Median household income here is $69,821 and median gross rent $645 a month.
507
Population
275
Households
1.8
Avg Household Size
45
Median Age
17%
College-Educated
98%
High-School Grad
70.4 sq mi
ZIP Area
7
Density / Sq Mi
$69,821
Median Household Income
$31,944
Median Earnings
$645
Median Rent
$183,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clay Center | — | — |
| Lynn | — | — |
| Deweese | — | — |
| Edgar | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Fairfield?
Fairfield, NE zones 316 acres across 4 districts, of which 5.1% is commercial and 3.5% industrial. The largest single district is Urban Residential at 87.4% of zoned land. This district is established, to provide areas for residential living uses within the incorporated Villages of Clay County which, while providing flexibility in the type and density of housing, will avoid land use and building mass conflicts and promote and encourage stable residential neighborhoods Residential zoning covers 87.4% and open space 4%.
Methodology & data sources
- 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: 316 zoned acres across 4 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
