Commercial Real Estate Market in Farwell, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Farwell, NE spans 48.5 square miles in Howard County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Farwell, 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 Farwell, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Farwell, 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 Farwell, 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%
- Industrial 12.2%
- Agricultural 8.6%
- Commercial 8.2%
Largest Zones share of zoned land by district
Residential Single Family
Large Lot Residential
Light Industrial
Open Space And Recreation
General Commercial
Farwell, NE zones 109 acres across 5 districts. Commercial zoning covers 8.2% of zoned land, residential 71% and industrial 12.2%. The largest single district is Residential Single Family at 57.2%. For commercial buyers the practical constraint is that only 20.4% of land carries a commercial or industrial designation.
Light Industrial (I-1)
This District is intended for the purpose of allowing certain industrial uses which do not: Require intensive land coverage. Generate large volumes of vehicular traffic. Create noise, obnoxious sounds, glare, dust and odor nor create litter. Height, and land coverage are controlled to insure compatibility with adjoining uses.
Market overview
Demographics & Economy
Farwell, NE has 297 residents in 126 households. Density runs 6 people per square mile. Median household income here is $51,250 and median gross rent $580 a month.
297
Population
126
Households
2.4
Avg Household Size
45
Median Age
16%
College-Educated
97%
High-School Grad
48.5 sq mi
ZIP Area
6
Density / Sq Mi
$51,250
Median Household Income
$23,668
Median Earnings
$580
Median Rent
$275,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Nysted | — | — |
| Elba | — | — |
| Dannebrog | — | — |
| Dannevirke | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Farwell?
Farwell, NE zones 109 acres across 5 districts, of which 8.2% is commercial and 12.2% industrial. The largest single district is Residential Single Family at 57.2% of zoned land. Residential zoning covers 71% and open space 0%.
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: 109 zoned acres across 5 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
