Commercial Real Estate Market in Harvard, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Harvard, NE spans 108.2 square miles in Clay County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Harvard, 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 Harvard, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Harvard, 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 Harvard, 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 62.7%
- Industrial 17.3%
- Open space 8.9%
- Commercial 6.4%
Largest Zones share of zoned land by district
Urban Residential
Industrial
Parks Or Recreational
General Commercial
Public Quasi Public
Harvard, NE zones 308 acres across 6 districts. Commercial zoning covers 6.4% of zoned land, residential 62.7%, open space 8.9% and industrial 17.3%. The largest single district is Urban Residential at 62.5%. For commercial buyers the practical constraint is that only 23.7% 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
Harvard, NE has 1,210 residents in 586 households. Density runs 11 people per square mile. Median household income here is $70,833 and median gross rent $737 a month.
1,210
Population
586
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
91%
High-School Grad
108.2 sq mi
ZIP Area
11
Density / Sq Mi
$70,833
Median Household Income
$40,750
Median Earnings
$737
Median Rent
$123,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Leicester | — | — |
| Inland | — | — |
| Clay Center | — | — |
| Saronville | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Harvard?
Harvard, NE zones 308 acres across 6 districts, of which 6.4% is commercial and 17.3% industrial. The largest single district is Urban Residential at 62.5% 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 62.7% and open space 8.9%.
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: 308 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
