Commercial Real Estate Market in Hazard, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 11 off-market properties in Hazard, NE.
Market Trends
Hazard, NE spans 47.6 square miles in Sherman County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hazard, 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 Hazard, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hazard, 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 Hazard, 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 53.9%
- Residential 46.1%
Largest Zones share of zoned land by district
Highway Commercial
Multifamily Residential
Single Family Residential
Downtown Commercial
Hazard, NE zones 181 acres across 4 districts. Commercial zoning covers 53.9% of zoned land, residential 46.1%. The largest single district is Highway Commercial at 52.4%. For commercial buyers the practical constraint is that only 53.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Hazard, NE has 197 residents in 90 households. Density runs 4 people per square mile. Median household income here is $63,913.
197
Population
90
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
99%
High-School Grad
47.6 sq mi
ZIP Area
4
Density / Sq Mi
$63,913
Median Household Income
$46,506
Median Earnings
$0
Median Rent
$258,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sweetwater | — | — |
| Litchfield | — | — |
| Pleasanton | — | — |
| Bristol | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Hazard?
Hazard, NE zones 181 acres across 4 districts, of which 53.9% is commercial and 0% industrial. The largest single district is Highway Commercial at 52.4% of zoned land. Residential zoning covers 46.1% and open space 0%.
Where does Realmo's Hazard market data come from?
Realmo compiles Hazard, NE figures from 1 active sale listings, 11 tracked off-market properties, the current Hazard 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 Hazard, 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: 181 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
