Commercial Real Estate Market in Litchfield, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Litchfield, NE spans 121.8 square miles in Sherman County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Litchfield, 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 Litchfield, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Litchfield, 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 Litchfield, 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 61.1%
- Commercial 38.9%
Largest Zones share of zoned land by district
Multifamily Residential
Highway Commercial
Single Family Residential
Downtown Commercial
General Commercial
Litchfield, NE zones 210 acres across 5 districts. Commercial zoning covers 38.9% of zoned land, residential 61.1%. The largest single district is Multifamily Residential at 44.6%. For commercial buyers the practical constraint is that only 38.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Litchfield, NE has 474 residents in 285 households. Density runs 4 people per square mile. Median household income here is $73,929 and median gross rent $656 a month.
474
Population
285
Households
1.7
Avg Household Size
50
Median Age
23%
College-Educated
93%
High-School Grad
121.8 sq mi
ZIP Area
4
Density / Sq Mi
$73,929
Median Household Income
$44,107
Median Earnings
$656
Median Rent
$147,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hazard | — | — |
| Algernon | — | — |
| Clay | — | — |
| Mason City | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Litchfield?
Litchfield, NE zones 210 acres across 5 districts, of which 38.9% is commercial and 0% industrial. The largest single district is Multifamily Residential at 44.6% of zoned land. Residential zoning covers 61.1% 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: 210 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
