Commercial Real Estate Market in Madison, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Madison, NE spans 172.6 square miles in Madison County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Madison, 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 Madison, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Madison, 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 Madison, 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 94.9%
- Industrial 4.1%
- Commercial 1.1%
Largest Zones share of zoned land by district
Agriculture
Single Family Residential
Multiple Family Residential
Industrial
Medium Density Residential
Madison, NE zones 5,513 acres across 11 districts. Commercial zoning covers 1.1% of zoned land, residential 94.9% and industrial 4.1%. The largest single district is Agriculture at 78.1%. For commercial buyers the practical constraint is that only 5.1% of land carries a commercial or industrial designation.
Single Family Residential (R1)
R1 Single Family District This zone provides for conventional single-family residential development and compatible civic uses, including religious assembly, child care, and parks and recreation. A modular or manufactured home set permanently on a foundation is considered a conventional single -family house. Uncovered or unscreened outdoor storage of material…
Market overview
Demographics & Economy
Madison, NE has 3,020 residents in 1,019 households. Density runs 17 people per square mile. Median household income here is $65,250 and median gross rent $836 a month.
3,020
Population
1,019
Households
3
Avg Household Size
36
Median Age
14%
College-Educated
74%
High-School Grad
172.6 sq mi
ZIP Area
17
Density / Sq Mi
$65,250
Median Household Income
$40,331
Median Earnings
$836
Median Rent
$140,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Creston | — | — |
| Humphrey | — | — |
| Cornlea | — | — |
| Battle Creek | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Madison?
Madison, NE zones 5,513 acres across 11 districts, of which 1.1% is commercial and 4.1% industrial. The largest single district is Agriculture at 78.1% of zoned land. Residential zoning covers 94.9% and open space 0%.
Where does Realmo's Madison market data come from?
Realmo compiles Madison, NE figures from 4 recent recorded sales, 150 tracked off-market properties, the current Madison zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
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: 5,513 zoned acres across 11 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
