Commercial Real Estate Market in Milford, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 115 off-market properties in Milford, NE.
Market Trends
Milford, NE spans 79.4 square miles in Seward County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milford, 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 Milford, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Milford, 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 Milford, 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 91%
- Residential 7%
- Mixed use 1.3%
- Industrial 0.7%
- Planned_development 0.1%
Largest Zones share of zoned land by district
Transitional Agriculture District
Medium Density Residential
Medium Density Residential And Central Business District
Residential Suburban
Low Density Residential
Milford, NE zones 5,401 acres across 12 districts. Commercial zoning covers 91% of zoned land, residential 7% and industrial 0.7%. The largest single district is Transitional Agriculture District at 84.5%. For commercial buyers the practical constraint is that only 91.6% of land carries a commercial or industrial designation.
Medium Density Residential (R-2)
Section 5.08 R-2 Medium Density Residential 5.08.01 Intent: The purpose of this district is to permit single -family density residential with an incre ase of density to include duplexes and similar residential development in areas providing all public facilities and supporting facilities to maintain a sound and pleasant environment for the inhabitants. 5.08.…
Market overview
Demographics & Economy
Milford, NE has 3,378 residents in 1,409 households. Density runs 43 people per square mile. Median household income here is $80,906 and median gross rent $929 a month.
3,378
Population
1,409
Households
2.4
Avg Household Size
37
Median Age
27%
College-Educated
92%
High-School Grad
79.4 sq mi
ZIP Area
43
Density / Sq Mi
$80,906
Median Household Income
$41,604
Median Earnings
$929
Median Rent
$245,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Grover | — | — |
| Pleasant Dale | — | — |
| Dorchester | — | — |
| Seward | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Milford?
Milford, NE zones 5,401 acres across 12 districts, of which 91% is commercial and 0.7% industrial. The largest single district is Transitional Agriculture District at 84.5% of zoned land. Residential zoning covers 7% and open space 0%.
Where does Realmo's Milford market data come from?
Realmo compiles Milford, NE figures from 5 active sale listings, 115 tracked off-market properties, the current Milford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Milford, 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: 5,401 zoned acres across 12 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
