Commercial Real Estate Market in Prague, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Prague, NE spans 56.9 square miles in Saunders County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Prague, 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 Prague, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Prague, 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 Prague, 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
- Agricultural 94.4%
- Residential 4.7%
- Commercial 0.5%
- Industrial 0.4%
Largest Zones share of zoned land by district
Transitional Agriculture
Suburban Residential
Urban Residential
General Commercial
Industrial
Transitional Agriculture (TA)
The TA District is established for the purposes of protecting the urban area of the village from encroachment by incompatible agricultural or other land uses near the village and preserving productive agricultural land and agricultural operations in the area
Market overview
Demographics & Economy
Prague, NE has 597 residents in 280 households. Density runs 10 people per square mile. Median household income here is $85,313 and median gross rent $825 a month.
597
Population
280
Households
2.1
Avg Household Size
45
Median Age
16%
College-Educated
95%
High-School Grad
56.9 sq mi
ZIP Area
10
Density / Sq Mi
$85,313
Median Household Income
$38,173
Median Earnings
$825
Median Rent
$150,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Malmo | — | — |
| Abie | — | — |
| Bruno | — | — |
| Morse Bluff | — | — |
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: 3,314 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
