Commercial Real Estate Market in Waverly, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 105 off-market properties in Waverly, NE.
Market Trends
Waverly, NE spans 55.3 square miles in Lancaster County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Waverly, 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 Waverly, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Waverly, 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 Waverly, 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 89.4%
- Industrial 9.6%
- Commercial 0.7%
- Mixed use 0.3%
Largest Zones share of zoned land by district
Agriculture
Single Family Low Density Residential District
Limited Industrial District
Single Family Medium Density Residential District
General Industrial District
Waverly, NE zones 7,423 acres across 12 districts. Commercial zoning covers 0.7% of zoned land, residential 89.4% and industrial 9.6%. The largest single district is Agriculture at 77.8%. For commercial buyers the practical constraint is that only 10.4% of land carries a commercial or industrial designation.
Agriculture (AG)
AG Agricultural The AG District provides for and preserves the agricultural and rural use of land, while accommodating very low density residential development generally associated with agricultural uses. This district is designed to maintain complete agricultural uses within the Waverly extra-territorial jurisdiction. RR Rural Residential This district prov…
Market overview
Demographics & Economy
Waverly, NE has 4,886 residents in 1,763 households. Density runs 88 people per square mile. Median household income here is $116,023 and median gross rent $1,065 a month.
4,886
Population
1,763
Households
2.8
Avg Household Size
35
Median Age
34%
College-Educated
98%
High-School Grad
55.3 sq mi
ZIP Area
88
Density / Sq Mi
$116,023
Median Household Income
$63,284
Median Earnings
$1,065
Median Rent
$295,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Prairie Home | — | — |
| Greenwood | — | — |
| Alvo | — | — |
| Eagle | — | — |
Commercial property in Waverly, NE asks $1,068/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waverly?
Commercial property in Waverly, NE asks an average of $1,068 per square foot.
What zoning applies to commercial property in Waverly?
Waverly, NE zones 7,423 acres across 12 districts, of which 0.7% is commercial and 9.6% industrial. The largest single district is Agriculture at 77.8% of zoned land. AG Agricultural The AG District provides for and preserves the agricultural and rural use of land, while accommodating very low density residential development generally associated with agricultural uses. This district is designed to maintain complete agricultural uses within the Waverly extra-territorial jurisdiction. RR Rural Residential This district prov… Residential zoning covers 89.4% and open space 0%.
Where does Realmo's Waverly market data come from?
Realmo compiles Waverly, NE figures from 2 recent recorded sales, 17 active sale listings, 1 active lease listings, 105 tracked off-market properties, the current Waverly zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 1 active for-lease listings in Waverly, 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: 7,423 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
