Commercial Real Estate Market in Grace, ID
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
10 active listings and 65 off-market properties in Grace, ID.
Market Trends
Grace, ID spans 254.3 square miles in Caribou County, Idaho. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Grace, ID runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Grace, ID runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Grace, ID runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Grace, ID runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 29.6%
- Residential 24.2%
- Agricultural 23.2%
- Industrial 17.9%
- Civic 3.5%
- Open space 0.3%
Largest Zones share of zoned land by district
Single Family Residential
Multiple Family Residential
Agricultural
Industrial
Commercial
Grace, ID zones 667 acres across 9 districts. Commercial zoning covers 29.6% of zoned land, residential 24.2%, open space 0.3% and industrial 17.9%. The largest single district is Single Family Residential at 24.2%. For commercial buyers the practical constraint is that only 47.5% of land carries a commercial or industrial designation.
Single Family Residential (R1)
The purpose of this Zone is to preserve residential neighborhoods, to prevent overcrowding of the land and to encourage the development of low density areas which are best suited for residential purposes.
Market overview
Demographics & Economy
Grace, ID has 2,067 residents in 860 households. Density runs 8 people per square mile. Median household income here is $72,081 and median gross rent $710 a month.
2,067
Population
860
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
94%
High-School Grad
254.3 sq mi
ZIP Area
8
Density / Sq Mi
$72,081
Median Household Income
$24,489
Median Earnings
$710
Median Rent
$206,000
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Grace?
Commercial property in Grace, ID asks an average of $0 per square foot.
What zoning applies to commercial property in Grace?
Grace, ID zones 667 acres across 9 districts, of which 29.6% is commercial and 17.9% industrial. The largest single district is Single Family Residential at 24.2% of zoned land. The purpose of this Zone is to preserve residential neighborhoods, to prevent overcrowding of the land and to encourage the development of low density areas which are best suited for residential purposes. Residential zoning covers 24.2% and open space 0.3%.
Where does Realmo's Grace market data come from?
Realmo compiles Grace, ID figures from 10 active sale listings, 65 tracked off-market properties, the current Grace zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Grace, ID. 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: 667 zoned acres across 9 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 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West 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 30 September 2026 · report a data issue
