Commercial Real Estate Market in Afton, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
9 active listings and 42 off-market properties in Afton, MN.
Market Trends
Afton, MN spans 27.0 square miles in Washington County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Afton, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Afton, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Afton, MN 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 Afton, MN 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 47.9%
- Agricultural 44.4%
- Open space 5.3%
- Industrial 2%
- Commercial 0.4%
Largest Zones share of zoned land by district
Rural Residential
Agriculture
State Park
Agriculture Preserve
Industrial
Agriculture (A)
The Ag Zoning District is intended to recognize land in the city that is primarily rural in character with the primary land use being farming or agriculture
Market overview
Demographics & Economy
Afton, MN has 2,995 residents in 1,221 households. Density runs 111 people per square mile. Median household income here is $130,625.
2,995
Population
1,221
Households
2.5
Avg Household Size
50
Median Age
60%
College-Educated
99%
High-School Grad
27 sq mi
ZIP Area
111
Density / Sq Mi
$130,625
Median Household Income
$69,844
Median Earnings
$0
Median Rent
$654,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| St Marys Point | — | — |
| Lake Saint Croix Beach | — | — |
| Lakeland Shores | — | — |
| Lakeland | — | — |
Frequently Asked Questions
Where does Realmo's Afton market data come from?
Realmo compiles Afton, MN figures from 2 recent recorded sales, 8 active sale listings, 1 active lease listings, 42 tracked off-market properties, the current Afton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 1 active for-lease listings in Afton, MN. 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: 16,221 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
