Commercial Real Estate Market in Canby, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 200 off-market properties in Canby, MN.
Market Trends
Canby, MN spans 274.7 square miles in Yellow Medicine County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Canby, 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 Canby, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Canby, 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 Canby, 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
- Agricultural 57%
- Residential 32.2%
- Industrial 7.6%
- Commercial 3.3%
Largest Zones share of zoned land by district
Agriculture
Residential
Residential
Industrial
Industrial
Market overview
Demographics & Economy
Canby, MN has 2,851 residents in 1,372 households. Density runs 10 people per square mile. Median household income here is $60,185 and median gross rent $615 a month.
2,851
Population
1,372
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
96%
High-School Grad
274.7 sq mi
ZIP Area
10
Density / Sq Mi
$60,185
Median Household Income
$43,706
Median Earnings
$615
Median Rent
$162,500
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
Where does Realmo's Canby market data come from?
Realmo compiles Canby, MN figures from 1 active sale listings, 200 tracked off-market properties, the current Canby zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Canby, 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: 1,414 zoned acres across 7 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
