Commercial Real Estate Market in Hamburg, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 13 off-market properties in Hamburg, MN.
Market Trends
Hamburg, MN spans 22.9 square miles in Carver County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hamburg, 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 Hamburg, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hamburg, 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 Hamburg, 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 69.1%
- Agricultural 18%
- Mixed use 7.3%
- Industrial 5.7%
Largest Zones share of zoned land by district
Single Family Residential
Restricted Agricultural
Downtown Business Mixed Use
General Industrial
Multiple Family Residential
Hamburg, MN zones 122 acres across 5 districts. The largest single district is Single Family Residential at 66.8%. For commercial buyers the practical constraint is that only 5.7% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
The purpose of R-1 zone is to provide area for single family detached residential homes consistent with the low density residential land use
Market overview
Demographics & Economy
Hamburg, MN has 1,004 residents in 398 households. Density runs 44 people per square mile. Median household income here is $88,929 and median gross rent $873 a month.
1,004
Population
398
Households
2.5
Avg Household Size
40
Median Age
17%
College-Educated
94%
High-School Grad
22.9 sq mi
ZIP Area
44
Density / Sq Mi
$88,929
Median Household Income
$51,151
Median Earnings
$873
Median Rent
$302,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Plato | — | — |
| Green Isle | — | — |
| Norwood Young America | — | — |
| Glencoe | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Hamburg?
Hamburg, MN zones 122 acres across 5 districts, of which 0% is commercial and 5.7% industrial. The largest single district is Single Family Residential at 66.8% of zoned land. The purpose of R-1 zone is to provide area for single family detached residential homes consistent with the low density residential land use Residential zoning covers 69.1% and open space 0%.
Where does Realmo's Hamburg market data come from?
Realmo compiles Hamburg, MN figures from 3 active sale listings, 13 tracked off-market properties, the current Hamburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Hamburg, 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: 122 zoned acres across 5 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
