Commercial Real Estate Market in Hector, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 94 off-market properties in Hector, MN.
Market Trends
Hector, MN spans 161.7 square miles in Renville County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hector, 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 Hector, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hector, 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 Hector, 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 54%
- Residential 30.6%
- Industrial 8.5%
- Commercial 6.9%
Largest Zones share of zoned land by district
Agriculture
Residential Single Family
Manufacturing
Highway Commercial
Central Business District
Agriculture (AG)
Establishment of zoning districts and provisions for official zoning map 151.081 Rules for interpretation of district boundaries 151.082 Rules for structures in districts 151.083 Manufactured principal dwellings 151.084 AG Agricultural District 151.085 R-1 One-Family Residential District 151.086 R-2 Multiple-Family Residential District 151.087 B-1 Central Bu…
Market overview
Demographics & Economy
Hector, MN has 1,788 residents in 937 households. Density runs 11 people per square mile. Median household income here is $63,257 and median gross rent $1,014 a month.
1,788
Population
937
Households
1.9
Avg Household Size
46
Median Age
15%
College-Educated
90%
High-School Grad
161.7 sq mi
ZIP Area
11
Density / Sq Mi
$63,257
Median Household Income
$36,795
Median Earnings
$1,014
Median Rent
$148,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Buffalo Lake | — | — |
| Bird Island | — | — |
| Stewart | — | — |
| Cosmos | — | — |
Commercial property in Hector, MN asks $5,453/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hector?
Commercial property in Hector, MN asks an average of $5,453 per square foot.
Where does Realmo's Hector market data come from?
Realmo compiles Hector, MN figures from 5 active sale listings, 94 tracked off-market properties, the current Hector zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Hector, 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: 978 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
