Commercial Real Estate Market in Kenyon, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Kenyon, MN spans 131.3 square miles in Goodhue County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Kenyon, 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 Kenyon, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Kenyon, 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 Kenyon, 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 87.3%
- Industrial 10.6%
- Commercial 2.1%
Largest Zones share of zoned land by district
Agricultural
One And Two Family Residential
Industrial
One And Two Family Residential
Multifamily Residential
Kenyon, MN zones 1,487 acres across 9 districts. Commercial zoning covers 2.1% of zoned land, residential 87.3% and industrial 10.6%. The largest single district is Agricultural at 56.1%. For commercial buyers the practical constraint is that only 12.6% of land carries a commercial or industrial designation.
One And Two Family Residential (R1)
The purpose of the R-1 district is to allow low-density single family and two-family dwelling units in the developing portions of the city where city sewer and water is available.
Market overview
Demographics & Economy
Kenyon, MN has 3,288 residents in 1,398 households. Density runs 25 people per square mile. Median household income here is $80,461 and median gross rent $872 a month.
3,288
Population
1,398
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
95%
High-School Grad
131.3 sq mi
ZIP Area
25
Density / Sq Mi
$80,461
Median Household Income
$44,958
Median Earnings
$872
Median Rent
$240,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Moland | — | — |
| Bombay | — | — |
| Nerstrand | — | — |
| West Concord | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Kenyon?
Kenyon, MN zones 1,487 acres across 9 districts, of which 2.1% is commercial and 10.6% industrial. The largest single district is Agricultural at 56.1% of zoned land. Residential zoning covers 87.3% and open space 0%.
Where does Realmo's Kenyon market data come from?
Realmo compiles Kenyon, MN figures from 8 recent recorded sales, 118 tracked off-market properties, the current Kenyon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- 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: 1,487 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 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
