Commercial Real Estate Market in Mayer, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 60 off-market properties in Mayer, MN.
Market Trends
Mayer, MN spans 30.6 square miles in Carver County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mayer, 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 Mayer, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mayer, 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 Mayer, 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 48.1%
- Planned_development 25.6%
- Civic 16.7%
- Commercial 4.9%
- Industrial 4.7%
Largest Zones share of zoned land by district
Low Density Residential
Low Density Residential And Planned Unit Development
Public Institutional
Commercial Industrial
General Commerce
Low Density Residential (R-1)
The purpose of R-1 zone is to provide fully or partially developed low density residential areas, including supporting public and semi public facilities
Market overview
Demographics & Economy
Mayer, MN has 3,387 residents in 1,158 households. Density runs 111 people per square mile. Median household income here is $118,036 and median gross rent $1,233 a month.
3,387
Population
1,158
Households
2.9
Avg Household Size
34
Median Age
34%
College-Educated
97%
High-School Grad
30.6 sq mi
ZIP Area
111
Density / Sq Mi
$118,036
Median Household Income
$58,623
Median Earnings
$1,233
Median Rent
$340,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Germany | — | — |
| Waconia | — | — |
| Watertown | — | — |
| Norwood Young America | — | — |
Frequently Asked Questions
Where does Realmo's Mayer market data come from?
Realmo compiles Mayer, MN figures from 5 recent recorded sales, 2 active sale listings, 60 tracked off-market properties, the current Mayer zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Mayer, 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: 905 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
