Commercial Real Estate Market in Medford, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 83 off-market properties in Medford, MN.
Market Trends
Medford, MN spans 46.3 square miles in Steele County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Medford, 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 Medford, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Medford, 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 Medford, 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 68.8%
- Commercial 30.5%
- Industrial 0.7%
Largest Zones share of zoned land by district
Residential
Regional Commercial
Multifamily Residential
Community Commercial
Industrial
Medford, MN zones 761 acres across 6 districts. Commercial zoning covers 30.5% of zoned land, residential 68.8% and industrial 0.7%. The largest single district is Residential at 66.5%. For commercial buyers the practical constraint is that only 31.2% of land carries a commercial or industrial designation.
Residential (R-1)
SECTION 4.25. RESIDENTIAL DISTRICT (R-1). Subd. 1. Purpose. The purpose of a Residential District (R -1) is to allow low -density single -family dwelling units in the developing portions of the City where City sewer and water is available. All dwelling units in an R-1 District shall be required to hook up to City sewer and water services. Subd. 2. Permitted…
Market overview
Demographics & Economy
Medford, MN has 2,619 residents in 989 households. Density runs 57 people per square mile. Median household income here is $90,700 and median gross rent $1,250 a month.
2,619
Population
989
Households
2.6
Avg Household Size
39
Median Age
21%
College-Educated
85%
High-School Grad
46.3 sq mi
ZIP Area
57
Density / Sq Mi
$90,700
Median Household Income
$46,287
Median Earnings
$1,250
Median Rent
$233,100
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Medford?
Medford, MN zones 761 acres across 6 districts, of which 30.5% is commercial and 0.7% industrial. The largest single district is Residential at 66.5% of zoned land. SECTION 4.25. RESIDENTIAL DISTRICT (R-1). Subd. 1. Purpose. The purpose of a Residential District (R -1) is to allow low -density single -family dwelling units in the developing portions of the City where City sewer and water is available. All dwelling units in an R-1 District shall be required to hook up to City sewer and water services. Subd. 2. Permitted… Residential zoning covers 68.8% and open space 0%.
Where does Realmo's Medford market data come from?
Realmo compiles Medford, MN figures from 5 recent recorded sales, 1 active sale listings, 83 tracked off-market properties, the current Medford 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 Medford, 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: 761 zoned acres across 6 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
