Commercial Real Estate Market in Morton, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 44 off-market properties in Morton, MN.
Market Trends
Morton, MN spans 48.2 square miles in Renville County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Morton, 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 Morton, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Morton, 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 Morton, 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
- Civic 46.3%
- Agricultural 41.2%
- Industrial 7.7%
- Commercial 4.8%
Largest Zones share of zoned land by district
Agriculture
Residential
Residential
Manufacturing
Highway Business
Agriculture (AG)
AG: Areas zoned agriculture throughout the city of Morton. Key to TIF Map Yellow highlighted lots: Parcels that are currently in the Tax Increment Financing (TIF) is a method of financing real estate development costs. This is to encourage developers to construct buildings or other private improvements, or to pay for public improvements, such as streets, sid…
Market overview
Demographics & Economy
Morton, MN has 1,197 residents in 482 households. Density runs 25 people per square mile. Median household income here is $64,286 and median gross rent $830 a month.
1,197
Population
482
Households
2.5
Avg Household Size
34
Median Age
13%
College-Educated
92%
High-School Grad
48.2 sq mi
ZIP Area
25
Density / Sq Mi
$64,286
Median Household Income
$39,052
Median Earnings
$830
Median Rent
$103,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Franklin | — | — |
| Redwood Falls | — | — |
| Morgan | — | — |
| Delhi | — | — |
Frequently Asked Questions
Where does Realmo's Morton market data come from?
Realmo compiles Morton, MN figures from 1 active sale listings, 44 tracked off-market properties, the current Morton 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 Morton, 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: 763 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
