Commercial Real Estate Market in Northome, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 48 off-market properties in Northome, MN.
Market Trends
Northome, MN spans 371.4 square miles in Koochiching County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Northome, 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 Northome, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Northome, 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 Northome, 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 32.2%
- Open space 27%
- Residential 23.1%
- Industrial 14.4%
- Commercial 3.3%
Largest Zones share of zoned land by district
Agricultural Forestry
Open Space
Residential
Manufacturing
Commercial
Agricultural Forestry (AF-I)
This district is dedicated to the continuation of forest prograrns, agricultural pursuits and related uses in those areas best suited for such activities. It is intended to encourage agriculture and forest management programs and also to recognize the value of the forest as a recreational resources by permitting as a special use certain recreational activiti…
Market overview
Demographics & Economy
Northome, MN has 880 residents in 683 households. Density runs 2 people per square mile. Median household income here is $68,393 and median gross rent $650 a month.
880
Population
683
Households
1.3
Avg Household Size
55
Median Age
20%
College-Educated
96%
High-School Grad
371.4 sq mi
ZIP Area
2
Density / Sq Mi
$68,393
Median Household Income
$33,750
Median Earnings
$650
Median Rent
$185,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mizpah | — | — |
| Bergville | — | — |
| Shooks | — | — |
| Forest Grove | — | — |
Frequently Asked Questions
Where does Realmo's Northome market data come from?
Realmo compiles Northome, MN figures from 1 active sale listings, 48 tracked off-market properties, the current Northome 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 Northome, 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: 963 zoned acres across 5 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
