Commercial Real Estate Market in Gallatin, MO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
84 active listings and 191 off-market properties in Gallatin, MO.
Market Trends
Gallatin, MO spans 143.9 square miles in Daviess County, Missouri. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gallatin, MO runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Gallatin, MO runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Gallatin, MO 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 Gallatin, MO 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 50.6%
- Agricultural 11.9%
- Residential 10%
- Commercial 6.1%
- Industrial 4.6%
Largest Zones share of zoned land by district
Single Family Residential
No Zone
Multifamily Residential
Agriculture
Light Industry
Market overview
Demographics & Economy
Gallatin, MO has 3,168 residents in 1,802 households. Density runs 22 people per square mile. Median household income here is $56,250 and median gross rent $796 a month.
3,168
Population
1,802
Households
1.8
Avg Household Size
43
Median Age
22%
College-Educated
86%
High-School Grad
143.9 sq mi
ZIP Area
22
Density / Sq Mi
$56,250
Median Household Income
$36,020
Median Earnings
$796
Median Rent
$177,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lake Viking | — | — |
| Altamont | — | — |
| Jameson | — | — |
| Lock Springs | — | — |
Commercial property in Gallatin, MO asks $158/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gallatin?
Commercial property in Gallatin, MO asks an average of $158 per square foot.
Where does Realmo's Gallatin market data come from?
Realmo compiles Gallatin, MO figures from 84 active sale listings, 191 tracked off-market properties, the current Gallatin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 84 active for-sale and 0 active for-lease listings in Gallatin, MO. 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: 1,826 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
