Commercial Real Estate Market in Norborne, MO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 61 off-market properties in Norborne, MO.
Market Trends
Norborne, MO spans 161.1 square miles in Carroll County, Missouri. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Norborne, 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 Norborne, MO runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Norborne, 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 Norborne, 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 52.7%
- Industrial 17.9%
- Agricultural 16.1%
- Commercial 10.9%
- Residential 2.4%
Largest Zones share of zoned land by district
Single Family Residence
Manufacturing And Agriculture Business
Open Space And Agricultural
Highway Oriented Commercial
Public Zone
Single Family Residence (R-1)
This district is intended to provide for residential development of spacious character, together with such public buildings, schools, churches, public recreational facilities and accessory uses as may be necessary or are normally compatible with residential surroundings.
Market overview
Demographics & Economy
Norborne, MO has 1,258 residents in 770 households. Density runs 8 people per square mile. Median household income here is $66,389 and median gross rent $830 a month.
1,258
Population
770
Households
1.6
Avg Household Size
47
Median Age
17%
College-Educated
93%
High-School Grad
161.1 sq mi
ZIP Area
8
Density / Sq Mi
$66,389
Median Household Income
$35,781
Median Earnings
$830
Median Rent
$104,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dover | — | — |
| Hardin | — | — |
| Stet | — | — |
| Carrollton | — | — |
Frequently Asked Questions
Where does Realmo's Norborne market data come from?
Realmo compiles Norborne, MO figures from 1 active sale listings, 61 tracked off-market properties, the current Norborne 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 Norborne, 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: 416 zoned acres across 8 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
