Commercial Real Estate Market in Baker, MT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 376 off-market properties in Baker, MT.
Market Trends
Baker, MT spans 906.0 square miles in Fallon County, Montana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Baker, MT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Baker, MT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Baker, MT runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Baker, MT runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 56.6%
- Commercial 17.1%
- Open space 12.4%
- Industrial 10.7%
- Mixed use 3.2%
Largest Zones share of zoned land by district
One And Two Household Residential District
General Commercial District
Public Parks
Industrial District
Single Household Residential District
Baker, MT zones 619 acres across 9 districts. Commercial zoning covers 17.1% of zoned land, residential 56.6%, open space 12.4% and industrial 10.7%. The largest single district is One And Two Household Residential District at 43.4%. For commercial buyers the practical constraint is that only 27.8% of land carries a commercial or industrial designation.
One And Two Household Residential District (R-2)
The purpose and intent of the R-2 zoning district is to provide for one- and two-household residential areas served by adequate public service, and for neighborhood facilities to serve such development while preserving the residential quality and nature of the area.
Market overview
Demographics & Economy
Baker, MT has 2,592 residents in 1,223 households. Density runs 3 people per square mile. Median household income here is $72,452 and median gross rent $772 a month.
2,592
Population
1,223
Households
2.1
Avg Household Size
39
Median Age
13%
College-Educated
94%
High-School Grad
906 sq mi
ZIP Area
3
Density / Sq Mi
$72,452
Median Household Income
$52,061
Median Earnings
$772
Median Rent
$225,500
Median Home Value
Tools
Nearby Markets
Commercial property in Baker, MT asks $149/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Baker?
Commercial property in Baker, MT asks an average of $149 per square foot.
What zoning applies to commercial property in Baker?
Baker, MT zones 619 acres across 9 districts, of which 17.1% is commercial and 10.7% industrial. The largest single district is One And Two Household Residential District at 43.4% of zoned land. The purpose and intent of the R-2 zoning district is to provide for one- and two-household residential areas served by adequate public service, and for neighborhood facilities to serve such development while preserving the residential quality and nature of the area. Residential zoning covers 56.6% and open space 12.4%.
Where does Realmo's Baker market data come from?
Realmo compiles Baker, MT figures from 5 active sale listings, 376 tracked off-market properties, the current Baker zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Baker, MT. 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: 619 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 West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West 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
