Commercial Real Estate Market in Conrad, MT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
11 active listings and 306 off-market properties in Conrad, MT.
Market Trends
Conrad, MT spans 549.6 square miles in Pondera County, Montana. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Conrad, MT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Conrad, MT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Conrad, 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 Conrad, 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 49.5%
- Commercial 25.8%
- Industrial 13.4%
Largest Zones share of zoned land by district
Residential B Zone
Commercial
Residential A Zone
Industrial
No Zoning
Conrad, MT zones 843 acres across 6 districts. Commercial zoning covers 25.8% of zoned land, residential 49.5% and industrial 13.4%. The largest single district is Residential B Zone at 26.6%. For commercial buyers the practical constraint is that only 39.2% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Conrad, MT has 3,515 residents in 1,771 households. Density runs 6 people per square mile. Median household income here is $50,000 and median gross rent $869 a month.
3,515
Population
1,771
Households
2
Avg Household Size
44
Median Age
22%
College-Educated
87%
High-School Grad
549.6 sq mi
ZIP Area
6
Density / Sq Mi
$50,000
Median Household Income
$29,658
Median Earnings
$869
Median Rent
$190,500
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Conrad?
Commercial property in Conrad, MT asks an average of $116 per square foot.
What zoning applies to commercial property in Conrad?
Conrad, MT zones 843 acres across 6 districts, of which 25.8% is commercial and 13.4% industrial. The largest single district is Residential B Zone at 26.6% of zoned land. Residential zoning covers 49.5% and open space 0%.
Where does Realmo's Conrad market data come from?
Realmo compiles Conrad, MT figures from 11 active sale listings, 306 tracked off-market properties, the current Conrad zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 0 active for-lease listings in Conrad, 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: 843 zoned acres across 6 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 30 September 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 30 September 2026 · report a data issue
