Commercial Real Estate Market in Melrose, MT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
217 active listings and 2,445 off-market properties in Melrose, MT. Commercial property asks $89/SF to buy and $15.50/SF/Yr to lease.
Market Trends
Melrose, MT spans 209.7 square miles in Silver Bow County, Montana. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Melrose, MT asks $125/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Melrose, MT asks $38/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Melrose, 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 Melrose, MT runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
Melrose, MT has 190 residents in 135 households. Density runs 1 people per square mile. Median household income here is $50,938 and median gross rent $943 a month.
190
Population
135
Households
1.4
Avg Household Size
56
Median Age
29%
College-Educated
73%
High-School Grad
209.7 sq mi
ZIP Area
1
Density / Sq Mi
$50,938
Median Household Income
$19,028
Median Earnings
$943
Median Rent
$484,600
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Melrose?
Commercial property in Melrose, MT asks an average of $89 per square foot. Office carries the highest asking price at $125/SF.
How much does it cost to lease commercial space in Melrose?
Asking lease rates in Melrose, MT average $15.50 per square foot per year.
Where does Realmo's Melrose market data come from?
Realmo compiles Melrose, MT figures from 209 active sale listings, 8 active lease listings, 2,445 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 209 active for-sale and 8 active for-lease listings in Melrose, 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.
- 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
