Commercial Real Estate Market in Belfield, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 586 off-market properties in Belfield, ND.
Market Trends
Belfield, ND spans 533.9 square miles in Stark County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Belfield, ND runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Belfield, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Belfield, ND 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 Belfield, ND 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
- Residential 23.2%
- Industrial 9.1%
- Commercial 6.3%
- Agricultural 4%
- Open space 2.4%
Largest Zones share of zoned land by district
No Zoning
Light Industrial
Apartments
Commercial
Mobile Home Park
Light Industrial (I)
It is the intent of these district regulations to provide for the best location of heavy commercial and industrial uses which would be incompatible with other uses
Market overview
Demographics & Economy
Belfield, ND has 1,828 residents in 874 households. Density runs 3 people per square mile. Median household income here is $77,778 and median gross rent $1,087 a month.
1,828
Population
874
Households
2.1
Avg Household Size
39
Median Age
22%
College-Educated
95%
High-School Grad
533.9 sq mi
ZIP Area
3
Density / Sq Mi
$77,778
Median Household Income
$41,979
Median Earnings
$1,087
Median Rent
$218,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fryburg | — | — |
| South Heart | — | — |
| Medora | — | — |
| New Hradec | — | — |
Commercial property in Belfield, ND asks $212/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Belfield?
Commercial property in Belfield, ND asks an average of $212 per square foot.
Where does Realmo's Belfield market data come from?
Realmo compiles Belfield, ND figures from 2 recent recorded sales, 6 active sale listings, 586 tracked off-market properties, the current Belfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Belfield, ND. 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: 1,047 zoned acres across 12 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
