Commercial Real Estate Market in Casselton, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
28 active listings and 128 off-market properties in Casselton, ND.
Market Trends
Casselton, ND spans 73.3 square miles in Cass County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Casselton, 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 Casselton, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Casselton, 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 Casselton, 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 83.6%
- Industrial 6.9%
- Mixed use 4.5%
- Commercial 3.6%
- Open space 1.5%
Largest Zones share of zoned land by district
Agriculture
Mixed Use Residential
Heavy Industry
Light Industry
Agriculture And Commercial
Casselton, ND zones 8,996 acres across 12 districts. Commercial zoning covers 3.6% of zoned land, residential 83.6%, open space 1.5% and industrial 6.9%. The largest single district is Agriculture at 82.3%. For commercial buyers the practical constraint is that only 10.5% of land carries a commercial or industrial designation.
Agriculture (AG)
It is intended to provide for farming and the normal incidents of farming and to provide for limited residential development not to exceed 4 residences per quarter-quarter section of land.
Market overview
Demographics & Economy
Casselton, ND has 2,636 residents in 1,230 households. Density runs 36 people per square mile. Median household income here is $78,533 and median gross rent $764 a month.
2,636
Population
1,230
Households
2.1
Avg Household Size
37
Median Age
38%
College-Educated
96%
High-School Grad
73.3 sq mi
ZIP Area
36
Density / Sq Mi
$78,533
Median Household Income
$57,541
Median Earnings
$764
Median Rent
$307,500
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Casselton?
Casselton, ND zones 8,996 acres across 12 districts, of which 3.6% is commercial and 6.9% industrial. The largest single district is Agriculture at 82.3% of zoned land. It is intended to provide for farming and the normal incidents of farming and to provide for limited residential development not to exceed 4 residences per quarter-quarter section of land. Residential zoning covers 83.6% and open space 1.5%.
Where does Realmo's Casselton market data come from?
Realmo compiles Casselton, ND figures from 8 recent recorded sales, 28 active sale listings, 128 tracked off-market properties, the current Casselton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 28 active for-sale and 0 active for-lease listings in Casselton, 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: 8,996 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
