Commercial Real Estate Market in Devils Lake, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
15 active listings and 2,436 off-market properties in Devils Lake, ND.
Market Trends
Devils Lake, ND spans 274.2 square miles in Ramsey County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Devils Lake, 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 Devils Lake, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Devils Lake, 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 Devils Lake, ND runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Devils Lake, ND has 10,105 residents in 5,040 households. Density runs 37 people per square mile. Median household income here is $58,688 and median gross rent $682 a month.
10,105
Population
5,040
Households
2
Avg Household Size
40
Median Age
27%
College-Educated
93%
High-School Grad
274.2 sq mi
ZIP Area
37
Density / Sq Mi
$58,688
Median Household Income
$37,611
Median Earnings
$682
Median Rent
$205,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Devils Lk | — | — |
| Saint Michael | — | — |
| Penn | — | — |
| Crary | — | — |
Commercial property in Devils Lake, ND asks $277/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Devils Lake?
Commercial property in Devils Lake, ND asks an average of $277 per square foot.
Where does Realmo's Devils Lake market data come from?
Realmo compiles Devils Lake, ND figures from 6 recent recorded sales, 14 active sale listings, 1 active lease listings, 2,436 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 1 active for-lease listings in Devils Lake, 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.
- 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
