Commercial Real Estate Market in Emerado, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 183 off-market properties in Emerado, ND.
Market Trends
Emerado, ND spans 107.0 square miles in Grand Forks County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Emerado, 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 Emerado, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Emerado, 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 Emerado, 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 71.8%
- Commercial 17.7%
- Industrial 1.9%
Largest Zones share of zoned land by district
Single Family Residential
Mobile Home Residential
Commercial
Multifamily Residential
No Zoning
Emerado, ND zones 175 acres across 8 districts. Commercial zoning covers 17.7% of zoned land, residential 71.8% and industrial 1.9%. The largest single district is Single Family Residential at 32.4%. For commercial buyers the practical constraint is that only 19.7% of land carries a commercial or industrial designation.
Single Family Residential (R1)
The purpose of this zone is to accommodate Residential Districts, Single-Family
Market overview
Demographics & Economy
Emerado, ND has 936 residents in 477 households. Density runs 9 people per square mile. Median household income here is $66,339 and median gross rent $735 a month.
936
Population
477
Households
2
Avg Household Size
37
Median Age
27%
College-Educated
91%
High-School Grad
107 sq mi
ZIP Area
9
Density / Sq Mi
$66,339
Median Household Income
$44,228
Median Earnings
$735
Median Rent
$176,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Grand Forks AFB | — | — |
| Arvilla | — | — |
| Mekinock | — | — |
| Honeyford | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Emerado?
Emerado, ND zones 175 acres across 8 districts, of which 17.7% is commercial and 1.9% industrial. The largest single district is Single Family Residential at 32.4% of zoned land. The purpose of this zone is to accommodate Residential Districts, Single-Family Residential zoning covers 71.8% and open space 0%.
Where does Realmo's Emerado market data come from?
Realmo compiles Emerado, ND figures from 1 active sale listings, 183 tracked off-market properties, the current Emerado zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Emerado, 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: 175 zoned acres across 8 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
