Commercial Real Estate Market in Forman, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 52 off-market properties in Forman, ND.
Market Trends
Forman, ND spans 108.3 square miles in Sargent County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Forman, 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 Forman, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Forman, 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 Forman, 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 35.5%
- Commercial 16.1%
- Agricultural 10.5%
- Industrial 8.7%
Largest Zones share of zoned land by district
Residential
No Zoning
Commercial
Agriculture
Industrial
Agriculture (A)
The process of producing food and fiber customary to the family farming operation with a minimum of 40 acres in area, excluding feedlots, processing and manufacturing of the farm-based products. "Alley" A minor street providing access to the back or side of two or more parcels or lots. “Alteration” As applied to a building or structure, is a change or rearra…
Market overview
Demographics & Economy
Forman, ND has 678 residents in 378 households. Density runs 6 people per square mile. Median household income here is $78,906 and median gross rent $748 a month.
678
Population
378
Households
1.8
Avg Household Size
48
Median Age
20%
College-Educated
91%
High-School Grad
108.3 sq mi
ZIP Area
6
Density / Sq Mi
$78,906
Median Household Income
$51,161
Median Earnings
$748
Median Rent
$151,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cogswell | — | — |
| Rutland | — | — |
| Gwinner | — | — |
| Stirum | — | — |
Commercial property in Forman, ND asks $47/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Forman?
Commercial property in Forman, ND asks an average of $47 per square foot.
Where does Realmo's Forman market data come from?
Realmo compiles Forman, ND figures from 2 active sale listings, 52 tracked off-market properties, the current Forman zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Forman, 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: 504 zoned acres across 7 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
