Commercial Real Estate Market in Grafton, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Grafton, ND spans 250.3 square miles in Walsh County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grafton, 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 Grafton, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Grafton, 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 Grafton, 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 42.9%
- Industrial 36.4%
- Commercial 10.1%
- Agricultural 8.4%
Largest Zones share of zoned land by district
Industrial
Residential One And Two Family
Residential Single Family
General Business District
Agricultural
Grafton, ND zones 2,344 acres across 11 districts. Commercial zoning covers 10.1% of zoned land, residential 42.9% and industrial 36.4%. The largest single district is Industrial at 29.4%. For commercial buyers the practical constraint is that only 46.5% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Grafton, ND has 5,269 residents in 2,356 households. Density runs 21 people per square mile. Median household income here is $68,056 and median gross rent $725 a month.
5,269
Population
2,356
Households
2.2
Avg Household Size
42
Median Age
18%
College-Educated
85%
High-School Grad
250.3 sq mi
ZIP Area
21
Density / Sq Mi
$68,056
Median Household Income
$42,450
Median Earnings
$725
Median Rent
$154,900
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Grafton?
Grafton, ND zones 2,344 acres across 11 districts, of which 10.1% is commercial and 36.4% industrial. The largest single district is Industrial at 29.4% of zoned land. Residential zoning covers 42.9% and open space 0%.
Methodology & data sources
- 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: 2,344 zoned acres across 11 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
