Commercial Real Estate Market in Northwood, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Northwood, ND spans 233.7 square miles in Grand Forks County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Northwood, 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 Northwood, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Northwood, 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 Northwood, 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
- Agricultural 85.1%
- Residential 8.3%
- Industrial 4.6%
- Commercial 1.9%
Largest Zones share of zoned land by district
Agricultural
Residential
Industrial
Commercial
Residential And Agricultural
Agricultural (A)
The Intent of this to promote Agricultural Uses
Market overview
Demographics & Economy
Northwood, ND has 1,557 residents in 611 households. Density runs 7 people per square mile. Median household income here is $87,500 and median gross rent $758 a month.
1,557
Population
611
Households
2.5
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
233.7 sq mi
ZIP Area
7
Density / Sq Mi
$87,500
Median Household Income
$50,795
Median Earnings
$758
Median Rent
$203,500
Median Home Value
Tools
Nearby Markets
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: 2,845 zoned acres across 6 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
