Commercial Real Estate Market in Athena, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
7 active listings and 66 off-market properties in Athena, OR.
Market Trends
Athena, OR spans 53.8 square miles in Umatilla County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Athena, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Athena, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Athena, OR runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Athena, OR runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 63.7%
- Industrial 18.8%
- Agricultural 11.3%
- Commercial 5.4%
- Open space 0.8%
Largest Zones share of zoned land by district
General Residential
General Industrial
Suburban Residential County
Agriculture And Open Space
Suburban Residential
Athena, OR zones 404 acres across 10 districts. Commercial zoning covers 5.4% of zoned land, residential 63.7%, open space 0.8% and industrial 18.8%. The largest single district is General Residential at 47.4%. For commercial buyers the practical constraint is that only 24.2% of land carries a commercial or industrial designation.
General Residential (R-GEN)
B. General Residential R-GEN C. Residential-Commercial R-COM D. Central Commercial C-CEN E. General Industrial M-GEN F. Flood Hazard Overlay FH 2.12 LOCATION OF ZONES. The Zoning Map included in this Ordinance shows the location of the above Use Zones within the City of Athena and suggests zoning within the Urban Growth Area. One or more of the Use Zones may…
Market overview
Demographics & Economy
Athena, OR has 1,386 residents in 614 households. Density runs 26 people per square mile. Median household income here is $73,688 and median gross rent $868 a month.
1,386
Population
614
Households
2.3
Avg Household Size
44
Median Age
32%
College-Educated
93%
High-School Grad
53.8 sq mi
ZIP Area
26
Density / Sq Mi
$73,688
Median Household Income
$38,438
Median Earnings
$868
Median Rent
$217,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Milton Freewater | — | — |
| Milton-Freewater | — | — |
| Pendleton | — | — |
Commercial property in Athena, OR asks $165/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Athena?
Commercial property in Athena, OR asks an average of $165 per square foot.
What zoning applies to commercial property in Athena?
Athena, OR zones 404 acres across 10 districts, of which 5.4% is commercial and 18.8% industrial. The largest single district is General Residential at 47.4% of zoned land. B. General Residential R-GEN C. Residential-Commercial R-COM D. Central Commercial C-CEN E. General Industrial M-GEN F. Flood Hazard Overlay FH 2.12 LOCATION OF ZONES. The Zoning Map included in this Ordinance shows the location of the above Use Zones within the City of Athena and suggests zoning within the Urban Growth Area. One or more of the Use Zones may… Residential zoning covers 63.7% and open space 0.8%.
Where does Realmo's Athena market data come from?
Realmo compiles Athena, OR figures from 2 recent recorded sales, 7 active sale listings, 66 tracked off-market properties, the current Athena zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Athena, OR. 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: 404 zoned acres across 10 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 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West 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 30 September 2026 · report a data issue
