Commercial Real Estate Market in Madras, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
70 active listings and 658 off-market properties in Madras, OR.
Market Trends
Madras, OR spans 363.9 square miles in Jefferson County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Madras, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Madras, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Madras, 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 Madras, 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
- Industrial 36.2%
- Residential 28.9%
- Open space 19.4%
- Civic 5.9%
- Commercial 5.5%
- Mixed use 3.5%
- Agricultural 0.6%
Largest Zones share of zoned land by district
Airport Development
Open Space
Moderate Density Residential
Industrial
Planned Residential Development
Madras, OR zones 5,646 acres across 19 districts. Commercial zoning covers 5.5% of zoned land, residential 28.9%, open space 19.4% and industrial 36.2%. The largest single district is Airport Development at 19.6%. For commercial buyers the practical constraint is that only 41.7% of land carries a commercial or industrial designation.
Airport Development (AD)
The purpose of the Airport Development Zone is to provide land adjacent to airport facilities for future commercial and industrial uses which may be dependent on air transportation
Market overview
Demographics & Economy
Madras, OR has 13,753 residents in 4,777 households. Density runs 38 people per square mile. Median household income here is $69,696 and median gross rent $993 a month.
13,753
Population
4,777
Households
2.9
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
363.9 sq mi
ZIP Area
38
Density / Sq Mi
$69,696
Median Household Income
$37,641
Median Earnings
$993
Median Rent
$308,900
Median Home Value
Tools
Nearby Markets
Commercial property in Madras, OR asks $19/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Madras?
Commercial property in Madras, OR asks an average of $19 per square foot. The 6 most recent recorded sales traded at a median of $250/SF.
What zoning applies to commercial property in Madras?
Madras, OR zones 5,646 acres across 19 districts, of which 5.5% is commercial and 36.2% industrial. The largest single district is Airport Development at 19.6% of zoned land. The purpose of the Airport Development Zone is to provide land adjacent to airport facilities for future commercial and industrial uses which may be dependent on air transportation Residential zoning covers 28.9% and open space 19.4%.
Where does Realmo's Madras market data come from?
Realmo compiles Madras, OR figures from 6 recent recorded sales, 66 active sale listings, 4 active lease listings, 658 tracked off-market properties, the current Madras zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 66 active for-sale and 4 active for-lease listings in Madras, 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: 5,646 zoned acres across 19 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
