Commercial Real Estate Market in Monmouth, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
10 active listings and 316 off-market properties in Monmouth, OR.
Market Trends
Monmouth, OR spans 132.9 square miles in Polk County, Oregon. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Monmouth, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail vacancy in Monmouth, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Monmouth, 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%.
Multifamily
Multifamily vacancy in Monmouth, OR runs 8.6% across the West region in 2025, up from 7% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 51.3%
- Civic 27.7%
- Industrial 8.5%
- Mixed use 7.5%
- Commercial 5.1%
Largest Zones share of zoned land by district
The purpose of the low-density residential (RS) zone is to define and protect areas suitable for low-density residential uses. (2) The purpose of the medium-density residential (RM) zone is to define and protect areas suitable for medium density residential uses. (3) The purpose of the high-density residential (RH) zone is to define and protect areas suitabl…
Market overview
Demographics & Economy
Monmouth, OR has 13,412 residents in 4,858 households. Density runs 101 people per square mile. Median household income here is $70,625 and median gross rent $1,128 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Dallas | $189 | — |
| Salem | $210 | $22.87 |
| Keizer | $242 | — |
Commercial property in Monmouth, OR asks $192/SF. The 3 bordering markets run from $189/SF in Dallas to $242/SF in Keizer, and the city sits below their $210/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Monmouth?
How does Monmouth compare to nearby markets on price?
Where does Realmo's Monmouth market data come from?
Methodology & data sources
- Asking prices and medians
- There are 8 active for-sale and 2 active for-lease listings in Monmouth, OR. The sale median is based on 4 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 1,245 zoned acres across 15 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 October 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 31 October 2026 · How Realmo checks market page data · Report a data issue
