Commercial Real Estate Market in Philomath, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
21 active listings and 259 off-market properties in Philomath, OR.
Market Trends
Philomath, OR spans 178.5 square miles in Benton County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Philomath, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Philomath, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Philomath, 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 Philomath, 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 54.3%
- Industrial 31.6%
- Mixed use 4.6%
Largest Zones share of zoned land by district
Low Density Residential
Industrial Park
Medium Density Residential
High Density Residential
Heavy Industrial
Philomath, OR zones 1,414 acres across 11 districts. The largest single district is Low Density Residential at 28.4%. For commercial buyers the practical constraint is that only 31.6% of land carries a commercial or industrial designation.
Low Density Residential (R-1)
Owner-Occupied. The primary or accessory dwelling shall be owner-occupied when located within the low density residential R-1 zone. Alternatively, the owner may appoint a family member as a resident caretaker of the principal house and manager of the accessory dwelling; 3. One Unit. A maximum of one accessory dwelling unit is allowed per lot; 4. Floor Area.…
Market overview
Demographics & Economy
Philomath, OR has 9,320 residents in 4,302 households. Density runs 52 people per square mile. Median household income here is $87,198 and median gross rent $1,353 a month.
9,320
Population
4,302
Households
2.2
Avg Household Size
41
Median Age
47%
College-Educated
97%
High-School Grad
178.5 sq mi
ZIP Area
52
Density / Sq Mi
$87,198
Median Household Income
$43,330
Median Earnings
$1,353
Median Rent
$424,600
Median Home Value
Tools
Nearby Markets
Commercial property in Philomath, OR asks $13/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Philomath?
Commercial property in Philomath, OR asks an average of $13 per square foot. The 3 most recent recorded sales traded at a median of $255/SF.
What zoning applies to commercial property in Philomath?
Philomath, OR zones 1,414 acres across 11 districts, of which 0% is commercial and 31.6% industrial. The largest single district is Low Density Residential at 28.4% of zoned land. Owner-Occupied. The primary or accessory dwelling shall be owner-occupied when located within the low density residential R-1 zone. Alternatively, the owner may appoint a family member as a resident caretaker of the principal house and manager of the accessory dwelling; 3. One Unit. A maximum of one accessory dwelling unit is allowed per lot; 4. Floor Area.… Residential zoning covers 54.3% and open space 0%.
Where does Realmo's Philomath market data come from?
Realmo compiles Philomath, OR figures from 5 recent recorded sales, 18 active sale listings, 3 active lease listings, 259 tracked off-market properties, the current Philomath zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 3 active for-lease listings in Philomath, 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: 1,414 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 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
