Commercial Real Estate Market in Wallowa, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
10 active listings and 67 off-market properties in Wallowa, OR.
Market Trends
Wallowa, OR spans 316.5 square miles in Wallowa County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Wallowa, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Wallowa, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Wallowa, 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 Wallowa, 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 55.5%
- Commercial 24.9%
- Industrial 19.6%
Largest Zones share of zoned land by district
Residential
Residential Commercial
Commercial Industrial
Urban Growth Residential
Commercial
Wallowa, OR zones 585 acres across 5 districts. Commercial zoning covers 24.9% of zoned land, residential 55.5% and industrial 19.6%. The largest single district is Residential at 37.3%. For commercial buyers the practical constraint is that only 44.5% of land carries a commercial or industrial designation.
Residential Commercial (RC)
This district is intended to provide residential, commercial and related uses
Market overview
Demographics & Economy
Wallowa, OR has 1,370 residents in 643 households. Density runs 4 people per square mile. Median household income here is $77,708 and median gross rent $839 a month.
1,370
Population
643
Households
2.1
Avg Household Size
53
Median Age
22%
College-Educated
99%
High-School Grad
316.5 sq mi
ZIP Area
4
Density / Sq Mi
$77,708
Median Household Income
$39,048
Median Earnings
$839
Median Rent
$359,000
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Wallowa?
Commercial property in Wallowa, OR asks an average of $233 per square foot.
What zoning applies to commercial property in Wallowa?
Wallowa, OR zones 585 acres across 5 districts, of which 24.9% is commercial and 19.6% industrial. The largest single district is Residential at 37.3% of zoned land. Residential zoning covers 55.5% and open space 0%.
Where does Realmo's Wallowa market data come from?
Realmo compiles Wallowa, OR figures from 10 active sale listings, 67 tracked off-market properties, the current Wallowa zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Wallowa, 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: 585 zoned acres across 5 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 · How Realmo checks market page data · Report a data issue
