Commercial Real Estate Market in Parker, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 110 off-market properties in Parker, SD.
Market Trends
Parker, SD spans 142.7 square miles in Turner County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Parker, SD runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Parker, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Parker, SD runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Parker, SD runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 56.3%
- Industrial 21.2%
- Commercial 12.7%
- Agricultural 5.9%
- Special 2.9%
Largest Zones share of zoned land by district
Residential
Light Industrial
General Business
General Industrial
Agricultural
Parker, SD zones 754 acres across 8 districts. Commercial zoning covers 12.7% of zoned land, residential 56.3% and industrial 21.2%. The largest single district is Residential at 56.3%. For commercial buyers the practical constraint is that only 33.9% of land carries a commercial or industrial designation.
Agricultural (A)
A: AGRICULTURAL DISTRICT PURPOSE The purpose of this district is to preserve lands best suited for agricultural use from encroachment by incompatible uses, and to preserve in agricultural use land suited for eventual development to other uses, pending proper timing for practical and economical provision of utilities, streets and other municipal facilities. P…
Market overview
Demographics & Economy
Parker, SD has 2,110 residents in 881 households. Density runs 15 people per square mile. Median household income here is $92,708 and median gross rent $929 a month.
2,110
Population
881
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
93%
High-School Grad
142.7 sq mi
ZIP Area
15
Density / Sq Mi
$92,708
Median Household Income
$50,028
Median Earnings
$929
Median Rent
$255,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Marion | — | — |
| Monroe | — | — |
| Chancellor | — | — |
| Hurley | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Parker?
Parker, SD zones 754 acres across 8 districts, of which 12.7% is commercial and 21.2% industrial. The largest single district is Residential at 56.3% of zoned land. Residential zoning covers 56.3% and open space 0%.
Where does Realmo's Parker market data come from?
Realmo compiles Parker, SD figures from 1 active sale listings, 110 tracked off-market properties, the current Parker zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Parker, SD. 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: 754 zoned acres across 8 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 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest 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 August 2026 · report a data issue
