Commercial Real Estate Market in Mendon, VT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 36 off-market properties in Mendon, VT.
Market Trends
Mendon, VT spans 67.7 square miles in Rutland County, Vermont. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mendon, VT runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Mendon, VT runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Mendon, VT runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Mendon, VT asks $135/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 47.4%
- Agricultural 30.4%
- Residential 19.2%
- Mixed use 1.8%
- Commercial 1.2%
Largest Zones share of zoned land by district
Protected Land
Rural
Residential 2
Residential 1
Village
Protected Land (PL)
The Protected Land Districts includes areas owned by federal, state, and local governmental entities (including but not limited to Rutland City Forest, Coolidge State Forest, Jeffords State Forest, Aitken State Forrest and Green Mountain National Forest) and the land along Route 4 between the Village District and The Commercial District
Market overview
Demographics & Economy
Mendon, VT has 20,349 residents in 10,528 households. Density runs 300 people per square mile. Median household income here is $58,744 and median gross rent $963 a month.
20,349
Population
10,528
Households
1.9
Avg Household Size
48
Median Age
34%
College-Educated
93%
High-School Grad
67.7 sq mi
ZIP Area
300
Density / Sq Mi
$58,744
Median Household Income
$41,391
Median Earnings
$963
Median Rent
$202,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rutland Town | — | — |
| Proctor | — | — |
| Center Rutland | — | — |
| Pittsford | — | — |
Frequently Asked Questions
Where does Realmo's Mendon market data come from?
Realmo compiles Mendon, VT figures from 6 recent recorded sales, 4 active sale listings, 36 tracked off-market properties, the current Mendon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Mendon, VT. 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: 24,408 zoned acres across 6 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 Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast 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
