Commercial Real Estate Market in Okanogan, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6 active listings and 205 off-market properties in Okanogan, WA.
Market Trends
Okanogan, WA spans 533.0 square miles in Okanogan County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Okanogan, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Okanogan, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Okanogan, WA 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 Okanogan, WA 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
- Commercial 36.7%
- Residential 34%
- Special 14.1%
- Industrial 10.3%
Largest Zones share of zoned land by district
Residential One
Commercial Two
Airport
Commercial Three
Commercial One
Okanogan, WA zones 1,573 acres across 15 districts. Commercial zoning covers 36.7% of zoned land, residential 34% and industrial 10.3%. The largest single district is Residential One at 21.9%. For commercial buyers the practical constraint is that only 47% of land carries a commercial or industrial designation.
Residential One (R1)
RESIDENTIAL ONE DISTRICT (R-1) § 18.16.010 Intent. § 18.16.020 Uses allowed outright. § 18.16.030 Uses allowed by conditional use permit. § 18.16.040 General standards. § 18.16.050 Exceptions. § 18.16.010 Intent. The intent of the R-1 district is to provide an appropriately classified area exclusively for single-family residences. This district may be used i…
Market overview
Demographics & Economy
Okanogan, WA has 4,731 residents in 2,258 households. Density runs 9 people per square mile. Median household income here is $67,634 and median gross rent $967 a month.
4,731
Population
2,258
Households
2.1
Avg Household Size
43
Median Age
22%
College-Educated
91%
High-School Grad
533 sq mi
ZIP Area
9
Density / Sq Mi
$67,634
Median Household Income
$38,376
Median Earnings
$967
Median Rent
$251,700
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Okanogan?
Commercial property in Okanogan, WA asks an average of $141 per square foot. The 5 most recent recorded sales traded at a median of $150/SF.
What zoning applies to commercial property in Okanogan?
Okanogan, WA zones 1,573 acres across 15 districts, of which 36.7% is commercial and 10.3% industrial. The largest single district is Residential One at 21.9% of zoned land. RESIDENTIAL ONE DISTRICT (R-1) § 18.16.010 Intent. § 18.16.020 Uses allowed outright. § 18.16.030 Uses allowed by conditional use permit. § 18.16.040 General standards. § 18.16.050 Exceptions. § 18.16.010 Intent. The intent of the R-1 district is to provide an appropriately classified area exclusively for single-family residences. This district may be used i… Residential zoning covers 34% and open space 0%.
Where does Realmo's Okanogan market data come from?
Realmo compiles Okanogan, WA figures from 5 recent recorded sales, 6 active sale listings, 205 tracked off-market properties, the current Okanogan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Okanogan, WA. 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: 1,573 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 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
