Commercial Real Estate Market in Afton, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 142 off-market properties in Afton, IA.
Market Trends
Afton, IA spans 121.5 square miles in Union County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Afton, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Afton, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Afton, IA 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 Afton, IA 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 44.5%
- Agricultural 37.4%
- Industrial 18.1%
Largest Zones share of zoned land by district
Residential Single Family District
Agricultural District
Light Industrial District
Business Commercial District
Residential Multifamily District
Light Industrial District (LI)
Structures Only) 165.26 LI Light Industrial District 165.10 Nonconforming Structures 165.27 HI Heavy Industrial District 165.11 Nonconforming Uses of Structures or of Structures 165.28 Supplementary District Regulations And Premises in Combination 165.29 Duties on Matters of Appeal 165.12 Repairs and Maintenance 165.30 Amendments 165.13 Uses under Special Ex…
Market overview
Demographics & Economy
Afton, IA has 1,667 residents in 744 households. Density runs 14 people per square mile. Median household income here is $63,472 and median gross rent $600 a month.
1,667
Population
744
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
87%
High-School Grad
121.5 sq mi
ZIP Area
14
Density / Sq Mi
$63,472
Median Household Income
$39,405
Median Earnings
$600
Median Rent
$114,200
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
Where does Realmo's Afton market data come from?
Realmo compiles Afton, IA figures from 2 active sale listings, 142 tracked off-market properties, the current Afton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Afton, IA. 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: 672 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 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
