Commercial Real Estate Market in Baxter, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 131 off-market properties in Baxter, IA.
Market Trends
Baxter, IA spans 45.3 square miles in Jasper County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Baxter, 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 Baxter, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Baxter, 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 space in Baxter, IA asks $124/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 60.1%
- Civic 30.8%
- Commercial 4.9%
- Industrial 4.2%
Largest Zones share of zoned land by district
Low Density Single Family Residential District
Residence Agriculture And Open Space
Residential Acreage District
Central Business
Multifamily Residential District
Low Density Single Family Residential District (R-1)
This district is intended to provide a district that will allow new residential development in the R-1 District in those areas where such development fits the Baxter Land Use Plan and policies, and where municipal utilities are available
Market overview
Demographics & Economy
Baxter, IA has 1,608 residents in 776 households. Density runs 36 people per square mile. Median household income here is $70,982 and median gross rent $697 a month.
1,608
Population
776
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
45.3 sq mi
ZIP Area
36
Density / Sq Mi
$70,982
Median Household Income
$50,156
Median Earnings
$697
Median Rent
$197,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Harvester | — | — |
| Clyde | — | — |
| Ira | — | — |
| Mingo | — | — |
Commercial property in Baxter, IA asks $168/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Baxter?
Commercial property in Baxter, IA asks an average of $168 per square foot. Multifamily carries the highest asking price at $124/SF.
Where does Realmo's Baxter market data come from?
Realmo compiles Baxter, IA figures from 21 active sale listings, 131 tracked off-market properties, the current Baxter zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 0 active for-lease listings in Baxter, 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: 418 zoned acres across 7 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
