Commercial Real Estate Market in Belmond, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 451 off-market properties in Belmond, IA.
Market Trends
Belmond, IA spans 91.9 square miles in Wright County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Belmond, 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 Belmond, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Belmond, 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 Belmond, 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
- Industrial 32.2%
- Agricultural 28.4%
- Civic 18.2%
- Residential 14.2%
- Open space 6.6%
- Planned_development 0.6%
Largest Zones share of zoned land by district
Agriculture
Heavy Industrial
Single Family Residential
Multifamily Residential
Floodplain
Floodplain (F)
The purpose of this zoning district is to provide Public and private park and recreational areas, to include parks, playgrounds, picnic grounds, golf courses and fishing lakes and boat docks.
Market overview
Demographics & Economy
Belmond, IA has 3,043 residents in 1,418 households. Density runs 33 people per square mile. Median household income here is $66,184 and median gross rent $805 a month.
3,043
Population
1,418
Households
2.1
Avg Household Size
44
Median Age
29%
College-Educated
97%
High-School Grad
91.9 sq mi
ZIP Area
33
Density / Sq Mi
$66,184
Median Household Income
$38,770
Median Earnings
$805
Median Rent
$121,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Goodell | — | — |
| Cornelia | — | — |
| Alexander | — | — |
| Rowan | — | — |
Commercial property in Belmond, IA asks $102/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Belmond?
Commercial property in Belmond, IA asks an average of $102 per square foot. The 6 most recent recorded sales traded at a median of $24/SF, so asking sits 331% above the achieved median.
Where does Realmo's Belmond market data come from?
Realmo compiles Belmond, IA figures from 6 recent recorded sales, 5 active sale listings, 451 tracked off-market properties, the current Belmond zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Belmond, 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: 1,831 zoned acres across 9 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
