Commercial Real Estate Market in Boone, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
14 active listings and 1,125 off-market properties in Boone, IA.
Market Trends
Boone, IA spans 191.7 square miles in Boone County, Iowa. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Boone, IA has a median asking sale price of $46/SF (based on 5 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Boone, IA has a median asking sale price of $172/SF (based on 4 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Boone, IA has a median asking sale price of $46/SF (based on 3 listings). Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily space in Boone, IA has a median asking sale price of $116/SF (based on 4 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 57.2%
- Industrial 21.5%
- Agricultural 11.5%
- Commercial 9.7%
- Civic 0.2%
Largest Zones share of zoned land by district
Boone, IA zones 5,924 acres across 12 districts. Commercial zoning covers 9.7% of zoned land, residential 57.2% and industrial 21.5%. The largest single district is Single Family Residential at 30.2%. For commercial buyers the practical constraint is that only 31.2% of land carries a commercial or industrial designation.
RPOSE. 175.04 DEFINITIONS. 175.05 ESTABLISHMENT OF DISTRICTS AND PROVISION OF OFFICIAL ZONING MAP. 175.06 ZONING MAP. 175.07 INTERPRETATION OF STANDARDS AND BOUNDARIES. 175.08 A-1 AGRICULTURAL DISTRICT STANDARDS. 175.09 R-1 SINGLE-FAMILY RESIDENTIAL DISTRICT STANDARDS. 175.10 R-2 ONE- AND TWO-FAMILY RESIDENTIAL DISTRICT STANDARDS. 175.11 R-3 MULTI-FAMILY RES…
Market overview
Demographics & Economy
Boone, IA has 16,203 residents in 7,416 households. Density runs 85 people per square mile. Median household income here is $74,107 and median gross rent $804 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Boone?
What zoning applies to commercial property in Boone?
Where does Realmo's Boone market data come from?
Methodology & data sources
- Asking prices and medians
- There are 14 active for-sale and 0 active for-lease listings in Boone, IA. The sale median is based on 11 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 5,924 zoned acres across 12 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
