Commercial Real Estate Market in Boone, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
80 active listings and 1,126 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 August 2026.
Office
Office vacancy in Boone, 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 Boone, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Boone, 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 Boone, 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 57.2%
- Industrial 21.5%
- Agricultural 11.5%
- Commercial 9.7%
- Civic 0.2%
Largest Zones share of zoned land by district
Single Family Residential
One And Two Family Residential
General Industrial
Agriculture
Multifamily Residential
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.
Single Family Residential (R-1)
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.
16,203
Population
7,416
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
96%
High-School Grad
191.7 sq mi
ZIP Area
85
Density / Sq Mi
$74,107
Median Household Income
$42,453
Median Earnings
$804
Median Rent
$172,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Luther | — | — |
| Ogden | — | — |
| Pilot Mound | — | — |
| Gilbert | — | — |
Commercial property in Boone, IA asks $33/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Boone?
Commercial property in Boone, IA asks an average of $33 per square foot. The 6 most recent recorded sales traded at a median of $75/SF.
What zoning applies to commercial property in Boone?
Boone, IA zones 5,924 acres across 12 districts, of which 9.7% is commercial and 21.5% industrial. The largest single district is Single Family Residential at 30.2% of zoned land. 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… Residential zoning covers 57.2% and open space 0%.
Where does Realmo's Boone market data come from?
Realmo compiles Boone, IA figures from 7 recent recorded sales, 80 active sale listings, 1,126 tracked off-market properties, the current Boone zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 80 active for-sale and 0 active for-lease listings in Boone, 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: 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 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
