Commercial Real Estate Market in Centerville, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
32 active listings and 663 off-market properties in Centerville, IA.
Market Trends
Centerville, IA spans 138.3 square miles in Appanoose County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Centerville, 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 Centerville, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Centerville, 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 Centerville, 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 67.2%
- Industrial 20.9%
- Commercial 7.8%
- Mixed use 2.1%
Largest Zones share of zoned land by district
Single Family Residential
One And Two Family Residence
Heavy Industrial
Commercial
Multiple Family Residential
Centerville, IA zones 3,105 acres across 9 districts. Commercial zoning covers 7.8% of zoned land, residential 67.2% and industrial 20.9%. The largest single district is Single Family Residential at 35.6%. For commercial buyers the practical constraint is that only 28.7% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
R-1 district is intended to provide for residential development, characterized by single-family dwellings on large lots with supporting community facilities and urban services. Its regulations are intended to minimize traffic congestion and to assure that density is consistent with the carrying capacity of infrastructure
Market overview
Demographics & Economy
Centerville, IA has 7,481 residents in 4,096 households. Density runs 54 people per square mile. Median household income here is $45,257 and median gross rent $779 a month.
7,481
Population
4,096
Households
1.8
Avg Household Size
44
Median Age
19%
College-Educated
88%
High-School Grad
138.3 sq mi
ZIP Area
54
Density / Sq Mi
$45,257
Median Household Income
$36,792
Median Earnings
$779
Median Rent
$114,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Numa | — | — |
| Brazil | — | — |
| Rathbun | — | — |
| Mystic | — | — |
Commercial property in Centerville, IA asks $443/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Centerville?
Commercial property in Centerville, IA asks an average of $443 per square foot. The 4 most recent recorded sales traded at a median of $12/SF, so asking sits 3706% above the achieved median.
What zoning applies to commercial property in Centerville?
Centerville, IA zones 3,105 acres across 9 districts, of which 7.8% is commercial and 20.9% industrial. The largest single district is Single Family Residential at 35.6% of zoned land. R-1 district is intended to provide for residential development, characterized by single-family dwellings on large lots with supporting community facilities and urban services. Its regulations are intended to minimize traffic congestion and to assure that density is consistent with the carrying capacity of infrastructure Residential zoning covers 67.2% and open space 0%.
Where does Realmo's Centerville market data come from?
Realmo compiles Centerville, IA figures from 5 recent recorded sales, 32 active sale listings, 663 tracked off-market properties, the current Centerville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 0 active for-lease listings in Centerville, 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: 3,105 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
