Commercial Real Estate Market in Corning, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 346 off-market properties in Corning, IA.
Market Trends
Corning, IA spans 228.4 square miles in Adams County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Corning, 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 Corning, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Corning, 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 Corning, 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 74.2%
- Industrial 14.8%
- Commercial 11%
Largest Zones share of zoned land by district
Residential One And Two Family District
Light Industrial District
Arterial Commercial District
Residential Multifamily District
Central Business Commercial District
Corning, IA zones 1,038 acres across 5 districts. Commercial zoning covers 11% of zoned land, residential 74.2% and industrial 14.8%. The largest single district is Residential One And Two Family District at 71.1%. For commercial buyers the practical constraint is that only 25.8% of land carries a commercial or industrial designation.
Light Industrial District (I-1)
This district is intended to provide for areas of development by industrial firms that have high standards of performance and that can locate in close proximity to residential and business uses
Market overview
Demographics & Economy
Corning, IA has 2,652 residents in 1,366 households. Density runs 12 people per square mile. Median household income here is $70,881 and median gross rent $753 a month.
2,652
Population
1,366
Households
1.9
Avg Household Size
45
Median Age
24%
College-Educated
93%
High-School Grad
228.4 sq mi
ZIP Area
12
Density / Sq Mi
$70,881
Median Household Income
$42,650
Median Earnings
$753
Median Rent
$116,300
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Corning?
Corning, IA zones 1,038 acres across 5 districts, of which 11% is commercial and 14.8% industrial. The largest single district is Residential One And Two Family District at 71.1% of zoned land. Residential zoning covers 74.2% and open space 0%.
Where does Realmo's Corning market data come from?
Realmo compiles Corning, IA figures from 5 active sale listings, 346 tracked off-market properties, the current Corning 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 Corning, 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: 1,038 zoned acres across 5 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
