Commercial Real Estate Market in Delaware, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Delaware, IA spans 0.4 square miles in Delaware County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Delaware, 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 Delaware, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Delaware, 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 Delaware, 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
- Civic 100%
Largest Zones share of zoned land by district
Restricted Residence District
Restricted Residence District (RR)
The purpose of this Ordinance is to establish a restricted residence district in the City of Delaware, Iowa, and to provide reasonable rules and regulations for the erection, reconstruction, altering, and repairing of buildings of all kinds, and to provide that there shall be no use in such district except for residences, schoolhouses, churches, and other si…
Market overview
Demographics & Economy
Delaware, IA has 137 residents in 64 households. Density runs 321 people per square mile. Median household income here is $72,750 and median gross rent $613 a month.
137
Population
64
Households
2.1
Avg Household Size
52
Median Age
10%
College-Educated
94%
High-School Grad
0.4 sq mi
ZIP Area
321
Density / Sq Mi
$72,750
Median Household Income
$42,115
Median Earnings
$613
Median Rent
$139,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oneida | — | — |
| Earlville | — | — |
| Delhi | — | — |
| Manchester | — | — |
Frequently Asked Questions
Where does Realmo's Delaware market data come from?
Realmo compiles Delaware, IA figures from 3 recent recorded sales, 23 tracked off-market properties, the current Delaware zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- 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: 520 zoned acres across 1 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
