Commercial Real Estate Market in Fairbank, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 151 off-market properties in Fairbank, IA.
Market Trends
Fairbank, IA spans 75.3 square miles in Buchanan County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Fairbank, 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 Fairbank, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Fairbank, 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 Fairbank, 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 78.9%
- Agricultural 11.9%
- Commercial 9.3%
Largest Zones share of zoned land by district
Single Family Residential District
Suburban Agricultural District
Commercial District
Moderate To High Density Residential District
Low Density Residential District
Fairbank, IA zones 470 acres across 6 districts. Commercial zoning covers 9.3% of zoned land, residential 78.9%. The largest single district is Single Family Residential District at 78.9%. For commercial buyers the practical constraint is that only 9.3% of land carries a commercial or industrial designation.
Single Family Residential District (R-1)
The “R-1” District is the most restrictive Residen tial District and is to be considered the most restrictive District in this Ordi nance. The principal use of land is exclusively for single-family residential uses as well as related recreational, religious, and educational facilities normally found in an orderly and attractive residential area. Residential…
Market overview
Demographics & Economy
Fairbank, IA has 2,288 residents in 894 households. Density runs 30 people per square mile. Median household income here is $102,750 and median gross rent $724 a month.
2,288
Population
894
Households
2.6
Avg Household Size
37
Median Age
21%
College-Educated
92%
High-School Grad
75.3 sq mi
ZIP Area
30
Density / Sq Mi
$102,750
Median Household Income
$48,542
Median Earnings
$724
Median Rent
$193,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oran | — | — |
| Littleton | — | — |
| Hazleton | — | — |
| Oelwein | — | — |
Commercial property in Fairbank, IA asks $235/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Fairbank?
Commercial property in Fairbank, IA asks an average of $235 per square foot.
What zoning applies to commercial property in Fairbank?
Fairbank, IA zones 470 acres across 6 districts, of which 9.3% is commercial and 0% industrial. The largest single district is Single Family Residential District at 78.9% of zoned land. The “R-1” District is the most restrictive Residen tial District and is to be considered the most restrictive District in this Ordi nance. The principal use of land is exclusively for single-family residential uses as well as related recreational, religious, and educational facilities normally found in an orderly and attractive residential area. Residential… Residential zoning covers 78.9% and open space 0%.
Where does Realmo's Fairbank market data come from?
Realmo compiles Fairbank, IA figures from 1 active sale listings, 151 tracked off-market properties, the current Fairbank zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Fairbank, 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: 470 zoned acres across 6 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
