Commercial Real Estate Market in Hills, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
9 active listings and 85 off-market properties in Hills, IA.
Market Trends
Hills, IA spans 2.1 square miles in Johnson County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hills, 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 Hills, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hills, 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 Hills, 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 40.1%
- Commercial 31.5%
- Civic 18.6%
- Industrial 9.7%
Largest Zones share of zoned land by district
Single Family Residential
Commercial
Agricultural
Industrial
Commercial
Hills, IA zones 433 acres across 10 districts. Commercial zoning covers 31.5% of zoned land, residential 40.1% and industrial 9.7%. The largest single district is Single Family Residential at 36.6%. For commercial buyers the practical constraint is that only 41.2% of land carries a commercial or industrial designation.
Single Family Residential (R1R2)
R1R2 district is intended to provide for single family residential areas with low to medium population density neighborhoods where public utilities and services are available. This district also intended to provide for single family residential areas with low to medium population density neighborhoods where public utilities and services are available,
Market overview
Demographics & Economy
Hills, IA has 858 residents in 444 households. Density runs 400 people per square mile. Median household income here is $81,875 and median gross rent $1,179 a month.
858
Population
444
Households
1.9
Avg Household Size
41
Median Age
24%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
400
Density / Sq Mi
$81,875
Median Household Income
$48,708
Median Earnings
$1,179
Median Rent
$217,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| River Junction | — | — |
| Riverside | — | — |
| University Heights | — | — |
| Lone Tree | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Hills?
Hills, IA zones 433 acres across 10 districts, of which 31.5% is commercial and 9.7% industrial. The largest single district is Single Family Residential at 36.6% of zoned land. R1R2 district is intended to provide for single family residential areas with low to medium population density neighborhoods where public utilities and services are available. This district also intended to provide for single family residential areas with low to medium population density neighborhoods where public utilities and services are available, Residential zoning covers 40.1% and open space 0%.
Where does Realmo's Hills market data come from?
Realmo compiles Hills, IA figures from 9 active sale listings, 85 tracked off-market properties, the current Hills zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 0 active for-lease listings in Hills, 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: 433 zoned acres across 10 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
