Commercial Real Estate Market in Lamoni, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 183 off-market properties in Lamoni, IA.
Market Trends
Lamoni, IA spans 92.7 square miles in Decatur County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lamoni, 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 Lamoni, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lamoni, 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 Lamoni, 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 76.3%
- Industrial 18.7%
- Commercial 5.1%
Largest Zones share of zoned land by district
Suburban District
Residential District
Industrial District
Industrial Park District
Special Industrial District
Lamoni, IA zones 2,612 acres across 10 districts. Commercial zoning covers 5.1% of zoned land, residential 76.3% and industrial 18.7%. The largest single district is Suburban District at 55.3%. For commercial buyers the practical constraint is that only 23.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Lamoni, IA has 2,503 residents in 1,209 households. Density runs 27 people per square mile. Median household income here is $54,000 and median gross rent $715 a month.
2,503
Population
1,209
Households
2.1
Avg Household Size
31
Median Age
48%
College-Educated
89%
High-School Grad
92.7 sq mi
ZIP Area
27
Density / Sq Mi
$54,000
Median Household Income
$28,409
Median Earnings
$715
Median Rent
$120,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Davis City | — | — |
| Pleasanton | — | — |
| Kellerton | — | — |
| Decatur | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Lamoni?
Lamoni, IA zones 2,612 acres across 10 districts, of which 5.1% is commercial and 18.7% industrial. The largest single district is Suburban District at 55.3% of zoned land. Residential zoning covers 76.3% and open space 0%.
Where does Realmo's Lamoni market data come from?
Realmo compiles Lamoni, IA figures from 5 recent recorded sales, 7 active sale listings, 183 tracked off-market properties, the current Lamoni zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Lamoni, 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: 2,612 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
