Commercial Real Estate Market in Latimer, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Latimer, IA spans 47.6 square miles in Franklin County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Latimer, 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 Latimer, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Latimer, 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 Latimer, 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 89.3%
Largest Zones share of zoned land by district
Restricted Residence District
Non Restricted
Latimer, IA zones 1,669 acres across 2 districts. The largest single district is Restricted Residence District at 89.3%.
Restricted Residence District (R-1)
The purpose of this zoning district is to provide dwellings or residences, churches, cathedrals, temples, and similar places of worship, agricultural uses, including nurseries and truck gardens.
Market overview
Demographics & Economy
Latimer, IA has 741 residents in 416 households. Density runs 16 people per square mile. Median household income here is $74,500 and median gross rent $1,016 a month.
741
Population
416
Households
1.8
Avg Household Size
39
Median Age
21%
College-Educated
82%
High-School Grad
47.6 sq mi
ZIP Area
16
Density / Sq Mi
$74,500
Median Household Income
$42,750
Median Earnings
$1,016
Median Rent
$108,100
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Latimer?
Latimer, IA zones 1,669 acres across 2 districts, of which 0% is commercial and 0% industrial. The largest single district is Restricted Residence District at 89.3% of zoned land. The purpose of this zoning district is to provide dwellings or residences, churches, cathedrals, temples, and similar places of worship, agricultural uses, including nurseries and truck gardens. Residential zoning covers 89.3% and open space 0%.
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: 1,669 zoned acres across 2 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
