Commercial Real Estate Market in Leon, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 193 off-market properties in Leon, IA.
Market Trends
Leon, IA spans 143.4 square miles in Decatur County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Leon, 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 Leon, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Leon, 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 Leon, 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 57.1%
- Industrial 35.1%
- Commercial 7.8%
Largest Zones share of zoned land by district
Residential
Industrial
Commercial
Commercial
Leon, IA zones 2,032 acres across 4 districts. Commercial zoning covers 7.8% of zoned land, residential 57.1% and industrial 35.1%. The largest single district is Residential at 57.1%. For commercial buyers the practical constraint is that only 42.9% of land carries a commercial or industrial designation.
Residential (R)
The intent of this R district is to provide Multi family residential
Market overview
Demographics & Economy
Leon, IA has 2,766 residents in 1,312 households. Density runs 19 people per square mile. Median household income here is $64,511 and median gross rent $544 a month.
2,766
Population
1,312
Households
2.1
Avg Household Size
41
Median Age
15%
College-Educated
91%
High-School Grad
143.4 sq mi
ZIP Area
19
Density / Sq Mi
$64,511
Median Household Income
$35,558
Median Earnings
$544
Median Rent
$122,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Decatur | — | — |
| Pleasanton | — | — |
| Davis City | — | — |
| High Point | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Leon?
Leon, IA zones 2,032 acres across 4 districts, of which 7.8% is commercial and 35.1% industrial. The largest single district is Residential at 57.1% of zoned land. The intent of this R district is to provide Multi family residential Residential zoning covers 57.1% and open space 0%.
Where does Realmo's Leon market data come from?
Realmo compiles Leon, IA figures from 5 recent recorded sales, 1 active sale listings, 193 tracked off-market properties, the current Leon 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 Leon, 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: 2,032 zoned acres across 4 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
