Commercial Real Estate Market in Lester, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 54 off-market properties in Lester, IA.
Market Trends
Lester, IA spans 5.4 square miles in Lyon County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lester, 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 Lester, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lester, 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 Lester, 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
- Agricultural 100%
Largest Zones share of zoned land by district
Prime Agriculture
Prime Agriculture (A-1)
The intent of the Prime Agricultural District is to preserve land best suited for agricultural resources from the encroachment of incompatible urban or suburban sprawl land uses.
Market overview
Demographics & Economy
Lester, IA has 344 residents in 140 households. Density runs 63 people per square mile. Median household income here is $86,406.
344
Population
140
Households
2.5
Avg Household Size
34
Median Age
23%
College-Educated
96%
High-School Grad
5.4 sq mi
ZIP Area
63
Density / Sq Mi
$86,406
Median Household Income
$39,643
Median Earnings
$0
Median Rent
$185,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hills | — | — |
| Steen | — | — |
| Alvord | — | — |
| Rock Rapids | — | — |
Frequently Asked Questions
Where does Realmo's Lester market data come from?
Realmo compiles Lester, IA figures from 11 active sale listings, 54 tracked off-market properties, the current Lester zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 0 active for-lease listings in Lester, 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: 1,169 zoned acres across 1 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
