Commercial Real Estate Market in Lorimor, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Lorimor, IA spans 81.9 square miles in Union County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lorimor, 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 Lorimor, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lorimor, 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 Lorimor, 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 78.8%
- Commercial 16.4%
- Industrial 4.8%
Largest Zones share of zoned land by district
One Family Residence District
Business Districts
Industrial Districts
Mobile Home Park District
Multifamily Residence Districts
Lorimor, IA zones 163 acres across 5 districts. Commercial zoning covers 16.4% of zoned land, residential 78.8% and industrial 4.8%. The largest single district is One Family Residence District at 74.9%. For commercial buyers the practical constraint is that only 21.2% of land carries a commercial or industrial designation.
One Family Residence District (R-1)
The purpose of R-1 zone is to provide one family detached dwellings, detached single family manufactured homes or modular homes, public parks, playgrounds, and recreational areas
Market overview
Demographics & Economy
Lorimor, IA has 1,084 residents in 382 households. Density runs 13 people per square mile. Median household income here is $68,295 and median gross rent $858 a month.
1,084
Population
382
Households
2.8
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
81.9 sq mi
ZIP Area
13
Density / Sq Mi
$68,295
Median Household Income
$43,500
Median Earnings
$858
Median Rent
$143,900
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Lorimor?
Lorimor, IA zones 163 acres across 5 districts, of which 16.4% is commercial and 4.8% industrial. The largest single district is One Family Residence District at 74.9% of zoned land. The purpose of R-1 zone is to provide one family detached dwellings, detached single family manufactured homes or modular homes, public parks, playgrounds, and recreational areas Residential zoning covers 78.8% 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: 163 zoned acres across 5 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
