Commercial Real Estate Market in Malvern, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 169 off-market properties in Malvern, IA.
Market Trends
Malvern, IA spans 81.9 square miles in Mills County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Malvern, 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 Malvern, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Malvern, 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 Malvern, 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 93.3%
- Commercial 3.9%
- Industrial 2.8%
Largest Zones share of zoned land by district
Agricultural District
Single Family Residential
Single Family Residential
Light Manufacturing Zone
Downtown Commercial District
Malvern, IA zones 1,040 acres across 8 districts. Commercial zoning covers 3.9% of zoned land, residential 93.3% and industrial 2.8%. The largest single district is Agricultural District at 58%. For commercial buyers the practical constraint is that only 6.7% of land carries a commercial or industrial designation.
Agricultural District (RA)
The Residential Agricultural District recognizes residential development in and around outer border of the city limits
Market overview
Demographics & Economy
Malvern, IA has 1,783 residents in 757 households. Density runs 22 people per square mile. Median household income here is $82,218 and median gross rent $867 a month.
1,783
Population
757
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
94%
High-School Grad
81.9 sq mi
ZIP Area
22
Density / Sq Mi
$82,218
Median Household Income
$45,625
Median Earnings
$867
Median Rent
$184,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hastings | — | — |
| Silver City | — | — |
| Tabor | — | — |
| Glenwood | — | — |
Commercial property in Malvern, IA asks $348,706/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Malvern?
Commercial property in Malvern, IA asks an average of $348,706 per square foot. The 4 most recent recorded sales traded at a median of $65/SF, so asking sits 536907% above the achieved median.
What zoning applies to commercial property in Malvern?
Malvern, IA zones 1,040 acres across 8 districts, of which 3.9% is commercial and 2.8% industrial. The largest single district is Agricultural District at 58% of zoned land. The Residential Agricultural District recognizes residential development in and around outer border of the city limits Residential zoning covers 93.3% and open space 0%.
Where does Realmo's Malvern market data come from?
Realmo compiles Malvern, IA figures from 5 recent recorded sales, 6 active sale listings, 169 tracked off-market properties, the current Malvern zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Malvern, 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: 1,040 zoned acres across 8 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
