Commercial Real Estate Market in Milford, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
19 active listings and 1,035 off-market properties in Milford, IA.
Market Trends
Milford, IA spans 108.0 square miles in Dickinson County, Iowa. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Milford, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Milford, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Milford, 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%.
Multifamily
Multifamily space in Milford, IA has a median asking sale price of $167/SF (based on 3 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 56.8%
- Commercial 18.6%
- Industrial 13.3%
- Agricultural 11.4%
Largest Zones share of zoned land by district
Milford, IA zones 1,358 acres across 11 districts. Commercial zoning covers 18.6% of zoned land, residential 56.8% and industrial 13.3%. The largest single district is Multifamily District at 24.5%. For commercial buyers the practical constraint is that only 31.8% of land carries a commercial or industrial designation.
This district is intended to provide for a variety of multiple family residential areas where public utilities and services are available and to encourage a suitable living environment through the promotion of public health, safety and welfare
Market overview
Demographics & Economy
Milford, IA has 4,844 residents in 3,104 households. Density runs 45 people per square mile. Median household income here is $67,628 and median gross rent $904 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Milford?
What zoning applies to commercial property in Milford?
Where does Realmo's Milford market data come from?
Methodology & data sources
- Asking prices and medians
- There are 19 active for-sale and 0 active for-lease listings in Milford, IA. The sale median is based on 11 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 1,358 zoned acres across 11 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
