Commercial Real Estate Market in Monona, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 110 off-market properties in Monona, IA.
Market Trends
Monona, IA spans 72.8 square miles in Clayton County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Monona, 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 Monona, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Monona, 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 Monona, 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 48.6%
- Agricultural 30.8%
- Industrial 13.3%
- Commercial 7.4%
Largest Zones share of zoned land by district
Single Family Residential
Agricultural
Industrial
Multifamily Dwelling
Commercial
Single Family Residential (R-1)
The purpose of this zoning district is to provide low density residential development that include single family dwellings, park, playground or playfield.
Market overview
Demographics & Economy
Monona, IA has 2,232 residents in 1,232 households. Density runs 31 people per square mile. Median household income here is $71,136 and median gross rent $861 a month.
2,232
Population
1,232
Households
1.8
Avg Household Size
41
Median Age
13%
College-Educated
96%
High-School Grad
72.8 sq mi
ZIP Area
31
Density / Sq Mi
$71,136
Median Household Income
$45,671
Median Earnings
$861
Median Rent
$149,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Watson | — | — |
| Luana | — | — |
| Volney | — | — |
| Hardin | — | — |
Commercial property in Monona, IA asks $42/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Monona?
Commercial property in Monona, IA asks an average of $42 per square foot.
Where does Realmo's Monona market data come from?
Realmo compiles Monona, IA figures from 5 active sale listings, 110 tracked off-market properties, the current Monona zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Monona, 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: 821 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 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
