Commercial Real Estate Market in Monroe, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 175 off-market properties in Monroe, IA.
Market Trends
Monroe, IA spans 83.2 square miles in Jasper County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Monroe, 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 Monroe, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Monroe, 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 space in Monroe, IA asks $124/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 62.3%
- Agricultural 22.8%
- Commercial 11.4%
- Industrial 3.6%
Largest Zones share of zoned land by district
Residential Multifamily District
Agricultural District
Residential Single Family District
Commercial
Light Industrial
Monroe, IA zones 1,087 acres across 6 districts. Commercial zoning covers 11.4% of zoned land, residential 62.3% and industrial 3.6%. The largest single district is Residential Multifamily District at 39.1%. For commercial buyers the practical constraint is that only 15% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Monroe, IA has 2,854 residents in 1,231 households. Density runs 34 people per square mile. Median household income here is $86,205 and median gross rent $772 a month.
2,854
Population
1,231
Households
2.3
Avg Household Size
41
Median Age
23%
College-Educated
99%
High-School Grad
83.2 sq mi
ZIP Area
34
Density / Sq Mi
$86,205
Median Household Income
$51,288
Median Earnings
$772
Median Rent
$193,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Reasnor | — | — |
| Vandalia | — | — |
| Swan | — | — |
| Killduff | — | — |
Commercial property in Monroe, IA asks $513/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Monroe?
Commercial property in Monroe, IA asks an average of $513 per square foot. The 4 most recent recorded sales traded at a median of $74/SF, so asking sits 597% above the achieved median. Multifamily carries the highest asking price at $124/SF.
What zoning applies to commercial property in Monroe?
Monroe, IA zones 1,087 acres across 6 districts, of which 11.4% is commercial and 3.6% industrial. The largest single district is Residential Multifamily District at 39.1% of zoned land. Residential zoning covers 62.3% and open space 0%.
Where does Realmo's Monroe market data come from?
Realmo compiles Monroe, IA figures from 5 recent recorded sales, 2 active sale listings, 175 tracked off-market properties, the current Monroe zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Monroe, 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: 1,087 zoned acres across 6 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
