Commercial Real Estate Market in Mount Vernon, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 197 off-market properties in Mount Vernon, IA.
Market Trends
Mount Vernon, IA spans 59.3 square miles in Linn County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Mount Vernon, IA asks $136/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Mount Vernon, IA asks $152/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mount Vernon, 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 Mount Vernon, IA asks $115/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
Market overview
Demographics & Economy
Mount Vernon, IA has 5,937 residents in 1,949 households. Density runs 100 people per square mile. Median household income here is $106,667 and median gross rent $886 a month.
5,937
Population
1,949
Households
3
Avg Household Size
33
Median Age
45%
College-Educated
96%
High-School Grad
59.3 sq mi
ZIP Area
100
Density / Sq Mi
$106,667
Median Household Income
$36,477
Median Earnings
$886
Median Rent
$279,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lisbon | — | — |
| Sutliff | — | — |
| Bertram | — | — |
| Martelle | — | — |
Commercial property in Mount Vernon, IA asks $1,170/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mount Vernon?
Commercial property in Mount Vernon, IA asks an average of $1,170 per square foot. The 5 most recent recorded sales traded at a median of $93/SF, so asking sits 1163% above the achieved median. Retail carries the highest asking price at $152/SF.
Where does Realmo's Mount Vernon market data come from?
Realmo compiles Mount Vernon, IA figures from 7 recent recorded sales, 7 active sale listings, 197 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Mount Vernon, 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.
- 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
