Commercial Real Estate Market in New Sharon, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 232 off-market properties in New Sharon, IA.
Market Trends
New Sharon, IA spans 142.9 square miles in Mahaska County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Sharon, 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 New Sharon, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in New Sharon, 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 New Sharon, IA runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
New Sharon, IA has 2,495 residents in 1,175 households. Density runs 17 people per square mile. Median household income here is $76,389 and median gross rent $577 a month.
2,495
Population
1,175
Households
2.1
Avg Household Size
42
Median Age
22%
College-Educated
96%
High-School Grad
142.9 sq mi
ZIP Area
17
Density / Sq Mi
$76,389
Median Household Income
$40,375
Median Earnings
$577
Median Rent
$156,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Union Mills | — | — |
| Lacey | — | — |
| Taintor | — | — |
| Searsboro | — | — |
Commercial property in New Sharon, IA asks $3,622/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Sharon?
Commercial property in New Sharon, IA asks an average of $3,622 per square foot. The 5 most recent recorded sales traded at a median of $29/SF, so asking sits 12321% above the achieved median.
Where does Realmo's New Sharon market data come from?
Realmo compiles New Sharon, IA figures from 6 recent recorded sales, 14 active sale listings, 232 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 14 active for-sale and 0 active for-lease listings in New Sharon, 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
