Commercial Real Estate Market in Northwood, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 425 off-market properties in Northwood, IA.
Market Trends
Northwood, IA spans 142.8 square miles in Worth County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Northwood, 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 Northwood, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Northwood, 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 Northwood, 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 27.9%
- Agricultural 26%
- Special 25.3%
- Industrial 12.3%
- Commercial 6.9%
- Planned_development 1.7%
Largest Zones share of zoned land by district
General Residential
Agriculture
Limited Development
Light Industry
Highway Business
Light Industry (I-1)
Uses 165.19 I-1 Light Industry District 165.09 Changes and Amendments 165.20 I-2 Heavy Industry District 165.10 Districts Established 165.01 PURPOSE. This chapter is adopted for the purpose of promoting public health, safety, comfort, order, and general welfare to conserve and protect natural and manmade environment, to secure and provide the social and econ…
Market overview
Demographics & Economy
Northwood, IA has 3,087 residents in 1,341 households. Density runs 22 people per square mile. Median household income here is $76,053 and median gross rent $690 a month.
3,087
Population
1,341
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
92%
High-School Grad
142.8 sq mi
ZIP Area
22
Density / Sq Mi
$76,053
Median Household Income
$41,338
Median Earnings
$690
Median Rent
$148,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kensett | — | — |
| Bolan | — | — |
| Silver Lake | — | — |
| Myrtle | — | — |
Commercial property in Northwood, IA asks $414/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Northwood?
Commercial property in Northwood, IA asks an average of $414 per square foot.
Where does Realmo's Northwood market data come from?
Realmo compiles Northwood, IA figures from 2 recent recorded sales, 6 active sale listings, 425 tracked off-market properties, the current Northwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Northwood, 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: 2,566 zoned acres across 7 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
