Commercial Real Estate Market in Okoboji, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 154 off-market properties in Okoboji, IA.
Market Trends
Okoboji, IA spans 2.5 square miles in Dickinson County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Okoboji, 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 Okoboji, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Okoboji, 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 Okoboji, IA asks $262/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 68.9%
- Commercial 16.4%
- Agricultural 14.7%
Largest Zones share of zoned land by district
Single Family Residential District
General Commercial District
Agriculture District
Lakeshore Residential District
Multiple Family Residential District
Okoboji, IA zones 1,122 acres across 5 districts. Commercial zoning covers 16.4% of zoned land, residential 68.9%. The largest single district is Single Family Residential District at 46.5%. For commercial buyers the practical constraint is that only 16.4% of land carries a commercial or industrial designation.
Agriculture District (A-1)
The purpose of A-1 zone is to provide one of agricultural uses designed to permit the continuation of agricultural uses preserve land best suited for agriculture from encroachment of incompatible uses and to preserve land suited to eventual development in other uses pending proper timing for economical and practical provisions of streets, utilities and other…
Market overview
Demographics & Economy
Okoboji, IA has 847 residents in 1,477 households. Density runs 333 people per square mile. Median household income here is $57,569 and median gross rent $935 a month.
847
Population
1,477
Households
0.6
Avg Household Size
60
Median Age
38%
College-Educated
98%
High-School Grad
2.5 sq mi
ZIP Area
333
Density / Sq Mi
$57,569
Median Household Income
$36,579
Median Earnings
$935
Median Rent
$441,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Arnolds Park | — | — |
| Egralharve | — | — |
| Wahpeton | — | — |
| West Okoboji | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Okoboji?
Okoboji, IA zones 1,122 acres across 5 districts, of which 16.4% is commercial and 0% industrial. The largest single district is Single Family Residential District at 46.5% of zoned land. Residential zoning covers 68.9% and open space 0%.
Where does Realmo's Okoboji market data come from?
Realmo compiles Okoboji, IA figures from 2 active sale listings, 154 tracked off-market properties, the current Okoboji 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 Okoboji, 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: 1,122 zoned acres across 5 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
