Commercial Real Estate Market in Ottumwa, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
110 active listings and 1,929 off-market properties in Ottumwa, IA. Commercial property asks $363/SF to buy and $20.75/SF/Yr to lease.
Market Trends
Ottumwa, IA spans 225.3 square miles in Wapello County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ottumwa, 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 Ottumwa, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ottumwa, 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 Ottumwa, 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 75.2%
- Industrial 14.2%
- Mixed use 7.4%
- Planned_development 3.2%
Largest Zones share of zoned land by district
Single Family Low Density 60 Feet Lot Width
Two Family Low Density
Limited Industrial
Multifamily Residential Medium Density
Agriculture
Ottumwa, IA zones 10,366 acres across 15 districts. The largest single district is Single Family Low Density 60 Feet Lot Width at 45.4%. For commercial buyers the practical constraint is that only 14.2% of land carries a commercial or industrial designation.
Multifamily Residential Medium Density (R-4)
Names AG/UR Agricultural/Urban Reserve District RR Rural Residential District R1-50 R1-60 R1-70 Single-Family Low-Density District R-2 Two-Family Low-Density District R-3 Townhouse Residential Moderate-Density District R-4 Multifamily Residential Medium-Density District R-5 Multifamily Residential High-Density District R-MHP Mobile Home Residential District…
Market overview
Demographics & Economy
Ottumwa, IA has 30,313 residents in 13,654 households. Density runs 135 people per square mile. Median household income here is $59,091 and median gross rent $955 a month.
30,313
Population
13,654
Households
2.2
Avg Household Size
38
Median Age
20%
College-Educated
87%
High-School Grad
225.3 sq mi
ZIP Area
135
Density / Sq Mi
$59,091
Median Household Income
$40,173
Median Earnings
$955
Median Rent
$109,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ottumwa Junction | — | — |
| Dahlonega | — | — |
| Cliffland | — | — |
| Agency | — | — |
Commercial property in Ottumwa, IA asks $363/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ottumwa?
Commercial property in Ottumwa, IA asks an average of $363 per square foot.
How much does it cost to lease commercial space in Ottumwa?
Asking lease rates in Ottumwa, IA average $20.75 per square foot per year.
What zoning applies to commercial property in Ottumwa?
Ottumwa, IA zones 10,366 acres across 15 districts, of which 0% is commercial and 14.2% industrial. The largest single district is Single Family Low Density 60 Feet Lot Width at 45.4% of zoned land. Residential zoning covers 75.2% and open space 0%.
Where does Realmo's Ottumwa market data come from?
Realmo compiles Ottumwa, IA figures from 2 recent recorded sales, 104 active sale listings, 6 active lease listings, 1,929 tracked off-market properties, the current Ottumwa zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 104 active for-sale and 6 active for-lease listings in Ottumwa, 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: 10,366 zoned acres across 15 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
