Commercial Real Estate Market in Ottumwa, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
27 active listings and 1,929 off-market properties in Ottumwa, IA.
Market Trends
Ottumwa, IA spans 225.3 square miles in Wapello County, Iowa. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Ottumwa, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Ottumwa, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily space in Ottumwa, IA has a median asking sale price of $68/SF (based on 7 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Ottumwa?
What zoning applies to commercial property in Ottumwa?
Where does Realmo's Ottumwa market data come from?
Methodology & data sources
- Asking prices and medians
- There are 20 active for-sale and 7 active for-lease listings in Ottumwa, IA. The sale median is based on 7 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
