Commercial Real Estate Market in Shenandoah, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 525 off-market properties in Shenandoah, IA.
Market Trends
Shenandoah, IA spans 103.3 square miles in Page County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Shenandoah, 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 Shenandoah, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Shenandoah, 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 Shenandoah, 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
- Civic 42.6%
- Residential 24.2%
- Industrial 19.7%
- Commercial 11.5%
- Mixed use 2%
Largest Zones share of zoned land by district
Single And Two Family Residence
Farm Residence
Highway Business
Light Industrial
Heavy Industrial
Single And Two Family Residence (R)
This district provides for low to moderate density residential neighborhoods by allowing both single family and two family dwellings. It also accommodates supporting public uses like schools, churches, libraries, and parks, with home occupations and professional offices permitted as ancillary uses.
Market overview
Demographics & Economy
Shenandoah, IA has 5,681 residents in 2,762 households. Density runs 55 people per square mile. Median household income here is $59,647 and median gross rent $768 a month.
5,681
Population
2,762
Households
2.1
Avg Household Size
45
Median Age
20%
College-Educated
94%
High-School Grad
103.3 sq mi
ZIP Area
55
Density / Sq Mi
$59,647
Median Household Income
$40,343
Median Earnings
$768
Median Rent
$121,300
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
How much does it cost to lease commercial space in Shenandoah?
Asking lease rates in Shenandoah, IA average $9.00 per square foot per year.
Where does Realmo's Shenandoah market data come from?
Realmo compiles Shenandoah, IA figures from 6 recent recorded sales, 7 active sale listings, 1 active lease listings, 525 tracked off-market properties, the current Shenandoah zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 1 active for-lease listings in Shenandoah, 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: 2,360 zoned acres across 9 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
