Commercial Real Estate Market in Thornton, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Thornton, IA spans 58.2 square miles in Cerro Gordo County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Thornton, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Thornton, IA asks $184/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Thornton, 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 Thornton, 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
- Agricultural 84%
- Civic 13.5%
- Industrial 1.5%
- Commercial 1.1%
Largest Zones share of zoned land by district
Agriculture
Residence District
Light Industrial
Commercial District
Agriculture (AG)
When any intended use of land in the Agriculture District varies from any normal farm use, or height or use of buildings varies from any normally concerned with and considered as a normal farm use, such variation shall not be allowed until approved by the Council after receiving the recommendations of the Planning and Zoning Commission
Market overview
Demographics & Economy
Thornton, IA has 667 residents in 333 households. Density runs 11 people per square mile. Median household income here is $71,250 and median gross rent $775 a month.
667
Population
333
Households
2
Avg Household Size
41
Median Age
23%
College-Educated
97%
High-School Grad
58.2 sq mi
ZIP Area
11
Density / Sq Mi
$71,250
Median Household Income
$49,563
Median Earnings
$775
Median Rent
$112,200
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
Where does Realmo's Thornton market data come from?
Realmo compiles Thornton, IA figures from 2 recent recorded sales, 36 tracked off-market properties, the current Thornton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- 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: 826 zoned acres across 4 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
