Commercial Real Estate Market in Walford, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 68 off-market properties in Walford, IA.
Market Trends
Walford, IA spans 1.8 square miles in Benton County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Walford, 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 Walford, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Walford, 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 Walford, 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 66.5%
- Industrial 23.1%
- Agricultural 10.4%
Largest Zones share of zoned land by district
Single Family
Restricted Industrial
Agriculture
Commercial
Multiple Dwelling
Walford, IA zones 655 acres across 6 districts. The largest single district is Single Family at 64.3%. For commercial buyers the practical constraint is that only 23.1% of land carries a commercial or industrial designation.
Single Family (R-1)
The purpose of this zoning district is to provide single family dwellings, municipal buildings and structures necessary for the general health, protection, and welfare of the public, such as fire stations, police stations, water wells, pump stations, and other public utilities
Market overview
Demographics & Economy
Walford, IA has 1,380 residents in 477 households. Density runs 748 people per square mile. Median household income here is $116,477.
1,380
Population
477
Households
2.9
Avg Household Size
40
Median Age
34%
College-Educated
97%
High-School Grad
1.8 sq mi
ZIP Area
748
Density / Sq Mi
$116,477
Median Household Income
$58,500
Median Earnings
$0
Median Rent
$274,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fairfax | — | — |
| Norway | — | — |
| East Amana | — | — |
| Viola | — | — |
Commercial property in Walford, IA asks $93/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Walford?
Commercial property in Walford, IA asks an average of $93 per square foot. The 3 most recent recorded sales traded at a median of $89/SF, so asking sits 4% above the achieved median.
What zoning applies to commercial property in Walford?
Walford, IA zones 655 acres across 6 districts, of which 0% is commercial and 23.1% industrial. The largest single district is Single Family at 64.3% of zoned land. The purpose of this zoning district is to provide single family dwellings, municipal buildings and structures necessary for the general health, protection, and welfare of the public, such as fire stations, police stations, water wells, pump stations, and other public utilities Residential zoning covers 66.5% and open space 0%.
Where does Realmo's Walford market data come from?
Realmo compiles Walford, IA figures from 4 recent recorded sales, 2 active sale listings, 68 tracked off-market properties, the current Walford 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 Walford, 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: 655 zoned acres across 6 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
