Commercial Real Estate Market in Farmington, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 139 off-market properties in Farmington, IL. Commercial property asks $32/SF to buy and $6.00/SF/Yr to lease.
Market Trends
Farmington, IL spans 56.3 square miles in Fulton County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Farmington, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Farmington, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Farmington, IL 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 Farmington, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Farmington, IL has 3,325 residents in 1,414 households. Density runs 59 people per square mile. Median household income here is $64,875 and median gross rent $877 a month.
3,325
Population
1,414
Households
2.4
Avg Household Size
42
Median Age
28%
College-Educated
96%
High-School Grad
56.3 sq mi
ZIP Area
59
Density / Sq Mi
$64,875
Median Household Income
$42,133
Median Earnings
$877
Median Rent
$113,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Middlegrove | — | — |
| Norris | — | — |
| Yates City | — | — |
| Elmwood | — | — |
Commercial property in Farmington, IL asks $32/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Farmington?
Commercial property in Farmington, IL asks an average of $32 per square foot.
How much does it cost to lease commercial space in Farmington?
Asking lease rates in Farmington, IL average $6.00 per square foot per year.
Where does Realmo's Farmington market data come from?
Realmo compiles Farmington, IL figures from 3 active sale listings, 2 active lease listings, 139 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 2 active for-lease listings in Farmington, IL. 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.
- 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
