Commercial Real Estate Market in Harvel, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Harvel, IL spans 34.1 square miles in Montgomery County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Harvel, 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 Harvel, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Harvel, 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 Harvel, IL 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 25.6%
- Residential 5.1%
- Industrial 3.9%
- Commercial 0.7%
Largest Zones share of zoned land by district
No Zoning
Agricultural
One And Two Family Residential
Heavy Industrial
General Retail
Agricultural (AG-1)
DIVISION I - AGRICULTURAL AG-1 DISTRICT 1-5-1 DESCRIPTION OF DISTRICT. The ―AG-1‖ Agriculture District consists of areas where the soil, water, vegetal, topographical, and other conditions are best adopted to the pursuit of agriculture. The district is designed to prevent the intrusion of non-agricultural land use which would hinder agricultural pursuits by…
Market overview
Demographics & Economy
Harvel, IL has 339 residents in 180 households. Density runs 10 people per square mile. Median household income here is $71,875 and median gross rent $730 a month.
339
Population
180
Households
1.9
Avg Household Size
47
Median Age
13%
College-Educated
89%
High-School Grad
34.1 sq mi
ZIP Area
10
Density / Sq Mi
$71,875
Median Household Income
$36,579
Median Earnings
$730
Median Rent
$83,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Raymond | — | — |
| Morrisonville | — | — |
| Waggoner | — | — |
| Farmersville | — | — |
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: 446 zoned acres across 5 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
