Commercial Real Estate Market in Kempton, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Kempton, IL spans 44.2 square miles in Ford County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Kempton, 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 Kempton, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Kempton, 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 Kempton, 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
- Residential 64.5%
- Agricultural 23.1%
- Industrial 7.6%
- Commercial 4.9%
Largest Zones share of zoned land by district
Single Family Residential
Agricultural
Industrial
General Business
Multiple Family Residential
Kempton, IL zones 106 acres across 5 districts. Commercial zoning covers 4.9% of zoned land, residential 64.5% and industrial 7.6%. The largest single district is Single Family Residential at 64.3%. For commercial buyers the practical constraint is that only 12.4% of land carries a commercial or industrial designation.
Multiple Family Residential (R-3)
R-3 District. It is also the intent of this paragraph that children of families using these areas shall not be provided school facilities and that roads within the areas shall be constructed and maintained by the developer or governmental organization, not the county or township. (c) Cemeteries, mausoleums, crematories or columbariums, in cemeteries of not l…
Market overview
Demographics & Economy
Kempton, IL has 351 residents in 198 households. Density runs 8 people per square mile. Median household income here is $75,000 and median gross rent $1,087 a month.
351
Population
198
Households
1.8
Avg Household Size
43
Median Age
19%
College-Educated
99%
High-School Grad
44.2 sq mi
ZIP Area
8
Density / Sq Mi
$75,000
Median Household Income
$43,229
Median Earnings
$1,087
Median Rent
$68,000
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Kempton?
Kempton, IL zones 106 acres across 5 districts, of which 4.9% is commercial and 7.6% industrial. The largest single district is Single Family Residential at 64.3% of zoned land. Residential zoning covers 64.5% and open space 0%.
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: 106 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
