Commercial Real Estate Market in Newark, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 97 off-market properties in Newark, IL.
Market Trends
Newark, IL spans 83.1 square miles in Kendall County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Newark, 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 Newark, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Newark, 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 Newark, 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 44.5%
- Commercial 34.3%
- Residential 21.1%
- Industrial 0.2%
Largest Zones share of zoned land by district
Agricultural District
Single Family Residential District
Community Facility District
General Commercial District
Downtown Residential District
Agricultural District (A-1)
The purpose of the Agricultural District is to maintain open lands in a use that Is consistent with the desired rural character identified in the Newarks Comprehensive Land Use Plan, Preserves agriculturally productive farmland for farming
Market overview
Demographics & Economy
Newark, IL has 3,061 residents in 1,189 households. Density runs 37 people per square mile. Median household income here is $119,063 and median gross rent $1,547 a month.
3,061
Population
1,189
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
96%
High-School Grad
83.1 sq mi
ZIP Area
37
Density / Sq Mi
$119,063
Median Household Income
$50,441
Median Earnings
$1,547
Median Rent
$302,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Millington | — | — |
| Millbrook | — | — |
| Norway | — | — |
| Sandwich | — | — |
Frequently Asked Questions
Where does Realmo's Newark market data come from?
Realmo compiles Newark, IL figures from 2 recent recorded sales, 22 active sale listings, 97 tracked off-market properties, the current Newark zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 0 active for-lease listings in Newark, 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.
- Zoning and land use
- The current municipal zoning release: 710 zoned acres across 8 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
