Commercial Real Estate Market in Owaneco, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Owaneco, IL spans 37.1 square miles in Christian County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Owaneco, 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 Owaneco, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Owaneco, 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 Owaneco, 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 58.8%
- Residential 31.2%
- Commercial 6.2%
- Industrial 3.8%
Largest Zones share of zoned land by district
Agricultural
One And Two Family Residential
General Retail
Heavy Industrial
General Retail One And Two Family Residential
Agricultural (AG-1)
District consists of areas where the soil, water, vegetal, topographical, and other conditions are best adopted to the pursuit of agriculture
Market overview
Demographics & Economy
Owaneco, IL has 535 residents in 541 households. Density runs 14 people per square mile. Median household income here is $73,438 and median gross rent $689 a month.
535
Population
541
Households
1
Avg Household Size
43
Median Age
14%
College-Educated
96%
High-School Grad
37.1 sq mi
ZIP Area
14
Density / Sq Mi
$73,438
Median Household Income
$47,277
Median Earnings
$689
Median Rent
$143,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Millersville | — | — |
| Taylorville | — | — |
| Hewittsville | — | — |
| Dunkel | — | — |
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: 260 zoned acres across 7 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
