Commercial Real Estate Market in Albion, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 261 off-market properties in Albion, IN.
Market Trends
Albion, IN spans 96.8 square miles in Noble County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Albion, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Albion, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Albion, IN 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 Albion, IN 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
- Commercial 89.9%
- Residential 5.7%
- Industrial 4.1%
- Civic 0.3%
Largest Zones share of zoned land by district
Agricultural
Heavy Industrial
Medium Density Residential
Low Density Residential
High Density Residential
Albion, IN zones 10,063 acres across 13 districts. Commercial zoning covers 89.9% of zoned land, residential 5.7% and industrial 4.1%. The largest single district is Agricultural at 89.2%. For commercial buyers the practical constraint is that only 94% of land carries a commercial or industrial designation.
Agricultural (A)
The A District is intended to be used as follows: General agricultural operations; Enact development standards to maximize protection of common agricultural practices; Use this zoning district for existing agricultural land; Protect the land and operations within the A District from the encroachment of residential and commercial development through the use o…
Market overview
Demographics & Economy
Albion, IN has 7,687 residents in 3,386 households. Density runs 79 people per square mile. Median household income here is $76,813 and median gross rent $835 a month.
7,687
Population
3,386
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
93%
High-School Grad
96.8 sq mi
ZIP Area
79
Density / Sq Mi
$76,813
Median Household Income
$45,847
Median Earnings
$835
Median Rent
$194,300
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Albion?
Albion, IN zones 10,063 acres across 13 districts, of which 89.9% is commercial and 4.1% industrial. The largest single district is Agricultural at 89.2% of zoned land. The A District is intended to be used as follows: General agricultural operations; Enact development standards to maximize protection of common agricultural practices; Use this zoning district for existing agricultural land; Protect the land and operations within the A District from the encroachment of residential and commercial development through the use o… Residential zoning covers 5.7% and open space 0%.
Where does Realmo's Albion market data come from?
Realmo compiles Albion, IN figures from 21 active sale listings, 1 active lease listings, 261 tracked off-market properties, the current Albion zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 1 active for-lease listings in Albion, IN. 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: 10,063 zoned acres across 13 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
