Commercial Real Estate Market in Cicero, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 184 off-market properties in Cicero, IN.
Market Trends
Cicero, IN spans 31.3 square miles in Hamilton County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cicero, 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 Cicero, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Cicero, 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 Cicero, 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
- Residential 89.3%
- Commercial 9.8%
- Industrial 1%
Largest Zones share of zoned land by district
Medium Home Residential
Old Town Residential
Medium Lot Small Home Residential
Neighborhood Commercial
Manufactured Home Park
Cicero, IN zones 1,180 acres across 9 districts. Commercial zoning covers 9.8% of zoned land, residential 89.3% and industrial 1%. The largest single district is Medium Home Residential at 58.4%. For commercial buyers the practical constraint is that only 10.7% of land carries a commercial or industrial designation.
Medium Home Residential (R3)
R3 District Packet R4 District Packet R5 District Packet R6 District Packet RC1 District Packet RC2 District Overview MP District Overview NC District Packet OC District Packet DC District Packet HC District Overview C1 District Packet C2 District Overview C3 District Packet C4 Zoning Packet Departments Cicero Community Development Cicero Parks Department Ci…
Market overview
Demographics & Economy
Cicero, IN has 7,316 residents in 3,327 households. Density runs 234 people per square mile. Median household income here is $90,795 and median gross rent $1,038 a month.
7,316
Population
3,327
Households
2.2
Avg Household Size
44
Median Age
42%
College-Educated
97%
High-School Grad
31.3 sq mi
ZIP Area
234
Density / Sq Mi
$90,795
Median Household Income
$53,488
Median Earnings
$1,038
Median Rent
$292,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Westfield | — | — |
| Arcadia | — | — |
| Strawtown | — | — |
| Noblesville | — | $21.38 |
Frequently Asked Questions
What zoning applies to commercial property in Cicero?
Cicero, IN zones 1,180 acres across 9 districts, of which 9.8% is commercial and 1% industrial. The largest single district is Medium Home Residential at 58.4% of zoned land. R3 District Packet R4 District Packet R5 District Packet R6 District Packet RC1 District Packet RC2 District Overview MP District Overview NC District Packet OC District Packet DC District Packet HC District Overview C1 District Packet C2 District Overview C3 District Packet C4 Zoning Packet Departments Cicero Community Development Cicero Parks Department Ci… Residential zoning covers 89.3% and open space 0%.
Where does Realmo's Cicero market data come from?
Realmo compiles Cicero, IN figures from 4 recent recorded sales, 5 active sale listings, 184 tracked off-market properties, the current Cicero zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Cicero, 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: 1,180 zoned acres across 9 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
