Commercial Real Estate Market in Danville, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
9 active listings and 372 off-market properties in Danville, IN.
Market Trends
Danville, IN spans 88.4 square miles in Hendricks County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Danville, 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 Danville, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Danville, 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 Danville, 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
- Planned_development 39.9%
- Residential 33%
- Industrial 14.2%
- Commercial 7.3%
- Open space 5.1%
Largest Zones share of zoned land by district
Planned Unit Development
Residential 1
Industrial Light
General Business
Parks District
Industrial Light (IL)
Use Type Land Use R1 R2 R3 RU CB-P CB-S LB GB IL IG PR ADOD CPOD industrial waste transfer facility, landfill, recycling facility S S X institutional airport or heliport S X institutional cemetery, columbaria, or mausoleum S S S S S S X institutional emergency response facility S S P S P P P P P P P institutional governmental offices or facilities S S S S P…
Market overview
Demographics & Economy
Danville, IN has 16,448 residents in 6,405 households. Density runs 186 people per square mile. Median household income here is $94,290 and median gross rent $1,112 a month.
16,448
Population
6,405
Households
2.6
Avg Household Size
39
Median Age
35%
College-Educated
97%
High-School Grad
88.4 sq mi
ZIP Area
186
Density / Sq Mi
$94,290
Median Household Income
$48,893
Median Earnings
$1,112
Median Rent
$276,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Belleville | — | — |
| Avon | — | — |
| Amo | — | — |
| Clayton | — | — |
Frequently Asked Questions
Where does Realmo's Danville market data come from?
Realmo compiles Danville, IN figures from 7 active sale listings, 2 active lease listings, 372 tracked off-market properties, the current Danville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 2 active for-lease listings in Danville, 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: 6,224 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
