Commercial Real Estate Market in Delphi, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 629 off-market properties in Delphi, IN.
Market Trends
Delphi, IN spans 134.9 square miles in Carroll County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Delphi, 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 Delphi, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Delphi, 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 Delphi, 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 76.8%
- Industrial 11.8%
- Commercial 9.9%
- Agricultural 1.5%
Largest Zones share of zoned land by district
Low Density Residential
Industrial
Medium Density Residential
General Business
Local Business
Delphi, IN zones 1,657 acres across 10 districts. Commercial zoning covers 9.9% of zoned land, residential 76.8% and industrial 11.8%. The largest single district is Low Density Residential at 67.1%. For commercial buyers the practical constraint is that only 21.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Delphi, IN has 8,162 residents in 3,681 households. Density runs 60 people per square mile. Median household income here is $61,088 and median gross rent $924 a month.
8,162
Population
3,681
Households
2.2
Avg Household Size
42
Median Age
12%
College-Educated
90%
High-School Grad
134.9 sq mi
ZIP Area
60
Density / Sq Mi
$61,088
Median Household Income
$43,823
Median Earnings
$924
Median Rent
$157,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Colburn | — | — |
| Yeoman | — | — |
| Rockfield | — | — |
| Buck Creek | — | — |
Commercial property in Delphi, IN asks $65/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Delphi?
Commercial property in Delphi, IN asks an average of $65 per square foot.
What zoning applies to commercial property in Delphi?
Delphi, IN zones 1,657 acres across 10 districts, of which 9.9% is commercial and 11.8% industrial. The largest single district is Low Density Residential at 67.1% of zoned land. Residential zoning covers 76.8% and open space 0%.
Where does Realmo's Delphi market data come from?
Realmo compiles Delphi, IN figures from 8 active sale listings, 4 active lease listings, 629 tracked off-market properties, the current Delphi zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 4 active for-lease listings in Delphi, 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: 1,657 zoned acres across 10 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
