Commercial Real Estate Market in Elizabeth, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 76 off-market properties in Elizabeth, IN.
Market Trends
Elizabeth, IN spans 83.0 square miles in Harrison County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elizabeth, 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 Elizabeth, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Elizabeth, 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 Elizabeth, 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 93.1%
- Commercial 6.9%
Largest Zones share of zoned land by district
Single Family
Agriculture Residential
Central Business
Elizabeth, IN zones 102 acres across 3 districts. Commercial zoning covers 6.9% of zoned land, residential 93.1%. The largest single district is Single Family at 79.4%. For commercial buyers the practical constraint is that only 6.9% of land carries a commercial or industrial designation.
Single Family (R-1)
This zone is designed to provide for single family residential use adjacent to or near existing urban centers.
Market overview
Demographics & Economy
Elizabeth, IN has 4,304 residents in 1,744 households. Density runs 52 people per square mile. Median household income here is $88,648 and median gross rent $843 a month.
4,304
Population
1,744
Households
2.5
Avg Household Size
45
Median Age
21%
College-Educated
94%
High-School Grad
83 sq mi
ZIP Area
52
Density / Sq Mi
$88,648
Median Household Income
$47,898
Median Earnings
$843
Median Rent
$203,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Middletown | — | — |
| Rosewood | — | — |
| Lanesville | — | — |
| West Point | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Elizabeth?
Elizabeth, IN zones 102 acres across 3 districts, of which 6.9% is commercial and 0% industrial. The largest single district is Single Family at 79.4% of zoned land. This zone is designed to provide for single family residential use adjacent to or near existing urban centers. Residential zoning covers 93.1% and open space 0%.
Where does Realmo's Elizabeth market data come from?
Realmo compiles Elizabeth, IN figures from 7 active sale listings, 76 tracked off-market properties, the current Elizabeth 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 0 active for-lease listings in Elizabeth, 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: 102 zoned acres across 3 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
