Commercial Real Estate Market in Ellettsville, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 126 off-market properties in Ellettsville, IN.
Market Trends
Ellettsville, IN spans 24.0 square miles in Monroe County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ellettsville, 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 Ellettsville, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ellettsville, 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 space in Ellettsville, IN asks $256/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 54%
- Commercial 32%
- Industrial 10.6%
- Planned_development 3.4%
Largest Zones share of zoned land by district
Single Family Dwellings
Agricultural
Commercial Districts
Agricultural Suburban
Single Two And Multifamily Dwellings
Ellettsville, IN zones 3,316 acres across 11 districts. Commercial zoning covers 32% of zoned land, residential 54% and industrial 10.6%. The largest single district is Single Family Dwellings at 46.6%. For commercial buyers the practical constraint is that only 42.6% of land carries a commercial or industrial designation.
Single Family Dwellings (R-1)
The primary purpose of the residential districts is to provide a stable environment for family homes on lots with ample open space for the enjoyment of privacy and family recreation. The preservation of single family housing stock within the core neighborhoods of the town, preservation of property values, and protection from encroachment by non residential u…
Market overview
Demographics & Economy
Ellettsville, IN has 7,485 residents in 3,082 households. Density runs 312 people per square mile. Median household income here is $88,625 and median gross rent $753 a month.
7,485
Population
3,082
Households
2.4
Avg Household Size
40
Median Age
33%
College-Educated
96%
High-School Grad
24 sq mi
ZIP Area
312
Density / Sq Mi
$88,625
Median Household Income
$49,396
Median Earnings
$753
Median Rent
$226,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Brook Downs | — | — |
| Dresden | — | — |
| Lancaster Park | — | — |
| Little Point | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Ellettsville?
Ellettsville, IN zones 3,316 acres across 11 districts, of which 32% is commercial and 10.6% industrial. The largest single district is Single Family Dwellings at 46.6% of zoned land. The primary purpose of the residential districts is to provide a stable environment for family homes on lots with ample open space for the enjoyment of privacy and family recreation. The preservation of single family housing stock within the core neighborhoods of the town, preservation of property values, and protection from encroachment by non residential u… Residential zoning covers 54% and open space 0%.
Where does Realmo's Ellettsville market data come from?
Realmo compiles Ellettsville, IN figures from 10 active sale listings, 126 tracked off-market properties, the current Ellettsville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Ellettsville, 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: 3,316 zoned acres across 11 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
