Commercial Real Estate Market in Fairland, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 86 off-market properties in Fairland, IN.
Market Trends
Fairland, IN spans 32.6 square miles in Shelby County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Fairland, 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 Fairland, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Fairland, 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 Fairland, 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
- Agricultural 59.6%
- Residential 15.8%
- Industrial 13.7%
- Mixed use 3.9%
- Open space 2.9%
- Civic 0.8%
- Commercial 0.1%
Largest Zones share of zoned land by district
Conservation Agricultural
High Intensity Industrial
Village Residential
Village Mixed Use
Residential Estate
Conservation Agricultural (A1)
The A1 (Conservation Agricultural) District is intended to be used as follows low intensity general agricultural operations
Market overview
Demographics & Economy
Fairland, IN has 4,613 residents in 1,848 households. Density runs 141 people per square mile. Median household income here is $73,730 and median gross rent $908 a month.
4,613
Population
1,848
Households
2.5
Avg Household Size
43
Median Age
20%
College-Educated
89%
High-School Grad
32.6 sq mi
ZIP Area
141
Density / Sq Mi
$73,730
Median Household Income
$49,462
Median Earnings
$908
Median Rent
$232,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Boggstown | — | — |
| Shelbyville | — | $102.63 |
| Needham | — | — |
| Urmeyville | — | — |
Frequently Asked Questions
Where does Realmo's Fairland market data come from?
Realmo compiles Fairland, IN figures from 1 active sale listings, 1 active lease listings, 86 tracked off-market properties, the current Fairland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 1 active for-lease listings in Fairland, 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: 694 zoned acres across 14 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
