Commercial Real Estate Market in Farmland, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 92 off-market properties in Farmland, IN.
Market Trends
Farmland, IN spans 53.4 square miles in Randolph County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Farmland, 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 Farmland, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Farmland, 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 Farmland, 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 87.3%
- Industrial 12.5%
- Commercial 0.3%
Largest Zones share of zoned land by district
Residential Medium Density
Residential High Density Urban
Community Commercial
General Industrial
Regional Commercial
Farmland, IN zones 247 acres across 7 districts. Commercial zoning covers 0.3% of zoned land, residential 87.3% and industrial 12.5%. The largest single district is Residential Medium Density at 67%. For commercial buyers the practical constraint is that only 12.7% of land carries a commercial or industrial designation.
Residential Medium Density (R-1)
R, R-1, R-2 and R-3. Residential Facility for the Developmentally Disabled A properly licensed, community based living facility that provides a family or home-like environment and, in some cases, training for from four (4) to sixteen (16) developmentally disabled persons (as defined in P.L. 98-527 STAT 2662 1984) in a supervised group living program, as desc…
Market overview
Demographics & Economy
Farmland, IN has 2,744 residents in 1,548 households. Density runs 51 people per square mile. Median household income here is $61,146 and median gross rent $845 a month.
2,744
Population
1,548
Households
1.8
Avg Household Size
45
Median Age
21%
College-Educated
92%
High-School Grad
53.4 sq mi
ZIP Area
51
Density / Sq Mi
$61,146
Median Household Income
$41,841
Median Earnings
$845
Median Rent
$165,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Maxville | — | — |
| Parker | — | — |
| Parker City | — | — |
| Unionport | — | — |
Commercial property in Farmland, IN asks $39/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Farmland?
Commercial property in Farmland, IN asks an average of $39 per square foot.
What zoning applies to commercial property in Farmland?
Farmland, IN zones 247 acres across 7 districts, of which 0.3% is commercial and 12.5% industrial. The largest single district is Residential Medium Density at 67% of zoned land. R, R-1, R-2 and R-3. Residential Facility for the Developmentally Disabled A properly licensed, community based living facility that provides a family or home-like environment and, in some cases, training for from four (4) to sixteen (16) developmentally disabled persons (as defined in P.L. 98-527 STAT 2662 1984) in a supervised group living program, as desc… Residential zoning covers 87.3% and open space 0%.
Where does Realmo's Farmland market data come from?
Realmo compiles Farmland, IN figures from 1 active sale listings, 92 tracked off-market properties, the current Farmland 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 0 active for-lease listings in Farmland, 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: 247 zoned acres across 7 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
