Commercial Real Estate Market in Goshen, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
72 active listings and 1,839 off-market properties in Goshen, IN.
Market Trends
Goshen, IN spans 139.6 square miles in Elkhart County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Goshen, 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 Goshen, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Goshen, 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 Goshen, 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 53.7%
- Industrial 26.4%
- Commercial 19.9%
Largest Zones share of zoned land by district
Residential
Industrial
Agricultural
Residential
Commercial
Goshen, IN zones 11,733 acres across 12 districts. Commercial zoning covers 19.9% of zoned land, residential 53.7% and industrial 26.4%. The largest single district is Residential at 30.9%. For commercial buyers the practical constraint is that only 46.3% of land carries a commercial or industrial designation.
Residential (R-1)
B. R-1: Residential District (Single Family). The intent of this district is to permit single family detached dwelling units and the necessary accessory uses commonly found in a single family residential neighborhood. Certain other uses shall be permitted in this district as set forth in this ordinance.
Market overview
Demographics & Economy
Goshen, IN has 60,393 residents in 21,065 households. Density runs 433 people per square mile. Median household income here is $71,163 and median gross rent $1,059 a month.
60,393
Population
21,065
Households
2.9
Avg Household Size
35
Median Age
24%
College-Educated
81%
High-School Grad
139.6 sq mi
ZIP Area
433
Density / Sq Mi
$71,163
Median Household Income
$38,291
Median Earnings
$1,059
Median Rent
$213,049
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Paris | — | — |
| Dunlap | — | — |
| Foraker | — | — |
| Millersburg | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Goshen?
Goshen, IN zones 11,733 acres across 12 districts, of which 19.9% is commercial and 26.4% industrial. The largest single district is Residential at 30.9% of zoned land. B. R-1: Residential District (Single Family). The intent of this district is to permit single family detached dwelling units and the necessary accessory uses commonly found in a single family residential neighborhood. Certain other uses shall be permitted in this district as set forth in this ordinance. Residential zoning covers 53.7% and open space 0%.
Where does Realmo's Goshen market data come from?
Realmo compiles Goshen, IN figures from 60 active sale listings, 12 active lease listings, 1,839 tracked off-market properties, the current Goshen zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 60 active for-sale and 12 active for-lease listings in Goshen, 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: 11,733 zoned acres across 12 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
