Commercial Real Estate Market in Greentown, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 119 off-market properties in Greentown, IN.
Market Trends
Greentown, IN spans 65.2 square miles in Howard County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greentown, 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 Greentown, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Greentown, 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 Greentown, 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 77.9%
- Commercial 17.9%
- Agricultural 0%
Largest Zones share of zoned land by district
Residential
Residential
General Business
Commercial And Wholesale
No Zoning
Greentown, IN zones 768 acres across 10 districts. Commercial zoning covers 17.9% of zoned land, residential 77.9%. The largest single district is Residential at 60.6%. For commercial buyers the practical constraint is that only 17.9% of land carries a commercial or industrial designation.
Residential (R1)
Residentialdistrict, to include areas of low density single family residences with a density of two and one half dwelling units or less per gross acre
Market overview
Demographics & Economy
Greentown, IN has 5,800 residents in 2,522 households. Density runs 89 people per square mile. Median household income here is $79,345 and median gross rent $841 a month.
5,800
Population
2,522
Households
2.3
Avg Household Size
45
Median Age
31%
College-Educated
97%
High-School Grad
65.2 sq mi
ZIP Area
89
Density / Sq Mi
$79,345
Median Household Income
$43,580
Median Earnings
$841
Median Rent
$206,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hemlock | — | — |
| Nevada | — | — |
| Sims | — | — |
| Swayzee | — | — |
Commercial property in Greentown, IN asks $36/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greentown?
Commercial property in Greentown, IN asks an average of $36 per square foot.
What zoning applies to commercial property in Greentown?
Greentown, IN zones 768 acres across 10 districts, of which 17.9% is commercial and 0% industrial. The largest single district is Residential at 60.6% of zoned land. Residentialdistrict, to include areas of low density single family residences with a density of two and one half dwelling units or less per gross acre Residential zoning covers 77.9% and open space 0%.
Where does Realmo's Greentown market data come from?
Realmo compiles Greentown, IN figures from 4 active sale listings, 119 tracked off-market properties, the current Greentown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Greentown, 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: 768 zoned acres across 10 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
