Commercial Real Estate Market in Greenville, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 69 off-market properties in Greenville, IN.
Market Trends
Greenville, IN spans 24.1 square miles in Floyd County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greenville, 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 Greenville, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Greenville, 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 Greenville, 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 65.2%
- Commercial 23%
- Industrial 9%
- Civic 2.8%
Largest Zones share of zoned land by district
Residential Suburban
Agricultural Residential
General Industrial
General Commercial
Historic Downtown Residential Suburban
Greenville, IN zones 592 acres across 9 districts. Commercial zoning covers 23% of zoned land, residential 65.2% and industrial 9%. The largest single district is Residential Suburban at 51.4%. For commercial buyers the practical constraint is that only 32% of land carries a commercial or industrial designation.
Residential Suburban (RS)
RS mean Residential Suburban District. RU means Residential Urban District. RECREATION, ACTIVE means leisure-time activities, usually of a formal nature and often performed with others, such as basketball, softball, baseball, tennis, soccer. Active recreation requires equipment and takes place at prescribed places, sites, courts, or fields. RECREATION, PASSI…
Market overview
Demographics & Economy
Greenville, IN has 4,981 residents in 1,930 households. Density runs 207 people per square mile. Median household income here is $111,815 and median gross rent $1,149 a month.
4,981
Population
1,930
Households
2.6
Avg Household Size
41
Median Age
36%
College-Educated
97%
High-School Grad
24.1 sq mi
ZIP Area
207
Density / Sq Mi
$111,815
Median Household Income
$59,144
Median Earnings
$1,149
Median Rent
$287,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Navilleton | — | — |
| Galena | — | — |
| Bradford | — | — |
| Mount Saint Francis | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Greenville?
Greenville, IN zones 592 acres across 9 districts, of which 23% is commercial and 9% industrial. The largest single district is Residential Suburban at 51.4% of zoned land. RS mean Residential Suburban District. RU means Residential Urban District. RECREATION, ACTIVE means leisure-time activities, usually of a formal nature and often performed with others, such as basketball, softball, baseball, tennis, soccer. Active recreation requires equipment and takes place at prescribed places, sites, courts, or fields. RECREATION, PASSI… Residential zoning covers 65.2% and open space 0%.
Where does Realmo's Greenville market data come from?
Realmo compiles Greenville, IN figures from 2 recent recorded sales, 19 active sale listings, 69 tracked off-market properties, the current Greenville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 0 active for-lease listings in Greenville, 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: 592 zoned acres across 9 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
