Commercial Real Estate Market in Hamilton, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 143 off-market properties in Hamilton, IN.
Market Trends
Hamilton, IN spans 51.9 square miles in Steuben County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hamilton, 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 Hamilton, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hamilton, 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 Hamilton, 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 84.5%
- Industrial 5.6%
- Commercial 2.4%
Largest Zones share of zoned land by district
Agriculture District
Residence District
No Zoning
Light Industrial District
Residence District
Hamilton, IN zones 6,586 acres across 10 districts. Commercial zoning covers 2.4% of zoned land, residential 84.5% and industrial 5.6%. The largest single district is Agriculture District at 64.9%. For commercial buyers the practical constraint is that only 8% of land carries a commercial or industrial designation.
Agriculture District (A)
Preserves land for agricultural uses and open space, permitting farms, forestry, and low density single family dwellings on large lots.
Market overview
Demographics & Economy
Hamilton, IN has 3,259 residents in 2,071 households. Density runs 63 people per square mile. Median household income here is $77,037 and median gross rent $898 a month.
3,259
Population
2,071
Households
1.6
Avg Household Size
50
Median Age
22%
College-Educated
95%
High-School Grad
51.9 sq mi
ZIP Area
63
Density / Sq Mi
$77,037
Median Household Income
$46,760
Median Earnings
$898
Median Rent
$253,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Island Park | — | — |
| Cold Springs | — | — |
| Clarks Landing | — | — |
| Oakwood | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Hamilton?
Hamilton, IN zones 6,586 acres across 10 districts, of which 2.4% is commercial and 5.6% industrial. The largest single district is Agriculture District at 64.9% of zoned land. Preserves land for agricultural uses and open space, permitting farms, forestry, and low density single family dwellings on large lots. Residential zoning covers 84.5% and open space 0%.
Where does Realmo's Hamilton market data come from?
Realmo compiles Hamilton, IN figures from 14 active sale listings, 143 tracked off-market properties, the current Hamilton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 0 active for-lease listings in Hamilton, 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: 6,586 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
