Commercial Real Estate Market in Madison, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
14 active listings and 1,074 off-market properties in Madison, IN.
Market Trends
Madison, IN spans 211.4 square miles in Jefferson County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Madison, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Madison, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Madison, 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%.
Multifamily
Multifamily vacancy in Madison, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 65.5%
- Agricultural 13.5%
- Industrial 13.1%
- Commercial 7.7%
Largest Zones share of zoned land by district
Madison, IN zones 22,263 acres across 16 districts. Commercial zoning covers 7.7% of zoned land, residential 65.5% and industrial 13.1%. The largest single district is Residential Agriculture at 28.5%. For commercial buyers the practical constraint is that only 20.8% of land carries a commercial or industrial designation.
SECTION 2.3 RESIDENTIAL AGRICULTURAL (RA) DISTRICT A. Residential Agricultural (RA) District Purpose 1. This district is intended to provide areas for less intensive agricultural and large-lot single-family residential uses. Development in this district is also intended to provide a transition between more intensive and traditional agricultural uses and more…
Market overview
Demographics & Economy
Madison, IN has 22,596 residents in 10,534 households. Density runs 107 people per square mile. Median household income here is $56,667 and median gross rent $857 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Madison?
What zoning applies to commercial property in Madison?
Where does Realmo's Madison market data come from?
Methodology & data sources
- Asking prices and medians
- There are 12 active for-sale and 2 active for-lease listings in Madison, IN. The sale median is based on 4 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 22,263 zoned acres across 16 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
