Commercial Real Estate Market in Milford, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Milford, IN spans 50.7 square miles in Kosciusko County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milford, 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 Milford, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Milford, 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 Milford, 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
- Industrial 52%
- Residential 24.1%
- Agricultural 18.6%
- Commercial 2.9%
Largest Zones share of zoned land by district
Industrial 2
Industrial
Residential
Agriculture
Commercial
Milford, IN zones 839 acres across 8 districts. Commercial zoning covers 2.9% of zoned land, residential 24.1% and industrial 52%. The largest single district is Industrial 2 at 26.5%. For commercial buyers the practical constraint is that only 54.9% of land carries a commercial or industrial designation.
Industrial 2 (I-2)
This zoning district is intended to provide areas for the development of industrial uses for the operation of fabricating, manufacturing, processing, wholesaling, warehousing, and ancillary related offices.
Market overview
Demographics & Economy
Milford, IN has 4,526 residents in 1,780 households. Density runs 89 people per square mile. Median household income here is $75,192 and median gross rent $1,092 a month.
4,526
Population
1,780
Households
2.5
Avg Household Size
36
Median Age
8%
College-Educated
82%
High-School Grad
50.7 sq mi
ZIP Area
89
Density / Sq Mi
$75,192
Median Household Income
$40,990
Median Earnings
$1,092
Median Rent
$178,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Syracuse | — | — |
| Leesburg | — | — |
| New Paris | — | — |
| Saint Marys | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Milford?
Milford, IN zones 839 acres across 8 districts, of which 2.9% is commercial and 52% industrial. The largest single district is Industrial 2 at 26.5% of zoned land. This zoning district is intended to provide areas for the development of industrial uses for the operation of fabricating, manufacturing, processing, wholesaling, warehousing, and ancillary related offices. Residential zoning covers 24.1% and open space 0%.
Where does Realmo's Milford market data come from?
Realmo compiles Milford, IN figures from 4 recent recorded sales, 135 tracked off-market properties, the current Milford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- 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: 839 zoned acres across 8 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
