Commercial Real Estate Market in Milltown, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 50 off-market properties in Milltown, IN.
Market Trends
Milltown, IN spans 40.0 square miles in Crawford County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milltown, 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 Milltown, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Milltown, 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 Milltown, 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 46.2%
- Commercial 0.2%
Largest Zones share of zoned land by district
No Zoning
Single Family
Agriculture Residential
Single Family Mobile Home
Urban Residential
Agriculture Residential (AR)
Zone AO, Zone AH, Zone AR and Zone A99 on a FIRM. The definitions are presented below: Zone A: Areas subject to inundation by the one-percent annual chance flood event. Because detailed hydraulic analyses have not been performed, no base flood elevation or depths are shown. Zone AE and A1-A30: Areas subject to inundation by the one-percent annual chance floo…
Market overview
Demographics & Economy
Milltown, IN has 1,908 residents in 972 households. Density runs 48 people per square mile. Median household income here is $47,988 and median gross rent $885 a month.
1,908
Population
972
Households
2
Avg Household Size
46
Median Age
11%
College-Educated
81%
High-School Grad
40 sq mi
ZIP Area
48
Density / Sq Mi
$47,988
Median Household Income
$43,380
Median Earnings
$885
Median Rent
$122,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hogtown | — | — |
| Marengo | — | — |
| Depauw | — | — |
| Ramsey | — | — |
Commercial property in Milltown, IN asks $39/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milltown?
Commercial property in Milltown, IN asks an average of $39 per square foot.
Where does Realmo's Milltown market data come from?
Realmo compiles Milltown, IN figures from 2 active sale listings, 50 tracked off-market properties, the current Milltown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Milltown, 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: 863 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
