Commercial Real Estate Market in Monon, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Monon, IN spans 68.2 square miles in White County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Monon, 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 Monon, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Monon, 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 Monon, 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 59%
- Industrial 16.3%
- Agricultural 16.2%
- Commercial 8.5%
Largest Zones share of zoned land by district
Single And Two Family Residential
General Agriculture
Heavy Industrial
Multifamily Residential
General Business
Monon, IN zones 495 acres across 10 districts. Commercial zoning covers 8.5% of zoned land, residential 59% and industrial 16.3%. The largest single district is Single And Two Family Residential at 40.8%. For commercial buyers the practical constraint is that only 24.8% of land carries a commercial or industrial designation.
Single And Two Family Residential (R-2)
F. Single and Two-family Residential District (R-2) G. Multi-family Residential District (R-3) H. Mobile Home Park Residential District (R-4) I. Neighborhood Business District (B-1) J. General Business District (B-2) K. Highway Business District (B-3) L. General Business Dense Development District (B-4) M. Light Industrial District (I-1) N. Heavy Industrial…
Market overview
Demographics & Economy
Monon, IN has 2,843 residents in 1,112 households. Density runs 42 people per square mile. Median household income here is $60,469 and median gross rent $923 a month.
2,843
Population
1,112
Households
2.6
Avg Household Size
36
Median Age
9%
College-Educated
70%
High-School Grad
68.2 sq mi
ZIP Area
42
Density / Sq Mi
$60,469
Median Household Income
$39,322
Median Earnings
$923
Median Rent
$126,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Buffalo | — | — |
| Indiana Beach | — | — |
| Francesville | — | — |
| Reynolds | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Monon?
Monon, IN zones 495 acres across 10 districts, of which 8.5% is commercial and 16.3% industrial. The largest single district is Single And Two Family Residential at 40.8% of zoned land. F. Single and Two-family Residential District (R-2) G. Multi-family Residential District (R-3) H. Mobile Home Park Residential District (R-4) I. Neighborhood Business District (B-1) J. General Business District (B-2) K. Highway Business District (B-3) L. General Business Dense Development District (B-4) M. Light Industrial District (I-1) N. Heavy Industrial… Residential zoning covers 59% and open space 0%.
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: 495 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
