Commercial Real Estate Market in Montgomery, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Montgomery, IN spans 85.7 square miles in Daviess County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Montgomery, 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 Montgomery, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Montgomery, 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 Montgomery, 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 44%
- Agricultural 43%
- Industrial 6.1%
- Commercial 2.1%
Largest Zones share of zoned land by district
Agricultural
Residential
Industrial
Special Use
Residential
Market overview
Demographics & Economy
Montgomery, IN has 5,021 residents in 1,516 households. Density runs 59 people per square mile. Median household income here is $88,154 and median gross rent $814 a month.
5,021
Population
1,516
Households
3.3
Avg Household Size
27
Median Age
12%
College-Educated
55%
High-School Grad
85.7 sq mi
ZIP Area
59
Density / Sq Mi
$88,154
Median Household Income
$45,528
Median Earnings
$814
Median Rent
$255,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cannelburg | — | — |
| Corning | — | — |
| Glendale | — | — |
| Washington | — | $13.05 |
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: 2,343 zoned acres across 9 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
