Commercial Real Estate Market in Monticello, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
69 active listings and 841 off-market properties in Monticello, IN.
Market Trends
Monticello, IN spans 118.3 square miles in White County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Monticello, 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 Monticello, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Monticello, 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 Monticello, 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 52.8%
- Commercial 24.1%
- Agricultural 13%
- Industrial 9.4%
- Planned_development 0.5%
- Open space 0.3%
Largest Zones share of zoned land by district
Single And Two Family Residential
General Business
General Agriculture
Light Industrial
Multifamily Residential
Monticello, IN zones 2,034 acres across 14 districts. Commercial zoning covers 24.1% of zoned land, residential 52.8%, open space 0.3% and industrial 9.4%. The largest single district is Single And Two Family Residential at 44.4%. For commercial buyers the practical constraint is that only 33.5% of land carries a commercial or industrial designation.
Single And Two Family Residential (R-2)
The purpose of the R-2 Single and Two-Family Residential District is to provide adequate land for single-family and two-family residential uses
Market overview
Demographics & Economy
Monticello, IN has 15,029 residents in 9,757 households. Density runs 127 people per square mile. Median household income here is $61,087 and median gross rent $852 a month.
15,029
Population
9,757
Households
1.5
Avg Household Size
47
Median Age
18%
College-Educated
91%
High-School Grad
118.3 sq mi
ZIP Area
127
Density / Sq Mi
$61,087
Median Household Income
$38,389
Median Earnings
$852
Median Rent
$179,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Indiana Beach | — | — |
| Reynolds | — | — |
| Yeoman | — | — |
| Idaville | — | — |
Commercial property in Monticello, IN asks $115/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Monticello?
Commercial property in Monticello, IN asks an average of $115 per square foot.
What zoning applies to commercial property in Monticello?
Monticello, IN zones 2,034 acres across 14 districts, of which 24.1% is commercial and 9.4% industrial. The largest single district is Single And Two Family Residential at 44.4% of zoned land. The purpose of the R-2 Single and Two-Family Residential District is to provide adequate land for single-family and two-family residential uses Residential zoning covers 52.8% and open space 0.3%.
Where does Realmo's Monticello market data come from?
Realmo compiles Monticello, IN figures from 2 recent recorded sales, 66 active sale listings, 3 active lease listings, 841 tracked off-market properties, the current Monticello zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 66 active for-sale and 3 active for-lease listings in Monticello, 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: 2,034 zoned acres across 14 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
