Commercial Real Estate Market in Morristown, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 163 off-market properties in Morristown, IN.
Market Trends
Morristown, IN spans 34.3 square miles in Shelby County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Morristown, 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 Morristown, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Morristown, 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 Morristown, 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 23.8%
- Residential 22.8%
- Special 14.4%
- Commercial 5.1%
- Mixed use 1.5%
- Planned_development 0.5%
Largest Zones share of zoned land by district
No Zoning
Industrial
General Residential
Flood Plain
Suburban Residential
Industrial (I)
The purpose of I zone is intended for all industrial uses and industrial parks and outdoor industrial uses are permitted only by conditional use business uses are permitted only as accessory to an industrial use
Market overview
Demographics & Economy
Morristown, IN has 2,576 residents in 974 households. Density runs 75 people per square mile. Median household income here is $70,337 and median gross rent $959 a month.
2,576
Population
974
Households
2.6
Avg Household Size
43
Median Age
19%
College-Educated
92%
High-School Grad
34.3 sq mi
ZIP Area
75
Density / Sq Mi
$70,337
Median Household Income
$38,944
Median Earnings
$959
Median Rent
$206,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Freeport | — | — |
| Gwynneville | — | — |
| Fountaintown | — | — |
| Arlington | — | — |
Commercial property in Morristown, IN asks $9/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Morristown?
Commercial property in Morristown, IN asks an average of $9 per square foot.
Where does Realmo's Morristown market data come from?
Realmo compiles Morristown, IN figures from 5 active sale listings, 163 tracked off-market properties, the current Morristown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Morristown, 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: 2,258 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
