Commercial Real Estate Market in Mulberry, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 61 off-market properties in Mulberry, IN.
Market Trends
Mulberry, IN spans 26.5 square miles in Clinton County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mulberry, 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 Mulberry, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mulberry, 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 Mulberry, 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 94.2%
- Commercial 3.7%
- Industrial 2.1%
Largest Zones share of zoned land by district
Medium Density Residential
High Density Residential
Central Business
Light Industrial
Roadside Business
Mulberry, IN zones 319 acres across 6 districts. Commercial zoning covers 3.7% of zoned land, residential 94.2% and industrial 2.1%. The largest single district is Medium Density Residential at 63.4%. For commercial buyers the practical constraint is that only 5.9% of land carries a commercial or industrial designation.
Medium Density Residential (R-3)
This district includes areas of primarily single family dwellings in the towns which have historically developed at higher density and where municipal water and sewer are provided, density shall not exceed four dwelling units per acre, two family and multi family dwellings are possible in this district but both require a special exception
Market overview
Demographics & Economy
Mulberry, IN has 2,257 residents in 859 households. Density runs 85 people per square mile. Median household income here is $75,938 and median gross rent $796 a month.
2,257
Population
859
Households
2.6
Avg Household Size
43
Median Age
17%
College-Educated
94%
High-School Grad
26.5 sq mi
ZIP Area
85
Density / Sq Mi
$75,938
Median Household Income
$45,648
Median Earnings
$796
Median Rent
$144,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dayton | — | — |
| Rossville | — | — |
| Stockwell | — | — |
| Clarks Hill | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Mulberry?
Mulberry, IN zones 319 acres across 6 districts, of which 3.7% is commercial and 2.1% industrial. The largest single district is Medium Density Residential at 63.4% of zoned land. This district includes areas of primarily single family dwellings in the towns which have historically developed at higher density and where municipal water and sewer are provided, density shall not exceed four dwelling units per acre, two family and multi family dwellings are possible in this district but both require a special exception Residential zoning covers 94.2% and open space 0%.
Where does Realmo's Mulberry market data come from?
Realmo compiles Mulberry, IN figures from 1 active lease listings, 61 tracked off-market properties, the current Mulberry zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 0 active for-sale and 1 active for-lease listings in Mulberry, 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: 319 zoned acres across 6 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
