Commercial Real Estate Market in Oaktown, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Oaktown, IN spans 76.9 square miles in Knox County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Oaktown, 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 Oaktown, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Oaktown, 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 Oaktown, 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 81.5%
- Commercial 9%
- Agricultural 6.3%
- Industrial 3.3%
Largest Zones share of zoned land by district
Single Family Residence District
Rural Residence District
General Business District
Non Exclusive Agricultural District
Mixed Residence District
Oaktown, IN zones 533 acres across 8 districts. Commercial zoning covers 9% of zoned land, residential 81.5% and industrial 3.3%. The largest single district is Single Family Residence District at 52.3%. For commercial buyers the practical constraint is that only 12.2% of land carries a commercial or industrial designation.
Single Family Residence District (R1)
The R1 District is intended to provide for moderate density single family neighborhoods
Market overview
Demographics & Economy
Oaktown, IN has 1,514 residents in 721 households. Density runs 20 people per square mile. Median household income here is $42,202 and median gross rent $680 a month.
1,514
Population
721
Households
2.1
Avg Household Size
44
Median Age
5%
College-Educated
80%
High-School Grad
76.9 sq mi
ZIP Area
20
Density / Sq Mi
$42,202
Median Household Income
$39,583
Median Earnings
$680
Median Rent
$85,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Busseron | — | — |
| Emison | — | — |
| Russellville | — | — |
| Carlisle | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Oaktown?
Oaktown, IN zones 533 acres across 8 districts, of which 9% is commercial and 3.3% industrial. The largest single district is Single Family Residence District at 52.3% of zoned land. The R1 District is intended to provide for moderate density single family neighborhoods Residential zoning covers 81.5% 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: 533 zoned acres across 8 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
