Commercial Real Estate Market in Oldenburg, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Oldenburg, IN spans 17.8 square miles in Franklin County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Oldenburg, 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 Oldenburg, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Oldenburg, 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 Oldenburg, 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 96.6%
- Industrial 3.2%
- Commercial 0.2%
Largest Zones share of zoned land by district
Single Family Residence District
Multifamily Residence District
General Business District
Enclosed Industrial District
Local Business District
Oldenburg, IN zones 253 acres across 5 districts. Commercial zoning covers 0.2% of zoned land, residential 96.6% and industrial 3.2%. The largest single district is Single Family Residence District at 60.9%. For commercial buyers the practical constraint is that only 3.4% of land carries a commercial or industrial designation.
Single Family Residence District (R-1)
R-1 district although very suitable for agricultural uses in many locations, is designed to also permit low density single-family residential development, and is adaptable to urban and suburban locations.
Market overview
Demographics & Economy
Oldenburg, IN has 1,002 residents in 373 households. Density runs 56 people per square mile. Median household income here is $85,000 and median gross rent $838 a month.
1,002
Population
373
Households
2.7
Avg Household Size
47
Median Age
41%
College-Educated
100%
High-School Grad
17.8 sq mi
ZIP Area
56
Density / Sq Mi
$85,000
Median Household Income
$54,750
Median Earnings
$838
Median Rent
$392,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Brook Acres | — | — |
| Batesville | — | $12.15 |
| Morris | — | — |
| Peppertown | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Oldenburg?
Oldenburg, IN zones 253 acres across 5 districts, of which 0.2% is commercial and 3.2% industrial. The largest single district is Single Family Residence District at 60.9% of zoned land. R-1 district although very suitable for agricultural uses in many locations, is designed to also permit low density single-family residential development, and is adaptable to urban and suburban locations. Residential zoning covers 96.6% 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: 253 zoned acres across 5 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
