Commercial Real Estate Market in Otterbein, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 84 off-market properties in Otterbein, IN.
Market Trends
Otterbein, IN spans 60.6 square miles in Benton County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Otterbein, 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 Otterbein, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Otterbein, 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 Otterbein, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Otterbein, IN has 1,955 residents in 1,005 households. Density runs 32 people per square mile. Median household income here is $72,468 and median gross rent $901 a month.
1,955
Population
1,005
Households
1.9
Avg Household Size
38
Median Age
26%
College-Educated
92%
High-School Grad
60.6 sq mi
ZIP Area
32
Density / Sq Mi
$72,468
Median Household Income
$42,333
Median Earnings
$901
Median Rent
$162,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Montmorenci | — | — |
| Oxford | — | — |
| Pine Village | — | — |
| West Lafayette | — | — |
Frequently Asked Questions
How much does it cost to lease commercial space in Otterbein?
Asking lease rates in Otterbein, IN average $7.50 per square foot per year.
Where does Realmo's Otterbein market data come from?
Realmo compiles Otterbein, IN figures from 11 active sale listings, 1 active lease listings, 84 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 1 active for-lease listings in Otterbein, 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.
- 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
