Commercial Real Estate Market in Paoli, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
6 active listings and 427 off-market properties in Paoli, IN.
Market Trends
Paoli, IN spans 129.4 square miles in Orange County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Paoli, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Paoli, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Paoli, 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%.
Multifamily
Multifamily vacancy in Paoli, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 67.5%
- Industrial 15%
- Commercial 12.6%
- Mixed use 4.9%
Largest Zones share of zoned land by district
Paoli, IN zones 2,231 acres across 9 districts. Commercial zoning covers 12.6% of zoned land, residential 67.5% and industrial 15%. The largest single district is Single Family at 48.6%. For commercial buyers the practical constraint is that only 27.6% of land carries a commercial or industrial designation.
This district is established to allow commercial office use while protecting the residential fabric of the area. It is designed to promote the use of lots or reuse of single family homes as commercial or retail uses that do not attract high volume of traffic such as general commercial.
Market overview
Demographics & Economy
Paoli, IN has 7,684 residents in 3,424 households. Density runs 59 people per square mile. Median household income here is $53,931 and median gross rent $878 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Paoli?
What zoning applies to commercial property in Paoli?
Where does Realmo's Paoli market data come from?
Methodology & data sources
- Asking prices and medians
- There are 6 active for-sale and 0 active for-lease listings in Paoli, IN. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 2,231 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
