Commercial Real Estate Market in Paoli, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 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 August 2026.
Office
Office vacancy in Paoli, 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 Paoli, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Paoli, 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 67.5%
- Industrial 15%
- Commercial 12.6%
- Mixed use 4.9%
Largest Zones share of zoned land by district
Single Family
Agricultural
General Industrial
Highway Commercial
Mixed Use Residential
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.
Mixed Use Residential (MUR)
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.
7,684
Population
3,424
Households
2.2
Avg Household Size
42
Median Age
15%
College-Educated
85%
High-School Grad
129.4 sq mi
ZIP Area
59
Density / Sq Mi
$53,931
Median Household Income
$36,839
Median Earnings
$878
Median Rent
$145,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Chambersburg | — | — |
| Stampers Creek | — | — |
| Youngs Creek | — | — |
| Pumpkin Center | — | — |
Commercial property in Paoli, IN asks $120/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Paoli?
Commercial property in Paoli, IN asks an average of $120 per square foot.
What zoning applies to commercial property in Paoli?
Paoli, IN zones 2,231 acres across 9 districts, of which 12.6% is commercial and 15% industrial. The largest single district is Single Family at 48.6% of zoned land. Residential zoning covers 67.5% and open space 0%.
Where does Realmo's Paoli market data come from?
Realmo compiles Paoli, IN figures from 20 active sale listings, 427 tracked off-market properties, the current Paoli zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 0 active for-lease listings in Paoli, 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: 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 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
