Commercial Real Estate Market in Pendleton, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 357 off-market properties in Pendleton, IN.
Market Trends
Pendleton, IN spans 66.8 square miles in Madison County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pendleton, 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 Pendleton, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Pendleton, 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 Pendleton, 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 84.2%
- Commercial 5.1%
- Civic 4.8%
- Planned_development 3.1%
- Industrial 2%
- Mixed use 0.8%
Largest Zones share of zoned land by district
Agriculture Large Lot
Agriculture Small Lot
Single Family Residential Large Lot
Institutional
Recreation Open Space
Pendleton, IN zones 8,250 acres across 19 districts. Commercial zoning covers 5.1% of zoned land, residential 84.2% and industrial 2%. The largest single district is Agriculture Large Lot at 48%. For commercial buyers the practical constraint is that only 7.1% of land carries a commercial or industrial designation.
Agriculture Large Lot (A-1)
The Large Lot Agriculture District (A-1) is intended to provide for the protection, preservation, and enhancement of appropriate mediumintensity agricultural uses on larger lots. Residential development is permitted only by conditional use, which provides the opportunity to consider whether it is related to the operation and maintenance of agricultural uses…
Market overview
Demographics & Economy
Pendleton, IN has 16,908 residents in 6,158 households. Density runs 253 people per square mile. Median household income here is $92,012 and median gross rent $1,121 a month.
16,908
Population
6,158
Households
2.7
Avg Household Size
39
Median Age
32%
College-Educated
92%
High-School Grad
66.8 sq mi
ZIP Area
253
Density / Sq Mi
$92,012
Median Household Income
$50,947
Median Earnings
$1,121
Median Rent
$256,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Huntsville | — | — |
| Ingalls | — | — |
| Emporia | — | — |
| Eden | — | — |
Commercial property in Pendleton, IN asks $765/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pendleton?
Commercial property in Pendleton, IN asks an average of $765 per square foot.
What zoning applies to commercial property in Pendleton?
Pendleton, IN zones 8,250 acres across 19 districts, of which 5.1% is commercial and 2% industrial. The largest single district is Agriculture Large Lot at 48% of zoned land. The Large Lot Agriculture District (A-1) is intended to provide for the protection, preservation, and enhancement of appropriate mediumintensity agricultural uses on larger lots. Residential development is permitted only by conditional use, which provides the opportunity to consider whether it is related to the operation and maintenance of agricultural uses… Residential zoning covers 84.2% and open space 0%.
Where does Realmo's Pendleton market data come from?
Realmo compiles Pendleton, IN figures from 2 recent recorded sales, 16 active sale listings, 3 active lease listings, 357 tracked off-market properties, the current Pendleton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 3 active for-lease listings in Pendleton, 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: 8,250 zoned acres across 19 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
