Commercial Real Estate Market in Roann, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Roann, IN spans 41.8 square miles in Wabash County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Roann, 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 Roann, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Roann, 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 Roann, 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 86.9%
- Commercial 11.3%
- Open space 1.4%
- Agricultural 0.4%
Largest Zones share of zoned land by district
Residential 2
General Business
Forest Recreation And Conservation
Agriculture 2
Roann, IN zones 149 acres across 4 districts. Commercial zoning covers 11.3% of zoned land, residential 86.9% and open space 1.4%. The largest single district is Residential 2 at 86.9%. For commercial buyers the practical constraint is that only 11.3% of land carries a commercial or industrial designation.
Forest Recreation And Conservation (FRC)
Conservation (FRC) Districts. “Freeboard” means a factor of safety usually expressed in feet which is the height above the engineering calculated high-water mark of a structure (as a dam or bank) associated with the water. “Front Lot Line” means the line marking the boundary between the lot and the abutting street. For an interior or through lot, it is the l…
Market overview
Demographics & Economy
Roann, IN has 1,620 residents in 726 households. Density runs 39 people per square mile. Median household income here is $57,857 and median gross rent $821 a month.
1,620
Population
726
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
81%
High-School Grad
41.8 sq mi
ZIP Area
39
Density / Sq Mi
$57,857
Median Household Income
$37,429
Median Earnings
$821
Median Rent
$182,900
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Roann?
Roann, IN zones 149 acres across 4 districts, of which 11.3% is commercial and 0% industrial. The largest single district is Residential 2 at 86.9% of zoned land. Residential zoning covers 86.9% and open space 1.4%.
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: 149 zoned acres across 4 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
