Commercial Real Estate Market in Roanoke, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 188 off-market properties in Roanoke, IN.
Market Trends
Roanoke, IN spans 60.9 square miles in Huntington County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Roanoke, 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 Roanoke, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Roanoke, 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 Roanoke, 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 75.5%
- Agricultural 13.4%
- Commercial 7.6%
- Open space 3.2%
- Industrial 0.3%
Largest Zones share of zoned land by district
Residential Medium Density
Agricultural
Residential High Density
Suburban Residential
General Business
Roanoke, IN zones 701 acres across 12 districts. Commercial zoning covers 7.6% of zoned land, residential 75.5%, open space 3.2% and industrial 0.3%. The largest single district is Residential Medium Density at 55.2%. For commercial buyers the practical constraint is that only 7.9% of land carries a commercial or industrial designation.
Residential Medium Density (R-4)
SECTION 904: RESIDENTIAL MEDIUM DENSITY (R-4) DISTRICT A. The residential medium density district is intended to be a moderately dense residential district. It is the intent of this section to allow single family and two family dwelling units and uses servicing the needs of a moderately dense residential area. B. The permitted principal uses are: 1. Dwelling…
Market overview
Demographics & Economy
Roanoke, IN has 7,521 residents in 3,140 households. Density runs 123 people per square mile. Median household income here is $98,679 and median gross rent $861 a month.
7,521
Population
3,140
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
96%
High-School Grad
60.9 sq mi
ZIP Area
123
Density / Sq Mi
$98,679
Median Household Income
$54,719
Median Earnings
$861
Median Rent
$283,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Zanesville | — | — |
| Bowerstown | — | — |
| Simpson | — | — |
| Mahon | — | — |
Commercial property in Roanoke, IN asks $17/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Roanoke?
Commercial property in Roanoke, IN asks an average of $17 per square foot.
What zoning applies to commercial property in Roanoke?
Roanoke, IN zones 701 acres across 12 districts, of which 7.6% is commercial and 0.3% industrial. The largest single district is Residential Medium Density at 55.2% of zoned land. SECTION 904: RESIDENTIAL MEDIUM DENSITY (R-4) DISTRICT A. The residential medium density district is intended to be a moderately dense residential district. It is the intent of this section to allow single family and two family dwelling units and uses servicing the needs of a moderately dense residential area. B. The permitted principal uses are: 1. Dwelling… Residential zoning covers 75.5% and open space 3.2%.
Where does Realmo's Roanoke market data come from?
Realmo compiles Roanoke, IN figures from 13 active sale listings, 1 active lease listings, 188 tracked off-market properties, the current Roanoke zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 1 active for-lease listings in Roanoke, 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: 701 zoned acres across 12 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
