Commercial Real Estate Market in Sunman, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 117 off-market properties in Sunman, IN.
Market Trends
Sunman, IN spans 77.8 square miles in Ripley County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Sunman, 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 Sunman, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Sunman, 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 Sunman, 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 74.4%
- Industrial 21.9%
- Commercial 3.7%
Largest Zones share of zoned land by district
Single Family Residence District
General Business District
Multifamily Residence District
Unit Development Plan District
Agriculture
Sunman, IN zones 579 acres across 9 districts. Commercial zoning covers 3.7% of zoned land, residential 74.4% and industrial 21.9%. The largest single district is Single Family Residence District at 44.3%. For commercial buyers the practical constraint is that only 25.6% of land carries a commercial or industrial designation.
Single Family Residence District (R1)
SECTION 80.12: R-1 SINGLE-FAMILY RESIDENCE DISTRICT This district, although very suitable for agricultural uses in many locations, is designed to also permit low-density single-family residential development, and is adaptable to urban and suburban locations. (A) Permitted Uses. (1) Agricultural use. (2) Single-family dwelling. (3) Manufactured home. (4) Spec…
Market overview
Demographics & Economy
Sunman, IN has 5,891 residents in 2,449 households. Density runs 76 people per square mile. Median household income here is $86,778 and median gross rent $834 a month.
5,891
Population
2,449
Households
2.4
Avg Household Size
42
Median Age
25%
College-Educated
90%
High-School Grad
77.8 sq mi
ZIP Area
76
Density / Sq Mi
$86,778
Median Household Income
$45,872
Median Earnings
$834
Median Rent
$280,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Penntown | — | — |
| Morris | — | — |
| Highland Center | — | — |
| Dover | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Sunman?
Sunman, IN zones 579 acres across 9 districts, of which 3.7% is commercial and 21.9% industrial. The largest single district is Single Family Residence District at 44.3% of zoned land. SECTION 80.12: R-1 SINGLE-FAMILY RESIDENCE DISTRICT This district, although very suitable for agricultural uses in many locations, is designed to also permit low-density single-family residential development, and is adaptable to urban and suburban locations. (A) Permitted Uses. (1) Agricultural use. (2) Single-family dwelling. (3) Manufactured home. (4) Spec… Residential zoning covers 74.4% and open space 0%.
Where does Realmo's Sunman market data come from?
Realmo compiles Sunman, IN figures from 6 active sale listings, 117 tracked off-market properties, the current Sunman zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Sunman, 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: 579 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
