Commercial Real Estate Market in Upland, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Upland, IN spans 32.1 square miles in Grant County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Upland, 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 Upland, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Upland, 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 Upland, 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 93.9%
- Commercial 3.5%
- Industrial 2.6%
Largest Zones share of zoned land by district
Residential Suburban
Low Single Family Residential
Medium Density Single And Multiple Family Residential
Low Density Single And Multiple Family Residential
Professional Business
Upland, IN zones 1,971 acres across 10 districts. Commercial zoning covers 3.5% of zoned land, residential 93.9% and industrial 2.6%. The largest single district is Residential Suburban at 58.7%. For commercial buyers the practical constraint is that only 6.1% of land carries a commercial or industrial designation.
Residential Suburban (RS)
The Residential Suburban District (RS) is established in recognition for the need to buffer predominately agricultural uses from predominately residential uses and is used as a transition between the two.
Market overview
Demographics & Economy
Upland, IN has 5,028 residents in 1,591 households. Density runs 157 people per square mile. Median household income here is $73,679 and median gross rent $751 a month.
5,028
Population
1,591
Households
3.2
Avg Household Size
28
Median Age
36%
College-Educated
94%
High-School Grad
32.1 sq mi
ZIP Area
157
Density / Sq Mi
$73,679
Median Household Income
$17,120
Median Earnings
$751
Median Rent
$182,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Shamrock Lakes | — | — |
| Matthews | — | — |
| Fowlerton | — | — |
| Gas City | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Upland?
Upland, IN zones 1,971 acres across 10 districts, of which 3.5% is commercial and 2.6% industrial. The largest single district is Residential Suburban at 58.7% of zoned land. The Residential Suburban District (RS) is established in recognition for the need to buffer predominately agricultural uses from predominately residential uses and is used as a transition between the two. Residential zoning covers 93.9% and open space 0%.
Where does Realmo's Upland market data come from?
Realmo compiles Upland, IN figures from 2 recent recorded sales, 92 tracked off-market properties, the current Upland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
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: 1,971 zoned acres across 10 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
