Commercial Real Estate Market in Utica, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings in Utica, IN.
Market Trends
Utica, IN spans 33.9 square miles in Clark County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Utica, 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 Utica, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Utica, 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 Utica, 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 62.3%
- Industrial 16.6%
- Commercial 3.8%
- Planned_development 2%
Largest Zones share of zoned land by district
Low Density Single Family Residential
Low Density Two Unit Residential
Industrial
Industrial
Utica Charlestown Road Corridor Zone
Utica, IN zones 1,703 acres across 10 districts. Commercial zoning covers 3.8% of zoned land, residential 62.3% and industrial 16.6%. The largest single district is Low Density Single Family Residential at 50%. For commercial buyers the practical constraint is that only 20.3% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Utica, IN has 48,481 residents in 22,602 households. Density runs 1,429 people per square mile. Median household income here is $68,412 and median gross rent $1,090 a month.
48,481
Population
22,602
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
1,429
Density / Sq Mi
$68,412
Median Household Income
$40,941
Median Earnings
$1,090
Median Rent
$203,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Prospect | — | $27.61 |
| Glenview | — | — |
| Green Spring | — | — |
| Jeffersonville | — | $15.68 |
Frequently Asked Questions
What zoning applies to commercial property in Utica?
Utica, IN zones 1,703 acres across 10 districts, of which 3.8% is commercial and 16.6% industrial. The largest single district is Low Density Single Family Residential at 50% of zoned land. Residential zoning covers 62.3% and open space 0%.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Utica, 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: 1,703 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
