Commercial Real Estate Market in Valparaiso, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
212 active listings and 1,784 off-market properties in Valparaiso, IN. Commercial property asks $11/SF to buy and $20.27/SF/Yr to lease.
Market Trends
Valparaiso, IN spans 168.3 square miles in Porter County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Valparaiso, IN asks $139/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Valparaiso, IN asks $134/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Valparaiso, 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 Valparaiso, 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 45.8%
- Industrial 19.2%
- Civic 15%
- Commercial 12.9%
- Planned_development 5.3%
- Agricultural 1.1%
- Mixed use 0.8%
Largest Zones share of zoned land by district
Suburban Residential
Residential General
Commercial General
Heavy Industrial
Public Space
Valparaiso, IN zones 11,015 acres across 21 districts. Commercial zoning covers 12.9% of zoned land, residential 45.8% and industrial 19.2%. The largest single district is Suburban Residential at 18.3%. For commercial buyers the practical constraint is that only 32.2% of land carries a commercial or industrial designation.
Suburban Residential (SR)
This district is the primary low-density residential district. It is intended to permit a wide range of residential uses on larger lots and to encourage a variety of housing types.
Market overview
Demographics & Economy
Valparaiso, IN has 83,813 residents in 34,414 households. Density runs 498 people per square mile. Median household income here is $86,372 and median gross rent $1,184 a month.
83,813
Population
34,414
Households
2.4
Avg Household Size
40
Median Age
36%
College-Educated
95%
High-School Grad
168.3 sq mi
ZIP Area
498
Density / Sq Mi
$86,372
Median Household Income
$46,817
Median Earnings
$1,184
Median Rent
$281,858
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Valpo | — | — |
| Wheeler | — | — |
| Wanatah | — | — |
| Boone Grove | — | — |
Commercial property in Valparaiso, IN asks $11/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Valparaiso?
Commercial property in Valparaiso, IN asks an average of $11 per square foot. Office carries the highest asking price at $139/SF.
How much does it cost to lease commercial space in Valparaiso?
Asking lease rates in Valparaiso, IN average $20.27 per square foot per year.
What zoning applies to commercial property in Valparaiso?
Valparaiso, IN zones 11,015 acres across 21 districts, of which 12.9% is commercial and 19.2% industrial. The largest single district is Suburban Residential at 18.3% of zoned land. This district is the primary low-density residential district. It is intended to permit a wide range of residential uses on larger lots and to encourage a variety of housing types. Residential zoning covers 45.8% and open space 0%.
Where does Realmo's Valparaiso market data come from?
Realmo compiles Valparaiso, IN figures from 153 active sale listings, 59 active lease listings, 1,784 tracked off-market properties, the current Valparaiso zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 153 active for-sale and 59 active for-lease listings in Valparaiso, 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: 11,015 zoned acres across 21 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
