Commercial Real Estate Market in Vernon, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 26 off-market properties in Vernon, IN.
Market Trends
Vernon, IN spans 0.2 square miles in Jennings County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Vernon, 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 Vernon, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Vernon, 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 Vernon, 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 49.4%
- Agricultural 40.1%
- Commercial 7.1%
- Civic 2%
- Industrial 1.5%
Largest Zones share of zoned land by district
Residential Single Family
Agriculture
Commercial
Residential Multiple Family
Institutional
Residential Single Family (R-1F)
Residential Single-Family (R-1F) Districts are designed for detached single-family dwellings.
Market overview
Demographics & Economy
Vernon, IN has 236 residents in 127 households. Density runs 1,139 people per square mile. Median household income here is $67,188 and median gross rent $688 a month.
236
Population
127
Households
1.9
Avg Household Size
47
Median Age
22%
College-Educated
92%
High-School Grad
0.2 sq mi
ZIP Area
1,139
Density / Sq Mi
$67,188
Median Household Income
$45,962
Median Earnings
$688
Median Rent
$82,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Vernon | — | — |
| Queensville | — | — |
| Butlerville | — | — |
| Hayden | — | — |
Commercial property in Vernon, IN asks $43/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Vernon?
Commercial property in Vernon, IN asks an average of $43 per square foot. The 3 most recent recorded sales traded at a median of $22/SF, so asking sits 93% above the achieved median.
Where does Realmo's Vernon market data come from?
Realmo compiles Vernon, IN figures from 4 recent recorded sales, 3 active sale listings, 26 tracked off-market properties, the current Vernon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Vernon, 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: 106 zoned acres across 8 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
