Commercial Real Estate Market in Versailles, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 191 off-market properties in Versailles, IN.
Market Trends
Versailles, IN spans 68.3 square miles in Ripley County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Versailles, 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 Versailles, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Versailles, 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 Versailles, 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 72.5%
- Industrial 15.7%
- Commercial 11.5%
Largest Zones share of zoned land by district
Single Family Residence District
General Business District
Local Business District
Multifamily Residence District
Enclosed Industrial District
Versailles, IN zones 1,640 acres across 9 districts. Commercial zoning covers 11.5% of zoned land, residential 72.5% and industrial 15.7%. The largest single district is Single Family Residence District at 60.4%. For commercial buyers the practical constraint is that only 27.3% of land carries a commercial or industrial designation.
Single Family Residence District (R1)
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
Market overview
Demographics & Economy
Versailles, IN has 4,375 residents in 1,930 households. Density runs 64 people per square mile. Median household income here is $74,401 and median gross rent $717 a month.
4,375
Population
1,930
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
88%
High-School Grad
68.3 sq mi
ZIP Area
64
Density / Sq Mi
$74,401
Median Household Income
$45,677
Median Earnings
$717
Median Rent
$178,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Osgood | — | — |
| Elrod | — | — |
| Dabney | — | — |
| Pierceville | — | — |
Commercial property in Versailles, IN asks $265/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Versailles?
Commercial property in Versailles, IN asks an average of $265 per square foot.
What zoning applies to commercial property in Versailles?
Versailles, IN zones 1,640 acres across 9 districts, of which 11.5% is commercial and 15.7% industrial. The largest single district is Single Family Residence District at 60.4% of zoned land. 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 Residential zoning covers 72.5% and open space 0%.
Where does Realmo's Versailles market data come from?
Realmo compiles Versailles, IN figures from 5 active sale listings, 191 tracked off-market properties, the current Versailles zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Versailles, 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: 1,640 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
