Commercial Real Estate Market in Washington, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
56 active listings and 678 off-market properties in Washington, IN. Commercial property asks $9/SF to buy and $13.05/SF/Yr to lease.
Market Trends
Washington, IN spans 139.4 square miles in Daviess County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Washington, 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 Washington, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Washington, 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 Washington, 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 61.5%
- Commercial 12.4%
- Industrial 9.7%
- Planned_development 0.3%
Largest Zones share of zoned land by district
Agricultural District
No Zoning
Single And Two Family Residence
Local Business
Industrial
Washington, IN zones 25,379 acres across 12 districts. Commercial zoning covers 12.4% of zoned land, residential 61.5% and industrial 9.7%. The largest single district is Agricultural District at 39.7%. For commercial buyers the practical constraint is that only 22.1% of land carries a commercial or industrial designation.
Agricultural District (A/G)
This district is established to permit the full range of agricultural activities as well as certain planned large lot residential development with development standards, which protect the full range of agricultural uses as determined by the Plan Commission, and other uses customarily conducted in agricultural areas.
Market overview
Demographics & Economy
Washington, IN has 18,003 residents in 7,696 households. Density runs 129 people per square mile. Median household income here is $60,476 and median gross rent $857 a month.
18,003
Population
7,696
Households
2.3
Avg Household Size
39
Median Age
16%
College-Educated
85%
High-School Grad
139.4 sq mi
ZIP Area
129
Density / Sq Mi
$60,476
Median Household Income
$36,750
Median Earnings
$857
Median Rent
$155,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Washington | — | — |
| Maysville | — | — |
| Capehart | — | — |
| Montgomery | — | — |
Commercial property in Washington, IN asks $9/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Washington?
Commercial property in Washington, IN asks an average of $9 per square foot.
How much does it cost to lease commercial space in Washington?
Asking lease rates in Washington, IN average $13.05 per square foot per year.
What zoning applies to commercial property in Washington?
Washington, IN zones 25,379 acres across 12 districts, of which 12.4% is commercial and 9.7% industrial. The largest single district is Agricultural District at 39.7% of zoned land. This district is established to permit the full range of agricultural activities as well as certain planned large lot residential development with development standards, which protect the full range of agricultural uses as determined by the Plan Commission, and other uses customarily conducted in agricultural areas. Residential zoning covers 61.5% and open space 0%.
Where does Realmo's Washington market data come from?
Realmo compiles Washington, IN figures from 52 active sale listings, 4 active lease listings, 678 tracked off-market properties, the current Washington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 52 active for-sale and 4 active for-lease listings in Washington, 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: 25,379 zoned acres across 12 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
