Commercial Real Estate Market in Waterloo, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 218 off-market properties in Waterloo, IN.
Market Trends
Waterloo, IN spans 53.0 square miles in DeKalb County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Waterloo, 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 Waterloo, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Waterloo, 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 Waterloo, 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
- Commercial 37.3%
- Industrial 31.3%
- Agricultural 16.3%
- Residential 12.9%
- Open space 2.1%
Largest Zones share of zoned land by district
Suburban Residential
Heavy Industrial Open
Agricultural
Urban Residential
General Business
Waterloo, IN zones 2,674 acres across 11 districts. Commercial zoning covers 37.3% of zoned land, residential 12.9%, open space 2.1% and industrial 31.3%. The largest single district is Suburban Residential at 26.2%. For commercial buyers the practical constraint is that only 68.6% of land carries a commercial or industrial designation.
Suburban Residential (SR)
SR: Suburban Residential. The Suburban Residential District is established for the purpose of low-density residential development. This district is intended to promote the new development of larger lot housing opportunities within the community. This area should be protected from conflicting land uses and non-family oriented businesses. UR: Urban Residential…
Market overview
Demographics & Economy
Waterloo, IN has 4,043 residents in 1,782 households. Density runs 76 people per square mile. Median household income here is $74,412 and median gross rent $840 a month.
4,043
Population
1,782
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
91%
High-School Grad
53 sq mi
ZIP Area
76
Density / Sq Mi
$74,412
Median Household Income
$36,672
Median Earnings
$840
Median Rent
$177,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sedan | — | — |
| Moore | — | — |
| Auburn | — | — |
| Fairfield Center | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Waterloo?
Waterloo, IN zones 2,674 acres across 11 districts, of which 37.3% is commercial and 31.3% industrial. The largest single district is Suburban Residential at 26.2% of zoned land. SR: Suburban Residential. The Suburban Residential District is established for the purpose of low-density residential development. This district is intended to promote the new development of larger lot housing opportunities within the community. This area should be protected from conflicting land uses and non-family oriented businesses. UR: Urban Residential… Residential zoning covers 12.9% and open space 2.1%.
Where does Realmo's Waterloo market data come from?
Realmo compiles Waterloo, IN figures from 3 active sale listings, 218 tracked off-market properties, the current Waterloo 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 Waterloo, 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: 2,674 zoned acres across 11 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
