Commercial Real Estate Market in Westfield, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
58 active listings and 795 off-market properties in Westfield, IN.
Market Trends
Westfield, IN spans 101.2 square miles in Hamilton County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Westfield, 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 Westfield, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Westfield, 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 Westfield, 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
- Planned_development 53.9%
- Residential 41.2%
- Industrial 2.6%
- Commercial 1.5%
Largest Zones share of zoned land by district
Planned Unit Development
Agriculture Single Family Rural District
Single Family Low Density
Single Family Medium Density
Single Family Medium Density Cluster
Planned Unit Development (PUD)
The PUD District is intended to encourage flexibility and innovation in the development of land in order to promote its most appropriate Use, Improve the design, character and quality of new developments,Encourage a harmonious and appropriate mix of uses. Facilitate the adequate and economic provision of streets, utilities and municipal services.
Market overview
Demographics & Economy
Westfield, IN has 88,829 residents in 35,597 households. Density runs 878 people per square mile. Median household income here is $117,924 and median gross rent $1,468 a month.
88,829
Population
35,597
Households
2.5
Avg Household Size
37
Median Age
58%
College-Educated
97%
High-School Grad
101.2 sq mi
ZIP Area
878
Density / Sq Mi
$117,924
Median Household Income
$59,388
Median Earnings
$1,468
Median Rent
$369,713
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cicero | — | — |
| Arcadia | — | — |
| Atlanta | — | — |
| Noblesville | — | $21.38 |
Frequently Asked Questions
Where does Realmo's Westfield market data come from?
Realmo compiles Westfield, IN figures from 4 recent recorded sales, 35 active sale listings, 23 active lease listings, 795 tracked off-market properties, the current Westfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 35 active for-sale and 23 active for-lease listings in Westfield, 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: 18,621 zoned acres across 23 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
