Commercial Real Estate Market in Wheatland, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Wheatland, IN spans 49.0 square miles in Knox County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Wheatland, 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 Wheatland, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Wheatland, 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 Wheatland, 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 84.1%
- Commercial 9.9%
- Industrial 6.1%
Largest Zones share of zoned land by district
Rural Residence District
Single Family Residence District
General Business District
Mixed Residence District
Light Industrial District
Wheatland, IN zones 479 acres across 7 districts. Commercial zoning covers 9.9% of zoned land, residential 84.1% and industrial 6.1%. The largest single district is Rural Residence District at 45%. For commercial buyers the practical constraint is that only 15.9% of land carries a commercial or industrial designation.
Rural Residence District (RA)
The purpose of the RA District is to provide for the development of single family residential estate homes in a semi rural, residential environment. This district is a large lot residential district and is located adjacent to farming areas. It is the intent that rural residential developments do not interfere with adjacent or nearby farming operations and th…
Market overview
Demographics & Economy
Wheatland, IN has 961 residents in 370 households. Density runs 20 people per square mile. Median household income here is $68,409 and median gross rent $729 a month.
961
Population
370
Households
2.6
Avg Household Size
42
Median Age
4%
College-Educated
92%
High-School Grad
49 sq mi
ZIP Area
20
Density / Sq Mi
$68,409
Median Household Income
$36,923
Median Earnings
$729
Median Rent
$140,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Monroe City | — | — |
| Maysville | — | — |
| Indian Creek Settlement | — | — |
| Ragsdale | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Wheatland?
Wheatland, IN zones 479 acres across 7 districts, of which 9.9% is commercial and 6.1% industrial. The largest single district is Rural Residence District at 45% of zoned land. The purpose of the RA District is to provide for the development of single family residential estate homes in a semi rural, residential environment. This district is a large lot residential district and is located adjacent to farming areas. It is the intent that rural residential developments do not interfere with adjacent or nearby farming operations and th… Residential zoning covers 84.1% and open space 0%.
Methodology & data sources
- 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: 479 zoned acres across 7 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
