Commercial Real Estate Market in Winchester, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 412 off-market properties in Winchester, IN. Commercial property asks $274/SF to buy and $7.46/SF/Yr to lease.
Market Trends
Winchester, IN spans 122.1 square miles in Randolph County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Winchester, 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 Winchester, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Winchester, 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 Winchester, 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
- Industrial 50.1%
- Residential 43.1%
- Agricultural 1.8%
- Planned_development 1.2%
- Commercial 0.8%
Largest Zones share of zoned land by district
Residential Medium Density
General Industrial
Community Commercial
Regional Commercial
Residential High Density Urban
Winchester, IN zones 2,256 acres across 12 districts. Commercial zoning covers 0.8% of zoned land, residential 43.1% and industrial 50.1%. The largest single district is Residential Medium Density at 38.2%. For commercial buyers the practical constraint is that only 50.9% of land carries a commercial or industrial designation.
Residential Medium Density (R-1)
Residential, Medium Density (R1) Residential, High Density, Urban (R2) Residential, High Density (R3) Neighborhood Commercial (C1) Randolph County Unified Zoning Ordinance 199 ARTICLE XVII Tower Regulations 17.0 Intent The intent of the following standards is to provide sensible and reasonable use of land for towers such as telecommunication (radio, televisi…
Market overview
Demographics & Economy
Winchester, IN has 8,064 residents in 3,689 households. Density runs 66 people per square mile. Median household income here is $66,335 and median gross rent $780 a month.
8,064
Population
3,689
Households
2.2
Avg Household Size
43
Median Age
14%
College-Educated
92%
High-School Grad
122.1 sq mi
ZIP Area
66
Density / Sq Mi
$66,335
Median Household Income
$39,872
Median Earnings
$780
Median Rent
$110,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stone | — | — |
| Ink | — | — |
| Rural | — | — |
| Harrisville | — | — |
Commercial property in Winchester, IN asks $274/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Winchester?
Commercial property in Winchester, IN asks an average of $274 per square foot.
How much does it cost to lease commercial space in Winchester?
Asking lease rates in Winchester, IN average $7.46 per square foot per year.
What zoning applies to commercial property in Winchester?
Winchester, IN zones 2,256 acres across 12 districts, of which 0.8% is commercial and 50.1% industrial. The largest single district is Residential Medium Density at 38.2% of zoned land. Residential, Medium Density (R1) Residential, High Density, Urban (R2) Residential, High Density (R3) Neighborhood Commercial (C1) Randolph County Unified Zoning Ordinance 199 ARTICLE XVII Tower Regulations 17.0 Intent The intent of the following standards is to provide sensible and reasonable use of land for towers such as telecommunication (radio, televisi… Residential zoning covers 43.1% and open space 0%.
Where does Realmo's Winchester market data come from?
Realmo compiles Winchester, IN figures from 18 active sale listings, 5 active lease listings, 412 tracked off-market properties, the current Winchester zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 5 active for-lease listings in Winchester, 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: 2,256 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
