Commercial Real Estate Market in Zionsville, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
58 active listings and 555 off-market properties in Zionsville, IN. Commercial property asks $571/SF to buy and $33.75/SF/Yr to lease.
Market Trends
Zionsville, IN spans 44.3 square miles in Boone County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Zionsville, 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 Zionsville, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Zionsville, 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 Zionsville, 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 79.1%
- Civic 10%
- Planned_development 4.2%
- Industrial 2.5%
- Agricultural 1.9%
- Commercial 1.1%
Largest Zones share of zoned land by district
Rural General Agricultural District
Rural Single And Two Family Residential
Rural Single Family Residential
Urban Single Family Residential
Rural Equestrian District
Zionsville, IN zones 42,706 acres across 50 districts. Commercial zoning covers 1.1% of zoned land, residential 79.1% and industrial 2.5%. The largest single district is Rural General Agricultural District at 47.1%. For commercial buyers the practical constraint is that only 3.6% of land carries a commercial or industrial designation.
Rural General Agricultural District (AG-R)
The RuralAG, General Agricultural, District is hereby established to allow the opportunity for further rural residential development beyond constraints of the Rural AP, Rural Agricultural Preservation, District. however, residential development in this district remains limited.
Market overview
Demographics & Economy
Zionsville, IN has 33,969 residents in 13,104 households. Density runs 766 people per square mile. Median household income here is $160,868 and median gross rent $1,672 a month.
33,969
Population
13,104
Households
2.6
Avg Household Size
38
Median Age
73%
College-Educated
99%
High-School Grad
44.3 sq mi
ZIP Area
766
Density / Sq Mi
$160,868
Median Household Income
$83,190
Median Earnings
$1,672
Median Rent
$534,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Carmel | — | $42.34 |
| Whitestown | — | $22.88 |
| Williams Creek | — | — |
| Meridian Hills | — | — |
Commercial property in Zionsville, IN asks $571/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Zionsville?
Commercial property in Zionsville, IN asks an average of $571 per square foot.
How much does it cost to lease commercial space in Zionsville?
Asking lease rates in Zionsville, IN average $33.75 per square foot per year.
What zoning applies to commercial property in Zionsville?
Zionsville, IN zones 42,706 acres across 50 districts, of which 1.1% is commercial and 2.5% industrial. The largest single district is Rural General Agricultural District at 47.1% of zoned land. The RuralAG, General Agricultural, District is hereby established to allow the opportunity for further rural residential development beyond constraints of the Rural AP, Rural Agricultural Preservation, District. however, residential development in this district remains limited. Residential zoning covers 79.1% and open space 0%.
Where does Realmo's Zionsville market data come from?
Realmo compiles Zionsville, IN figures from 2 recent recorded sales, 41 active sale listings, 17 active lease listings, 555 tracked off-market properties, the current Zionsville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 41 active for-sale and 17 active for-lease listings in Zionsville, 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: 42,706 zoned acres across 50 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
