Commercial Real Estate Market in Iola, KS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
32 active listings and 429 off-market properties in Iola, KS.
Market Trends
Iola, KS spans 109.1 square miles in Allen County, Kansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Iola, KS runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Iola, KS runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Iola, KS 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 Iola, KS 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 53.9%
- Industrial 27.7%
- Commercial 15%
- Agricultural 3.4%
Largest Zones share of zoned land by district
Single Family Residential District
Industrial District
Two Family Residential District
General Business
Multiple Family Dwelling District
Iola, KS zones 3,067 acres across 8 districts. Commercial zoning covers 15% of zoned land, residential 53.9% and industrial 27.7%. The largest single district is Single Family Residential District at 31.5%. For commercial buyers the practical constraint is that only 42.8% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Iola, KS has 7,512 residents in 3,532 households. Density runs 69 people per square mile. Median household income here is $56,510 and median gross rent $715 a month.
7,512
Population
3,532
Households
2.1
Avg Household Size
40
Median Age
25%
College-Educated
94%
High-School Grad
109.1 sq mi
ZIP Area
69
Density / Sq Mi
$56,510
Median Household Income
$31,486
Median Earnings
$715
Median Rent
$101,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bassett | — | — |
| Gas | — | — |
| Carlyle | — | — |
| La Harpe | — | — |
Commercial property in Iola, KS asks $102/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Iola?
Commercial property in Iola, KS asks an average of $102 per square foot.
What zoning applies to commercial property in Iola?
Iola, KS zones 3,067 acres across 8 districts, of which 15% is commercial and 27.7% industrial. The largest single district is Single Family Residential District at 31.5% of zoned land. Residential zoning covers 53.9% and open space 0%.
Where does Realmo's Iola market data come from?
Realmo compiles Iola, KS figures from 32 active sale listings, 429 tracked off-market properties, the current Iola zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 0 active for-lease listings in Iola, KS. 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: 3,067 zoned acres across 8 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
