Commercial Real Estate Market in Litchfield, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 90 off-market properties in Litchfield, OH.
Market Trends
Litchfield, OH spans 27.5 square miles in Medina County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Litchfield, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Litchfield, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Litchfield, OH 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 Litchfield, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Litchfield, OH has 3,438 residents in 1,412 households. Density runs 125 people per square mile. Median household income here is $87,188 and median gross rent $2,005 a month.
3,438
Population
1,412
Households
2.4
Avg Household Size
48
Median Age
23%
College-Educated
97%
High-School Grad
27.5 sq mi
ZIP Area
125
Density / Sq Mi
$87,188
Median Household Income
$36,613
Median Earnings
$2,005
Median Rent
$260,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lagrange | — | — |
| Grafton | — | — |
| Spencer | — | — |
| Valley City | — | — |
Frequently Asked Questions
How much does it cost to lease commercial space in Litchfield?
Asking lease rates in Litchfield, OH average $9.60 per square foot per year.
Where does Realmo's Litchfield market data come from?
Realmo compiles Litchfield, OH figures from 4 recent recorded sales, 5 active sale listings, 2 active lease listings, 90 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 2 active for-lease listings in Litchfield, OH. 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.
- 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
