Commercial Real Estate Market in Minerva, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 441 off-market properties in Minerva, OH.
Market Trends
Minerva, OH spans 63.2 square miles in Stark County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Minerva, 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 Minerva, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Minerva, 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 space in Minerva, OH asks $113/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 37.8%
- Commercial 21.2%
- Industrial 21.1%
- Agricultural 15.5%
Largest Zones share of zoned land by district
Industrial
Agricultural
Single Family Residence
One And Two Family Residence
Commercial
Minerva, OH zones 1,214 acres across 10 districts. Commercial zoning covers 21.2% of zoned land, residential 37.8% and industrial 21.1%. The largest single district is Industrial at 21.1%. For commercial buyers the practical constraint is that only 42.3% of land carries a commercial or industrial designation.
Industrial (M1)
The Intent of this to promote Industrial uses
Market overview
Demographics & Economy
Minerva, OH has 9,916 residents in 4,540 households. Density runs 157 people per square mile. Median household income here is $60,490 and median gross rent $795 a month.
9,916
Population
4,540
Households
2.2
Avg Household Size
44
Median Age
10%
College-Educated
90%
High-School Grad
63.2 sq mi
ZIP Area
157
Density / Sq Mi
$60,490
Median Household Income
$41,190
Median Earnings
$795
Median Rent
$157,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pekin | — | — |
| Bayard | — | — |
| East Rochester | — | — |
| Malvern | — | — |
Commercial property in Minerva, OH asks $515/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Minerva?
Commercial property in Minerva, OH asks an average of $515 per square foot. The 3 most recent recorded sales traded at a median of $26/SF, so asking sits 1855% above the achieved median. Multifamily carries the highest asking price at $113/SF.
What zoning applies to commercial property in Minerva?
Minerva, OH zones 1,214 acres across 10 districts, of which 21.2% is commercial and 21.1% industrial. The largest single district is Industrial at 21.1% of zoned land. The Intent of this to promote Industrial uses Residential zoning covers 37.8% and open space 0%.
Where does Realmo's Minerva market data come from?
Realmo compiles Minerva, OH figures from 6 recent recorded sales, 15 active sale listings, 2 active lease listings, 441 tracked off-market properties, the current Minerva zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 2 active for-lease listings in Minerva, 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.
- Zoning and land use
- The current municipal zoning release: 1,214 zoned acres across 10 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
