Commercial Real Estate Market in Mount Vernon, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
65 active listings and 1,364 off-market properties in Mount Vernon, OH. Commercial property asks $7/SF to buy and $17.86/SF/Yr to lease.
Market Trends
Mount Vernon, OH spans 154.1 square miles in Knox County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mount Vernon, 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 Mount Vernon, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mount Vernon, 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 Mount Vernon, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Mount Vernon, OH has 29,594 residents in 13,416 households. Density runs 192 people per square mile. Median household income here is $65,044 and median gross rent $933 a month.
29,594
Population
13,416
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
154.1 sq mi
ZIP Area
192
Density / Sq Mi
$65,044
Median Household Income
$38,709
Median Earnings
$933
Median Rent
$199,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gambier | — | — |
| Fredricktwn | — | — |
| Fredericktown | — | — |
| Howard | — | — |
Commercial property in Mount Vernon, OH asks $7/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mount Vernon?
Commercial property in Mount Vernon, OH asks an average of $7 per square foot.
How much does it cost to lease commercial space in Mount Vernon?
Asking lease rates in Mount Vernon, OH average $17.86 per square foot per year.
Where does Realmo's Mount Vernon market data come from?
Realmo compiles Mount Vernon, OH figures from 52 active sale listings, 13 active lease listings, 1,364 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 52 active for-sale and 13 active for-lease listings in Mount Vernon, 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
