Commercial Real Estate Market in Richwood, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 193 off-market properties in Richwood, OH.
Market Trends
Richwood, OH spans 98.0 square miles in Union County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Richwood, 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 Richwood, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Richwood, 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 Richwood, OH 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 81.3%
- Planned_development 16.4%
- Industrial 2.3%
Largest Zones share of zoned land by district
Medium Density Residential
Low Density Residential
High Density Residential
Service Business
Light Manufacturing
Richwood, OH zones 813 acres across 7 districts. The largest single district is Medium Density Residential at 59.2%. For commercial buyers the practical constraint is that only 2.3% of land carries a commercial or industrial designation.
Medium Density Residential (R-2)
The purpose of the R-2 District is to permit the establishment of medium density single family dwellings not to exceed 6 dwelling units per gross acre. This district is also designed to permit multi-family dwellings as a conditional use and the conversion of large older houses as a conditional use in well established neighborhoods to multi-family units. Cent…
Market overview
Demographics & Economy
Richwood, OH has 5,702 residents in 2,684 households. Density runs 58 people per square mile. Median household income here is $80,087 and median gross rent $845 a month.
5,702
Population
2,684
Households
2.1
Avg Household Size
39
Median Age
14%
College-Educated
96%
High-School Grad
98 sq mi
ZIP Area
58
Density / Sq Mi
$80,087
Median Household Income
$49,458
Median Earnings
$845
Median Rent
$218,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Magnetic Springs | — | — |
| Prospect | — | — |
| Radnor | — | — |
| Broadway | — | — |
Commercial property in Richwood, OH asks $6/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Richwood?
Commercial property in Richwood, OH asks an average of $6 per square foot. The 6 most recent recorded sales traded at a median of $113/SF.
What zoning applies to commercial property in Richwood?
Richwood, OH zones 813 acres across 7 districts, of which 0% is commercial and 2.3% industrial. The largest single district is Medium Density Residential at 59.2% of zoned land. The purpose of the R-2 District is to permit the establishment of medium density single family dwellings not to exceed 6 dwelling units per gross acre. This district is also designed to permit multi-family dwellings as a conditional use and the conversion of large older houses as a conditional use in well established neighborhoods to multi-family units. Cent… Residential zoning covers 81.3% and open space 0%.
Where does Realmo's Richwood market data come from?
Realmo compiles Richwood, OH figures from 7 recent recorded sales, 16 active sale listings, 193 tracked off-market properties, the current Richwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 0 active for-lease listings in Richwood, 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: 813 zoned acres across 7 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
