Commercial Real Estate Market in Smithville, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 206 off-market properties in Smithville, OH.
Market Trends
Smithville, OH spans 17.0 square miles in Wayne County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Smithville, 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 Smithville, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Smithville, 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 Smithville, 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 72.4%
- Open space 11.4%
- Commercial 7.6%
- Industrial 6%
Largest Zones share of zoned land by district
Residence District
Conservation And Flood District
Multiple Residence District
Industrial District
Highway Commercial District
Smithville, OH zones 794 acres across 7 districts. Commercial zoning covers 7.6% of zoned land, residential 72.4%, open space 11.4% and industrial 6%. The largest single district is Residence District at 65.7%. For commercial buyers the practical constraint is that only 13.6% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Smithville, OH has 2,805 residents in 1,142 households. Density runs 165 people per square mile. Median household income here is $73,631 and median gross rent $855 a month.
2,805
Population
1,142
Households
2.5
Avg Household Size
40
Median Age
27%
College-Educated
96%
High-School Grad
17 sq mi
ZIP Area
165
Density / Sq Mi
$73,631
Median Household Income
$42,128
Median Earnings
$855
Median Rent
$195,900
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Smithville?
Smithville, OH zones 794 acres across 7 districts, of which 7.6% is commercial and 6% industrial. The largest single district is Residence District at 65.7% of zoned land. Residential zoning covers 72.4% and open space 11.4%.
Where does Realmo's Smithville market data come from?
Realmo compiles Smithville, OH figures from 2 recent recorded sales, 1 active sale listings, 1 active lease listings, 206 tracked off-market properties, the current Smithville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 1 active for-lease listings in Smithville, 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: 794 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
