Commercial Real Estate Market in Millheim, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Millheim, PA spans 2.6 square miles in Centre County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Millheim, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Millheim, PA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Millheim, PA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in Millheim, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 40.7%
- Commercial 23.8%
- Residential 18.5%
- Mixed use 12.1%
- Industrial 3.2%
- Civic 1.6%
Largest Zones share of zoned land by district
Conservation And Agricultural
Village Residential Low Density
Village Residential
Village Mixed Use
Village Residential High Density
Conservation And Agricultural (A)
To preserve the most suitable land and soils for continued agricultural activities. To preserve areas of natural resources such as forests and stream corridors.
Market overview
Demographics & Economy
Millheim, PA has 884 residents in 361 households. Density runs 345 people per square mile. Median household income here is $66,667 and median gross rent $921 a month.
884
Population
361
Households
2.4
Avg Household Size
43
Median Age
28%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
345
Density / Sq Mi
$66,667
Median Household Income
$42,750
Median Earnings
$921
Median Rent
$221,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Aaronsburg | — | — |
| Coburn | — | — |
| Madisonburg | — | — |
| Rebersburg | — | — |
Frequently Asked Questions
Where does Realmo's Millheim market data come from?
Realmo compiles Millheim, PA figures from 4 recent recorded sales, 51 tracked off-market properties, the current Millheim zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- 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: 847 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 Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast 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
