Commercial Real Estate Market in Alma, KS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 85 off-market properties in Alma, KS.
Market Trends
Alma, KS spans 241.4 square miles in Wabaunsee County, Kansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Alma, KS runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Alma, KS runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Alma, KS 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 Alma, KS 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 71.5%
- Industrial 23.6%
- Commercial 4.9%
Largest Zones share of zoned land by district
Single Family Residential
Planned Light Industrial
Planned Heavy Industrial
Planned Central Business
Planned Apartment House
Alma, KS zones 386 acres across 7 districts. Commercial zoning covers 4.9% of zoned land, residential 71.5% and industrial 23.6%. The largest single district is Single Family Residential at 70.1%. For commercial buyers the practical constraint is that only 28.5% of land carries a commercial or industrial designation.
Single Family Residential (R-1B)
The purpose of this District is to provide for single-family residential development inside the incorporated cities of a higher density, serviced by public utilities, and accessible to public infrastructure capable of supporting the development
Market overview
Demographics & Economy
Alma, KS has 2,016 residents in 1,188 households. Density runs 8 people per square mile. Median household income here is $60,661.
2,016
Population
1,188
Households
1.7
Avg Household Size
45
Median Age
28%
College-Educated
97%
High-School Grad
241.4 sq mi
ZIP Area
8
Density / Sq Mi
$60,661
Median Household Income
$42,076
Median Earnings
$0
Median Rent
$177,440
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| McFarland | — | — |
| Paxico | — | — |
| Wamego | — | — |
| Saint George | — | — |
Commercial property in Alma, KS asks $156/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Alma?
Commercial property in Alma, KS asks an average of $156 per square foot.
What zoning applies to commercial property in Alma?
Alma, KS zones 386 acres across 7 districts, of which 4.9% is commercial and 23.6% industrial. The largest single district is Single Family Residential at 70.1% of zoned land. The purpose of this District is to provide for single-family residential development inside the incorporated cities of a higher density, serviced by public utilities, and accessible to public infrastructure capable of supporting the development Residential zoning covers 71.5% and open space 0%.
Where does Realmo's Alma market data come from?
Realmo compiles Alma, KS figures from 2 active sale listings, 85 tracked off-market properties, the current Alma zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Alma, KS. 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: 386 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
