Commercial Real Estate Market in Hays, KS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
60 active listings and 1,256 off-market properties in Hays, KS.
Market Trends
Hays, KS spans 359.9 square miles in Ellis County, Kansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hays, 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 Hays, KS runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hays, 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 Hays, 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
- Agricultural 76.9%
- Residential 8.7%
- Civic 6.6%
- Industrial 4.4%
- Commercial 3.3%
- Mixed use 0.2%
Largest Zones share of zoned land by district
Agriculture District
Public And Institutional District
Neighborhood Conservation
Commercial General District
Light Industrial District
Agriculture District (A-L)
The purpose of the agriculture district is to provide for new and existing agricultural uses and agricultural support uses. In general, these areas are intended to allow foragriculturaldevelopmenton the fringes of the City.
Market overview
Demographics & Economy
Hays, KS has 24,598 residents in 11,273 households. Density runs 68 people per square mile. Median household income here is $58,527 and median gross rent $902 a month.
24,598
Population
11,273
Households
2.2
Avg Household Size
33
Median Age
42%
College-Educated
95%
High-School Grad
359.9 sq mi
ZIP Area
68
Density / Sq Mi
$58,527
Median Household Income
$31,970
Median Earnings
$902
Median Rent
$220,912
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Catharine | — | — |
| Antonino | — | — |
| Victoria | — | — |
| Schoenchen | — | — |
Commercial property in Hays, KS asks $136/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hays?
Commercial property in Hays, KS asks an average of $136 per square foot.
Where does Realmo's Hays market data come from?
Realmo compiles Hays, KS figures from 53 active sale listings, 7 active lease listings, 1,256 tracked off-market properties, the current Hays zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 53 active for-sale and 7 active for-lease listings in Hays, 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: 43,828 zoned acres across 15 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
