Commercial Real Estate Market in Perry, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 253 off-market properties in Perry, MI.
Market Trends
Perry, MI spans 55.5 square miles in Shiawassee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Perry, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Perry, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Perry, MI 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 Perry, MI 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
- Civic 41.8%
- Residential 17.6%
- Industrial 15.2%
- Mixed use 11.4%
- Commercial 0.5%
- Planned_development 0.3%
Largest Zones share of zoned land by district
One Family Residential
Agricultural Residential
One Family Residential
Public Lands
Commercial Business
Agricultural Residential (A-1)
The Agricultural Residential District, A -1, has been established to provide for lower density residential development and agricultural uses. Larger lot sizes will accommodate both residential and agricultural uses, while minimizing the impact of development on the existing infrastructure. The specific interest of this district is to encourage the continued…
Market overview
Demographics & Economy
Perry, MI has 7,390 residents in 2,793 households. Density runs 133 people per square mile. Median household income here is $79,434 and median gross rent $972 a month.
7,390
Population
2,793
Households
2.6
Avg Household Size
41
Median Age
23%
College-Educated
95%
High-School Grad
55.5 sq mi
ZIP Area
133
Density / Sq Mi
$79,434
Median Household Income
$43,580
Median Earnings
$972
Median Rent
$217,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Morrice | — | — |
| Shaftsburg | — | — |
| Laingsburg | — | — |
| Bancroft | — | — |
Frequently Asked Questions
Where does Realmo's Perry market data come from?
Realmo compiles Perry, MI figures from 7 recent recorded sales, 13 active sale listings, 253 tracked off-market properties, the current Perry zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 0 active for-lease listings in Perry, MI. 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: 1,750 zoned acres across 12 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
