Commercial Real Estate Market in Cleveland, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
33 active listings and 729 off-market properties in Cleveland, MS.
Market Trends
Cleveland, MS spans 88.4 square miles in Bolivar County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cleveland, MS runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Cleveland, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Cleveland, MS runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Cleveland, MS runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 60.9%
- Civic 17.6%
- Commercial 17.1%
- Industrial 4.2%
- Planned_development 0.2%
Largest Zones share of zoned land by district
Residential 2 District
Government District
Business 3 Highway Commercial District
Residential 1 District
Residential 3 District
Cleveland, MS zones 4,824 acres across 14 districts. Commercial zoning covers 17.1% of zoned land, residential 60.9% and industrial 4.2%. The largest single district is Residential 2 District at 37.1%. For commercial buyers the practical constraint is that only 21.3% of land carries a commercial or industrial designation.
Residential 2 District (R-2)
Sec. 609. - R-2: Residential District. This zoning district is designed and intended as a residential area with single-family detached homes and smaller lots than the R-1, but still with a low density or suburban level of development. This zoning district is the most common residential district in Cleveland. Permitted Uses: The following uses are identified…
Market overview
Demographics & Economy
Cleveland, MS has 17,664 residents in 7,357 households. Density runs 200 people per square mile. Median household income here is $44,239 and median gross rent $776 a month.
17,664
Population
7,357
Households
2.4
Avg Household Size
36
Median Age
32%
College-Educated
84%
High-School Grad
88.4 sq mi
ZIP Area
200
Density / Sq Mi
$44,239
Median Household Income
$34,531
Median Earnings
$776
Median Rent
$163,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Delta State | — | — |
| Renova | — | — |
| Boyle | — | — |
| Skene | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Cleveland?
Cleveland, MS zones 4,824 acres across 14 districts, of which 17.1% is commercial and 4.2% industrial. The largest single district is Residential 2 District at 37.1% of zoned land. Sec. 609. - R-2: Residential District. This zoning district is designed and intended as a residential area with single-family detached homes and smaller lots than the R-1, but still with a low density or suburban level of development. This zoning district is the most common residential district in Cleveland. Permitted Uses: The following uses are identified… Residential zoning covers 60.9% and open space 0%.
Where does Realmo's Cleveland market data come from?
Realmo compiles Cleveland, MS figures from 29 active sale listings, 4 active lease listings, 729 tracked off-market properties, the current Cleveland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 29 active for-sale and 4 active for-lease listings in Cleveland, MS. 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: 4,824 zoned acres across 14 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 South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South 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
