Commercial Real Estate Market in Hernando, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
195 active listings and 338 off-market properties in Hernando, MS. Commercial property asks $3/SF to buy and $18.00/SF/Yr to lease.
Market Trends
Hernando, MS spans 162.3 square miles in DeSoto County, Mississippi. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Hernando, MS runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Hernando, MS asks $192/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hernando, 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 Hernando, 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 39.3%
- Planned_development 25.4%
- Agricultural 23.8%
- Industrial 6.5%
- Commercial 5.1%
Largest Zones share of zoned land by district
Planned Unit Development
Agricultural
Agricultural Residential
Light Industrial
Residential Single Family Medium Density
Planned Unit Development (PUD)
The "PUD" Planned Unit Development District. i. The purpose of the Planned Unit Development District is to provide for the development of planned total communities that provide a full range of residential types as well as certain commercial, office or light industrial uses designed to serve the inhabitants of the districts consistent with the General Develop…
Market overview
Demographics & Economy
Hernando, MS has 29,210 residents in 12,073 households. Density runs 180 people per square mile. Median household income here is $90,277 and median gross rent $1,203 a month.
29,210
Population
12,073
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
92%
High-School Grad
162.3 sq mi
ZIP Area
180
Density / Sq Mi
$90,277
Median Household Income
$53,275
Median Earnings
$1,203
Median Rent
$287,100
Median Home Value
Tools
Nearby Markets
Commercial property in Hernando, MS asks $3/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hernando?
Commercial property in Hernando, MS asks an average of $3 per square foot. Retail carries the highest asking price at $192/SF.
How much does it cost to lease commercial space in Hernando?
Asking lease rates in Hernando, MS average $18.00 per square foot per year.
Where does Realmo's Hernando market data come from?
Realmo compiles Hernando, MS figures from 189 active sale listings, 6 active lease listings, 338 tracked off-market properties, the current Hernando zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 189 active for-sale and 6 active for-lease listings in Hernando, 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: 14,524 zoned acres across 22 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
