Commercial Real Estate Market in Indianola, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
27 active listings and 388 off-market properties in Indianola, MS.
Market Trends
Indianola, MS spans 163.0 square miles in Sunflower County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Indianola, 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 Indianola, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Indianola, 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 Indianola, 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
- Agricultural 63%
- Residential 27.1%
- Industrial 5.4%
- Commercial 4.6%
Largest Zones share of zoned land by district
General Agricultural District
Single Family Residential District
Single Family Residential District
Highway Commercial District
Heavy Industrial District
General Agricultural District (A-1)
Each one-family dwelling in the A-1 district, together with its accessory buildings, hereafter erected, shall be located on a parcel having an area of not less than one acre and shall front on a dedicated public street. However, nothing in this chapter shall prevent the erection of one one-family dwelling, or the use of the land for agricultural purposes on…
Market overview
Demographics & Economy
Indianola, MS has 10,682 residents in 4,383 households. Density runs 66 people per square mile. Median household income here is $42,965 and median gross rent $760 a month.
10,682
Population
4,383
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
81%
High-School Grad
163 sq mi
ZIP Area
66
Density / Sq Mi
$42,965
Median Household Income
$31,478
Median Earnings
$760
Median Rent
$126,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Holly Ridge | — | — |
| Heathman | — | — |
| Long | — | — |
| Dunleith | — | — |
Commercial property in Indianola, MS asks $45/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Indianola?
Commercial property in Indianola, MS asks an average of $45 per square foot.
Where does Realmo's Indianola market data come from?
Realmo compiles Indianola, MS figures from 27 active sale listings, 388 tracked off-market properties, the current Indianola zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 27 active for-sale and 0 active for-lease listings in Indianola, 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: 17,265 zoned acres across 10 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
