Commercial Real Estate Market in Laurel, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
103 active listings and 1,387 off-market properties in Laurel, MS.
Market Trends
Laurel, MS spans 309.8 square miles in Jones County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Laurel, 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 Laurel, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Laurel, 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 Laurel, 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 42.2%
- Industrial 29%
- Agricultural 15.5%
- Commercial 13.3%
Largest Zones share of zoned land by district
Low Density Residential District
Heavy Industrial District
General Agricultural District
Medium Density Residential District
Heavy Commercial District
Laurel, MS zones 10,140 acres across 14 districts. Commercial zoning covers 13.3% of zoned land, residential 42.2% and industrial 29%. The largest single district is Low Density Residential District at 28.1%. For commercial buyers the practical constraint is that only 42.3% of land carries a commercial or industrial designation.
Low Density Residential District (R-1)
SECTION 402. R-1 LOW DENSITY RESIDENTIAL DISTRICT. 402.01. General Description. This is the most restrictive residential district. The principal use of land is for single- family dwellings and with special permission related recreational, religious and educational facilities normally required to provide the basic elements of a balanced and attractive residen…
Market overview
Demographics & Economy
Laurel, MS has 42,697 residents in 19,071 households. Density runs 138 people per square mile. Median household income here is $49,637 and median gross rent $795 a month.
42,697
Population
19,071
Households
2.2
Avg Household Size
38
Median Age
18%
College-Educated
88%
High-School Grad
309.8 sq mi
ZIP Area
138
Density / Sq Mi
$49,637
Median Household Income
$33,522
Median Earnings
$795
Median Rent
$128,363
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lightsey | — | — |
| Glade | — | — |
| Pineview | — | — |
| Shady Grove | — | — |
Commercial property in Laurel, MS asks $9/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Laurel?
Commercial property in Laurel, MS asks an average of $9 per square foot.
What zoning applies to commercial property in Laurel?
Laurel, MS zones 10,140 acres across 14 districts, of which 13.3% is commercial and 29% industrial. The largest single district is Low Density Residential District at 28.1% of zoned land. SECTION 402. R-1 LOW DENSITY RESIDENTIAL DISTRICT. 402.01. General Description. This is the most restrictive residential district. The principal use of land is for single- family dwellings and with special permission related recreational, religious and educational facilities normally required to provide the basic elements of a balanced and attractive residen… Residential zoning covers 42.2% and open space 0%.
Where does Realmo's Laurel market data come from?
Realmo compiles Laurel, MS figures from 100 active sale listings, 3 active lease listings, 1,387 tracked off-market properties, the current Laurel zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 100 active for-sale and 3 active for-lease listings in Laurel, 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: 10,140 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
