Commercial Real Estate Market in Louisville, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 410 off-market properties in Louisville, MS.
Market Trends
Louisville, MS spans 391.9 square miles in Winston County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Louisville, 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 Louisville, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Louisville, 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 Louisville, 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 51.5%
- Agricultural 22.7%
- Industrial 13.9%
- Commercial 11.9%
Largest Zones share of zoned land by district
Single Family Residential District Large Lot
Agricultural Area
Commercial Business
Heavy Manufacturing And Industrial
Single Family Residential District Small Lot
Louisville, MS zones 9,017 acres across 10 districts. Commercial zoning covers 11.9% of zoned land, residential 51.5% and industrial 13.9%. The largest single district is Single Family Residential District Large Lot at 39.6%. For commercial buyers the practical constraint is that only 25.9% of land carries a commercial or industrial designation.
Single Family Residential District Large Lot (R-1)
R-1, R-2, R-3 and RMF zoning. All equipment, supplies and repairs shall be conducted inside a building. 9.4. USES PROHIBITED: (1) Automobile Sales, New and Used; (2) Car Wash (3) Coal yards; (4) Domino Parlors; (5) Dry Cleaners and Laundries; (6) Fireworks Sales, except as permitted by local ordinance; (7) Large animal clinic, hospital or kennels; (8) Light…
Market overview
Demographics & Economy
Louisville, MS has 14,385 residents in 6,517 households. Density runs 37 people per square mile. Median household income here is $43,642 and median gross rent $634 a month.
14,385
Population
6,517
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
82%
High-School Grad
391.9 sq mi
ZIP Area
37
Density / Sq Mi
$43,642
Median Household Income
$30,367
Median Earnings
$634
Median Rent
$129,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Noxapater | — | — |
| Ackerman | — | — |
| Sturgis | — | — |
| Bradley | — | — |
Commercial property in Louisville, MS asks $1,568/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Louisville?
Commercial property in Louisville, MS asks an average of $1,568 per square foot.
What zoning applies to commercial property in Louisville?
Louisville, MS zones 9,017 acres across 10 districts, of which 11.9% is commercial and 13.9% industrial. The largest single district is Single Family Residential District Large Lot at 39.6% of zoned land. R-1, R-2, R-3 and RMF zoning. All equipment, supplies and repairs shall be conducted inside a building. 9.4. USES PROHIBITED: (1) Automobile Sales, New and Used; (2) Car Wash (3) Coal yards; (4) Domino Parlors; (5) Dry Cleaners and Laundries; (6) Fireworks Sales, except as permitted by local ordinance; (7) Large animal clinic, hospital or kennels; (8) Light… Residential zoning covers 51.5% and open space 0%.
Where does Realmo's Louisville market data come from?
Realmo compiles Louisville, MS figures from 26 active sale listings, 410 tracked off-market properties, the current Louisville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 0 active for-lease listings in Louisville, 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: 9,017 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
