Commercial Real Estate Market in New Albany, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
83 active listings and 499 off-market properties in New Albany, MS.
Market Trends
New Albany, MS spans 154.4 square miles in Union County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Albany, 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 New Albany, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in New Albany, 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 New Albany, MS runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
New Albany, MS has 16,657 residents in 6,977 households. Density runs 108 people per square mile. Median household income here is $54,321 and median gross rent $918 a month.
16,657
Population
6,977
Households
2.4
Avg Household Size
40
Median Age
19%
College-Educated
80%
High-School Grad
154.4 sq mi
ZIP Area
108
Density / Sq Mi
$54,321
Median Household Income
$36,359
Median Earnings
$918
Median Rent
$162,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Haven | — | — |
| Pumpkin Center | — | — |
| Center | — | — |
| Wallerville | — | — |
Commercial property in New Albany, MS asks $71/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Albany?
Commercial property in New Albany, MS asks an average of $71 per square foot.
Where does Realmo's New Albany market data come from?
Realmo compiles New Albany, MS figures from 82 active sale listings, 1 active lease listings, 499 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 82 active for-sale and 1 active for-lease listings in New Albany, 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.
- 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
