Commercial Real Estate Market in Richland, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
38 active listings and 421 off-market properties in Richland, MS.
Market Trends
Richland, MS spans 17.7 square miles in Rankin County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Richland, MS asks $100/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Richland, MS asks $65/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 Richland, 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 space in Richland, MS asks $108/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 40.3%
- Industrial 28.8%
- Residential 24.3%
- Commercial 5.2%
- Civic 1.4%
Largest Zones share of zoned land by district
Agricultural District
Limited Industrial District
Residential Estate
Commercial District
Low Density Residential
Agricultural District (A-1)
The purposes of these districts are to conserve land for agricultural use, to prevent the premature development of land, and to prevent urban and agricultural land use conflicts
Market overview
Demographics & Economy
Richland, MS has 7,231 residents in 2,950 households. Density runs 408 people per square mile. Median household income here is $63,103 and median gross rent $1,146 a month.
7,231
Population
2,950
Households
2.5
Avg Household Size
36
Median Age
26%
College-Educated
89%
High-School Grad
17.7 sq mi
ZIP Area
408
Density / Sq Mi
$63,103
Median Household Income
$37,279
Median Earnings
$1,146
Median Rent
$135,100
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
Where does Realmo's Richland market data come from?
Realmo compiles Richland, MS figures from 30 active sale listings, 8 active lease listings, 421 tracked off-market properties, the current Richland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 8 active for-lease listings in Richland, 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: 7,631 zoned acres across 13 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
