Commercial Real Estate Market in Shannon, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 132 off-market properties in Shannon, MS.
Market Trends
Shannon, MS spans 73.1 square miles in Lee County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Shannon, MS asks $113/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 Shannon, MS asks $88/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 Shannon, 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 Shannon, 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 82.9%
- Commercial 8.7%
- Civic 3.9%
- Industrial 2.7%
- Mixed use 1.8%
Largest Zones share of zoned land by district
Low Density Residential District
Residential Estate District
Agricultural District
Medium Density Residential District
Commercial Corridor District
Shannon, MS zones 2,565 acres across 11 districts. Commercial zoning covers 8.7% of zoned land, residential 82.9% and industrial 2.7%. The largest single district is Low Density Residential District at 37.2%. For commercial buyers the practical constraint is that only 11.4% of land carries a commercial or industrial designation.
Low Density Residential District (R-2)
District is established to accommodate single family residential development along the outer edges of the urbanized areas
Market overview
Demographics & Economy
Shannon, MS has 4,905 residents in 2,240 households. Density runs 67 people per square mile. Median household income here is $52,985 and median gross rent $850 a month.
4,905
Population
2,240
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
88%
High-School Grad
73.1 sq mi
ZIP Area
67
Density / Sq Mi
$52,985
Median Household Income
$39,077
Median Earnings
$850
Median Rent
$138,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Old Union | — | — |
| Brewer | — | — |
| Nettleton | — | — |
| Verona | — | — |
Commercial property in Shannon, MS asks $35/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Shannon?
Commercial property in Shannon, MS asks an average of $35 per square foot. Office carries the highest asking price at $113/SF.
What zoning applies to commercial property in Shannon?
Shannon, MS zones 2,565 acres across 11 districts, of which 8.7% is commercial and 2.7% industrial. The largest single district is Low Density Residential District at 37.2% of zoned land. District is established to accommodate single family residential development along the outer edges of the urbanized areas Residential zoning covers 82.9% and open space 0%.
Where does Realmo's Shannon market data come from?
Realmo compiles Shannon, MS figures from 3 active sale listings, 132 tracked off-market properties, the current Shannon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Shannon, 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: 2,565 zoned acres across 11 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
