Commercial Real Estate Market in Sherman, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 11 off-market properties in Sherman, MS.
Market Trends
Sherman, MS spans 94.4 square miles in Pontotoc County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Sherman, 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 Sherman, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Sherman, 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 Sherman, 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 65.2%
- Commercial 26.6%
- Industrial 5.1%
- Civic 2%
- Mixed use 1.1%
Largest Zones share of zoned land by district
Agricultural
Estate Residential
Highway Commercial
Low Density Residential
General Commercial
Sherman, MS zones 3,176 acres across 11 districts. Commercial zoning covers 26.6% of zoned land, residential 65.2% and industrial 5.1%. The largest single district is Agricultural at 31.4%. For commercial buyers the practical constraint is that only 31.7% of land carries a commercial or industrial designation.
Agricultural (A-1)
The Agricultural District is established to preserve expansive land areas that are primarily dedicated for some type of agricultural purpose such as, but not limited to, cropland, timberland, or livestock, and may include extremely low density housing arrangements or other complimentary rural uses
Market overview
Demographics & Economy
Sherman, MS has 4,969 residents in 1,982 households. Density runs 53 people per square mile. Median household income here is $55,032 and median gross rent $879 a month.
4,969
Population
1,982
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
75%
High-School Grad
94.4 sq mi
ZIP Area
53
Density / Sq Mi
$55,032
Median Household Income
$36,568
Median Earnings
$879
Median Rent
$144,351
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Endville | — | — |
| Blue Springs | — | — |
| Fairfield | — | — |
| Chesterville | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Sherman?
Sherman, MS zones 3,176 acres across 11 districts, of which 26.6% is commercial and 5.1% industrial. The largest single district is Agricultural at 31.4% of zoned land. The Agricultural District is established to preserve expansive land areas that are primarily dedicated for some type of agricultural purpose such as, but not limited to, cropland, timberland, or livestock, and may include extremely low density housing arrangements or other complimentary rural uses Residential zoning covers 65.2% and open space 0%.
Where does Realmo's Sherman market data come from?
Realmo compiles Sherman, MS figures from 1 active sale listings, 11 tracked off-market properties, the current Sherman zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Sherman, 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: 3,176 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
