Commercial Real Estate Market in Walls, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 27 off-market properties in Walls, MS.
Market Trends
Walls, MS spans 24.2 square miles in DeSoto County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Walls, MS runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Walls, MS asks $298/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 Walls, 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 Walls, 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 61.5%
- Agricultural 13.4%
- Industrial 12.1%
- Planned_development 11.9%
- Commercial 1.1%
Largest Zones share of zoned land by district
Agricultural Residential
Agricultural
Light Industrial
Planned Unit Development
Residential Single Family Medium Density
Walls, MS zones 7,319 acres across 8 districts. Commercial zoning covers 1.1% of zoned land, residential 61.5% and industrial 12.1%. The largest single district is Agricultural Residential at 57.5%. For commercial buyers the practical constraint is that only 13.2% of land carries a commercial or industrial designation.
Agricultural Residential (A-R)
The A-R District is intended to encourage very low-density residential uses in an agricultural setting in the outlying parts of the County zoning jurisdiction. The low- density residential development is intended to occur generally on unsubdivided tracts of land whereon public water supply and a sanitary sewer service is impractical
Market overview
Demographics & Economy
Walls, MS has 6,582 residents in 2,949 households. Density runs 272 people per square mile. Median household income here is $68,567 and median gross rent $1,206 a month.
6,582
Population
2,949
Households
2.2
Avg Household Size
35
Median Age
21%
College-Educated
85%
High-School Grad
24.2 sq mi
ZIP Area
272
Density / Sq Mi
$68,567
Median Household Income
$41,992
Median Earnings
$1,206
Median Rent
$192,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Batesville | — | — |
| Courtland | — | — |
| Pope | — | — |
| Terza | — | — |
Commercial property in Walls, MS asks $3/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Walls?
Commercial property in Walls, MS asks an average of $3 per square foot. Retail carries the highest asking price at $298/SF.
What zoning applies to commercial property in Walls?
Walls, MS zones 7,319 acres across 8 districts, of which 1.1% is commercial and 12.1% industrial. The largest single district is Agricultural Residential at 57.5% of zoned land. The A-R District is intended to encourage very low-density residential uses in an agricultural setting in the outlying parts of the County zoning jurisdiction. The low- density residential development is intended to occur generally on unsubdivided tracts of land whereon public water supply and a sanitary sewer service is impractical Residential zoning covers 61.5% and open space 0%.
Where does Realmo's Walls market data come from?
Realmo compiles Walls, MS figures from 13 active sale listings, 27 tracked off-market properties, the current Walls zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 0 active for-lease listings in Walls, 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: 7,319 zoned acres across 8 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
