Commercial Real Estate Market in Waveland, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
205 active listings and 170 off-market properties in Waveland, MS. Commercial property asks $52/SF to buy and $9.88/SF/Yr to lease.
Market Trends
Waveland, MS spans 103.4 square miles in Hancock County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Waveland, 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 Waveland, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Waveland, 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 Waveland, 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 83.6%
- Commercial 11.4%
- Mixed use 2.6%
- Industrial 1%
Largest Zones share of zoned land by district
Single Family Residential District
Commercial Highway District
Special Use District
Single Two And Multifamily Residential District
Heavy Industrial District
Waveland, MS zones 5,572 acres across 11 districts. Commercial zoning covers 11.4% of zoned land, residential 83.6% and industrial 1%. The largest single district is Single Family Residential District at 81.3%. For commercial buyers the practical constraint is that only 12.4% of land carries a commercial or industrial designation.
Commercial Highway District (C-3)
Section 610. Use Requirements for a Commercial Highway District, C-3 The purpose of this district is to provide for retail and service outlets serving not only nearby residential areas, but distant areas as well and especially the needs of through Zoning Ordinance City of Waveland 74 highway traffic. The districts are located primarily along heavily travelle…
Market overview
Demographics & Economy
Waveland, MS has 21,489 residents in 12,081 households. Density runs 208 people per square mile. Median household income here is $63,690 and median gross rent $962 a month.
21,489
Population
12,081
Households
1.8
Avg Household Size
43
Median Age
27%
College-Educated
89%
High-School Grad
103.4 sq mi
ZIP Area
208
Density / Sq Mi
$63,690
Median Household Income
$40,331
Median Earnings
$962
Median Rent
$206,730
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bay Saint Louis | — | $20.00 |
| Clermont Harbor | — | — |
| Bayside Park | — | — |
| Lakeshore | — | — |
Commercial property in Waveland, MS asks $52/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waveland?
Commercial property in Waveland, MS asks an average of $52 per square foot.
How much does it cost to lease commercial space in Waveland?
Asking lease rates in Waveland, MS average $9.88 per square foot per year.
What zoning applies to commercial property in Waveland?
Waveland, MS zones 5,572 acres across 11 districts, of which 11.4% is commercial and 1% industrial. The largest single district is Single Family Residential District at 81.3% of zoned land. Residential zoning covers 83.6% and open space 0%.
Where does Realmo's Waveland market data come from?
Realmo compiles Waveland, MS figures from 200 active sale listings, 5 active lease listings, 170 tracked off-market properties, the current Waveland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 200 active for-sale and 5 active for-lease listings in Waveland, 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: 5,572 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
