Commercial Real Estate Market in Waveland, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
17 active listings and 170 off-market properties in Waveland, MS. Commercial property asks $186/SF to buy and $10.40/SF/Yr to lease (based on 4 listings).
Market Trends
Waveland, MS spans 103.4 square miles in Hancock County, Mississippi. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Waveland, MS runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Waveland, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Waveland, MS has a median asking sale price of $126/SF (based on 5 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Waveland, MS has a median asking sale price of $332/SF (based on 3 listings). Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Bay Saint Louis | $256 | $16.34 |
| Long Beach | $110 | $27.11 |
Commercial property in Waveland, MS asks $186/SF. The 2 bordering markets run from $110/SF in Long Beach to $256/SF in Bay Saint Louis, and the city sits in line with their $183/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Waveland?
How much does it cost to lease commercial space in Waveland?
How does Waveland compare to nearby markets on price?
What zoning applies to commercial property in Waveland?
Where does Realmo's Waveland market data come from?
Methodology & data sources
- Asking prices and medians
- There are 11 active for-sale and 6 active for-lease listings in Waveland, MS. The medians are based on 10 of the for-sale and 4 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
