Commercial Real Estate Market in Winona, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 255 off-market properties in Winona, MS.
Market Trends
Winona, MS spans 171.0 square miles in Montgomery County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Winona, 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 Winona, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Winona, 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 Winona, 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 87.2%
- Commercial 12.1%
- Industrial 0.7%
Largest Zones share of zoned land by district
Agricultural Residential District
Single Family Residential District
Single Family Residential District
Highway Commercial Restricted District
Highway Commercial District
Winona, MS zones 8,788 acres across 12 districts. Commercial zoning covers 12.1% of zoned land, residential 87.2% and industrial 0.7%. The largest single district is Agricultural Residential District at 66.7%. For commercial buyers the practical constraint is that only 12.8% of land carries a commercial or industrial designation.
Single Family Residential District (R-2)
Districts Sec. 3.1. Zoning Districts. Sec. 3.2. General Provisions. Article IV. Specific District Regulations Sec. 4.1. A-R Agricultural-Residential District. Sec. 4.2. R-1 Single Family Residential District. Sec. 4.3. R-2 Single Family Residential District. Sec. 4.4. R-3 Two Family Residential Restricted District. Sec. 4.5. R-4 Multi-Family Residential Dist…
Market overview
Demographics & Economy
Winona, MS has 6,590 residents in 3,523 households. Density runs 39 people per square mile. Median household income here is $39,632 and median gross rent $676 a month.
6,590
Population
3,523
Households
1.9
Avg Household Size
45
Median Age
23%
College-Educated
79%
High-School Grad
171 sq mi
ZIP Area
39
Density / Sq Mi
$39,632
Median Household Income
$35,700
Median Earnings
$676
Median Rent
$124,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Eskridge | — | — |
| McCarley | — | — |
| Kilmichael | — | — |
| Cedar Hill | — | — |
Commercial property in Winona, MS asks $132/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Winona?
Commercial property in Winona, MS asks an average of $132 per square foot.
What zoning applies to commercial property in Winona?
Winona, MS zones 8,788 acres across 12 districts, of which 12.1% is commercial and 0.7% industrial. The largest single district is Agricultural Residential District at 66.7% of zoned land. Residential zoning covers 87.2% and open space 0%.
Where does Realmo's Winona market data come from?
Realmo compiles Winona, MS figures from 15 active sale listings, 1 active lease listings, 255 tracked off-market properties, the current Winona zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 1 active for-lease listings in Winona, 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: 8,788 zoned acres across 12 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
