Commercial Real Estate Market in Altus, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 1,034 off-market properties in Altus, OK. Commercial property asks $398/SF to buy and $8.00/SF/Yr to lease.
Market Trends
Altus, OK spans 186.0 square miles in Jackson County, Oklahoma. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Altus, OK runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Altus, OK runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Altus, OK 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 Altus, OK 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 44.6%
- Agricultural 30.7%
- Commercial 9.9%
- Industrial 5.2%
- Mixed use 1.5%
- Open space 0.2%
Largest Zones share of zoned land by district
Auto Urban Residential
Agriculture
Public Space
Auto Urban Commercial
Suburban Residential
Auto Urban Residential (R-2)
The purpose of the R-2 district is to provide areas for the single family dwellings and necessary accessory uses
Market overview
Demographics & Economy
Altus, OK has 20,470 residents in 9,982 households. Density runs 110 people per square mile. Median household income here is $59,857 and median gross rent $896 a month.
20,470
Population
9,982
Households
2.1
Avg Household Size
35
Median Age
25%
College-Educated
86%
High-School Grad
186 sq mi
ZIP Area
110
Density / Sq Mi
$59,857
Median Household Income
$37,918
Median Earnings
$896
Median Rent
$150,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Martha | — | — |
| Olustee | — | — |
| Blair | — | — |
| Elmer | — | — |
Commercial property in Altus, OK asks $398/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Altus?
Commercial property in Altus, OK asks an average of $398 per square foot. The 4 most recent recorded sales traded at a median of $83/SF, so asking sits 377% above the achieved median.
How much does it cost to lease commercial space in Altus?
Asking lease rates in Altus, OK average $8.00 per square foot per year.
Where does Realmo's Altus market data come from?
Realmo compiles Altus, OK figures from 7 recent recorded sales, 15 active sale listings, 5 active lease listings, 1,034 tracked off-market properties, the current Altus 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 5 active for-lease listings in Altus, OK. 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: 5,937 zoned acres across 19 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
