Commercial Real Estate Market in Hempstead, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
236 active listings and 379 off-market properties in Hempstead, TX.
Market Trends
Hempstead, TX spans 185.8 square miles in Waller County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hempstead, TX runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Hempstead, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hempstead, TX 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 Hempstead, TX 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 63.2%
- Commercial 33%
- Industrial 2.6%
- Planned_development 1.3%
Largest Zones share of zoned land by district
Single Family Residential
Highway Commercial
Agriculture Residential
Highway Commercial A
Central Business District
Hempstead, TX zones 4,656 acres across 12 districts. Commercial zoning covers 33% of zoned land, residential 63.2% and industrial 2.6%. The largest single district is Single Family Residential at 38.5%. For commercial buyers the practical constraint is that only 35.6% of land carries a commercial or industrial designation.
Single Family Residential (R1)
R-1 Single-Family Residential District. 3.02.01 Description: This district is primarily intended for single-family detached residential dwellings and related religious, educational, and recreational facilities normally required to provide the basic elements of a balanced and attractive neighborhood. These areas should be separated and protected from the encr…
Market overview
Demographics & Economy
Hempstead, TX has 14,160 residents in 5,810 households. Density runs 76 people per square mile. Median household income here is $63,650 and median gross rent $1,251 a month.
14,160
Population
5,810
Households
2.4
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
185.8 sq mi
ZIP Area
76
Density / Sq Mi
$63,650
Median Household Income
$32,347
Median Earnings
$1,251
Median Rent
$270,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pine Island | — | — |
| Prairie View | — | — |
| Cochran | — | — |
| Raccoon Bend | — | — |
Commercial property in Hempstead, TX asks $255/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hempstead?
Commercial property in Hempstead, TX asks an average of $255 per square foot.
What zoning applies to commercial property in Hempstead?
Hempstead, TX zones 4,656 acres across 12 districts, of which 33% is commercial and 2.6% industrial. The largest single district is Single Family Residential at 38.5% of zoned land. R-1 Single-Family Residential District. 3.02.01 Description: This district is primarily intended for single-family detached residential dwellings and related religious, educational, and recreational facilities normally required to provide the basic elements of a balanced and attractive neighborhood. These areas should be separated and protected from the encr… Residential zoning covers 63.2% and open space 0%.
Where does Realmo's Hempstead market data come from?
Realmo compiles Hempstead, TX figures from 235 active sale listings, 1 active lease listings, 379 tracked off-market properties, the current Hempstead zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 235 active for-sale and 1 active for-lease listings in Hempstead, TX. 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: 4,656 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
