Commercial Real Estate Market in Keene, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
7 active listings and 66 off-market properties in Keene, TX.
Market Trends
Keene, TX spans 2.5 square miles in Johnson County, Texas. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Keene, TX runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Keene, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Keene, TX 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 vacancy in Keene, TX 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 43.6%
- Commercial 31.9%
- Agricultural 8.5%
- Industrial 3.5%
- Open space 0.8%
Largest Zones share of zoned land by district
Keene, TX zones 3,072 acres across 13 districts. Commercial zoning covers 31.9% of zoned land, residential 43.6%, open space 0.8% and industrial 3.5%. The largest single district is Commercial 3 at 21.9%. For commercial buyers the practical constraint is that only 35.3% of land carries a commercial or industrial designation.
C-3 Commercial District-General Commercial and Light Manufacturing M-1 Manufacturing/Industrial District PD Planned Development District FP Floodplain District (b) Description and purpose of zoning districts. (1) A Agricultural District . This district provides for the continuance of farming, ranching and gardening activities on land being utilized for these…
Market overview
Demographics & Economy
Keene, TX has 4,928 residents in 2,100 households. Density runs 1,991 people per square mile. Median household income here is $50,000 and median gross rent $939 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Cleburne | $141 | $11.30 |
| Burleson | $163 | $18.00 |
Commercial property in Keene, TX asks $188/SF. The 2 bordering markets run from $141/SF in Cleburne to $163/SF in Burleson, and the city sits above their $152/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Keene?
How does Keene compare to nearby markets on price?
What zoning applies to commercial property in Keene?
Where does Realmo's Keene market data come from?
Methodology & data sources
- Asking prices and medians
- There are 5 active for-sale and 2 active for-lease listings in Keene, TX. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 3,072 zoned acres across 13 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
