Commercial Real Estate Market in Keene, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
29 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 August 2026.
Office
Office vacancy in Keene, 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 Keene, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Keene, 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 43.6%
- Commercial 31.9%
- Agricultural 8.5%
- Industrial 3.5%
- Open space 0.8%
Largest Zones share of zoned land by district
Commercial 3
Single Family 2
Single Family 1
Public Areas
Commercial 2
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.
Commercial 3 (C-3)
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.
4,928
Population
2,100
Households
2.3
Avg Household Size
34
Median Age
28%
College-Educated
83%
High-School Grad
2.5 sq mi
ZIP Area
1,991
Density / Sq Mi
$50,000
Median Household Income
$32,614
Median Earnings
$939
Median Rent
$223,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cleburne | — | $13.95 |
| Joshua | — | $9.82 |
| Cross Timber | — | — |
| Alvarado | — | $10.22 |
Commercial property in Keene, TX asks $10/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Keene?
Commercial property in Keene, TX asks an average of $10 per square foot.
What zoning applies to commercial property in Keene?
Keene, TX zones 3,072 acres across 13 districts, of which 31.9% is commercial and 3.5% industrial. The largest single district is Commercial 3 at 21.9% of zoned land. 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… Residential zoning covers 43.6% and open space 0.8%.
Where does Realmo's Keene market data come from?
Realmo compiles Keene, TX figures from 27 active sale listings, 2 active lease listings, 66 tracked off-market properties, the current Keene zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 27 active for-sale and 2 active for-lease listings in Keene, 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: 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 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
