Commercial Real Estate Market in Levelland, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
53 active listings and 1,364 off-market properties in Levelland, TX. Commercial property asks $12/SF to buy and $9.51/SF/Yr to lease.
Market Trends
Levelland, TX spans 482.8 square miles in Hockley County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Levelland, 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 Levelland, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Levelland, 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 Levelland, 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 59.4%
- Industrial 20.5%
- Commercial 16.7%
Largest Zones share of zoned land by district
Restricted Single Family District
Industrial
General Business District
Single Family District
Two Family District
Levelland, TX zones 6,456 acres across 10 districts. Commercial zoning covers 16.7% of zoned land, residential 59.4% and industrial 20.5%. The largest single district is Restricted Single Family District at 42.5%. For commercial buyers the practical constraint is that only 37.2% of land carries a commercial or industrial designation.
Industrial (I)
I Industrial 14 (Ordinance 635, sec. 3, adopted 11/17/81) § 9.504. Zoning Map. (Ordinance 635, sec. 4, adopted 11/17/81) § 9.505. SF-1 Restricted Single Family District. (a) Boundaries of the districts as enumerated in Section 9.503 of this article are hereby established and adopted on the Zoning Map of the City of Levelland, which are made a part of this ar…
Market overview
Demographics & Economy
Levelland, TX has 15,953 residents in 6,584 households. Density runs 33 people per square mile. Median household income here is $52,724 and median gross rent $803 a month.
15,953
Population
6,584
Households
2.4
Avg Household Size
36
Median Age
17%
College-Educated
79%
High-School Grad
482.8 sq mi
ZIP Area
33
Density / Sq Mi
$52,724
Median Household Income
$34,213
Median Earnings
$803
Median Rent
$124,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Whitharral | — | — |
| Sundown | — | — |
| Pettit | — | — |
| Smyer | — | — |
Commercial property in Levelland, TX asks $12/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Levelland?
Commercial property in Levelland, TX asks an average of $12 per square foot.
How much does it cost to lease commercial space in Levelland?
Asking lease rates in Levelland, TX average $9.51 per square foot per year.
What zoning applies to commercial property in Levelland?
Levelland, TX zones 6,456 acres across 10 districts, of which 16.7% is commercial and 20.5% industrial. The largest single district is Restricted Single Family District at 42.5% of zoned land. Residential zoning covers 59.4% and open space 0%.
Where does Realmo's Levelland market data come from?
Realmo compiles Levelland, TX figures from 49 active sale listings, 4 active lease listings, 1,364 tracked off-market properties, the current Levelland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 49 active for-sale and 4 active for-lease listings in Levelland, 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: 6,456 zoned acres across 10 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
