Commercial Real Estate Market in Falkville, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
40 active listings and 121 off-market properties in Falkville, AL.
Market Trends
Falkville, AL spans 96.4 square miles in Morgan County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Falkville, AL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Falkville, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Falkville, AL 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 space in Falkville, AL asks $111/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 50.1%
- Industrial 18.5%
- Residential 15.8%
- Commercial 11.9%
- Civic 3.7%
Largest Zones share of zoned land by district
Agriculture District
Residential District Single Family
General Industrial
General Business
Light Industrial
General Industrial (M-2)
District M-2, General Industry District: Minimum lot size: It is the intent of the ordinance that lots of sufficient size be used for any industrial, service, or business use to provide adequate parking and loading space in addition to the space required for the other normal operations of the enterprise. Minimum yard size: Front yard: None specified, except…
Market overview
Demographics & Economy
Falkville, AL has 7,257 residents in 2,803 households. Density runs 75 people per square mile. Median household income here is $53,354 and median gross rent $880 a month.
7,257
Population
2,803
Households
2.6
Avg Household Size
43
Median Age
12%
College-Educated
88%
High-School Grad
96.4 sq mi
ZIP Area
75
Density / Sq Mi
$53,354
Median Household Income
$37,182
Median Earnings
$880
Median Rent
$174,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hartselle | — | $11.17 |
| Vinemont | — | — |
| South Vinemont | — | — |
| West Point | — | — |
Commercial property in Falkville, AL asks $13/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Falkville?
Commercial property in Falkville, AL asks an average of $13 per square foot. The 4 most recent recorded sales traded at a median of $133/SF. Multifamily carries the highest asking price at $111/SF.
Where does Realmo's Falkville market data come from?
Realmo compiles Falkville, AL figures from 5 recent recorded sales, 40 active sale listings, 121 tracked off-market properties, the current Falkville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 40 active for-sale and 0 active for-lease listings in Falkville, AL. 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: 2,750 zoned acres across 8 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
