Commercial Real Estate Market in Hanceville, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 319 off-market properties in Hanceville, AL. Commercial property asks $163/SF to buy and $78.00/SF/Yr to lease.
Market Trends
Hanceville, AL spans 150.2 square miles in Cullman County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hanceville, AL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Hanceville, AL asks $86/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hanceville, 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 vacancy in Hanceville, AL 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 58.3%
- Industrial 25.3%
- Commercial 9.4%
- Civic 7.1%
Largest Zones share of zoned land by district
Low Density Residential
General Industrial
Agricultural
Institutional
General Business
Hanceville, AL zones 2,495 acres across 10 districts. Commercial zoning covers 9.4% of zoned land, residential 58.3% and industrial 25.3%. The largest single district is Low Density Residential at 41.2%. For commercial buyers the practical constraint is that only 34.7% of land carries a commercial or industrial designation.
Low Density Residential (R-1)
The purpose and intent of this district is to provide for and protect areas of traditional single-family detached dwellings at relatively low densities and free from incompatible land uses.
Market overview
Demographics & Economy
Hanceville, AL has 13,813 residents in 6,045 households. Density runs 92 people per square mile. Median household income here is $47,720 and median gross rent $822 a month.
13,813
Population
6,045
Households
2.3
Avg Household Size
42
Median Age
14%
College-Educated
79%
High-School Grad
150.2 sq mi
ZIP Area
92
Density / Sq Mi
$47,720
Median Household Income
$29,221
Median Earnings
$822
Median Rent
$157,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Garden City | — | — |
| Dodge City | — | — |
| Good Hope | — | — |
| Cullman | — | $16.84 |
Commercial property in Hanceville, AL asks $163/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hanceville?
Commercial property in Hanceville, AL asks an average of $163 per square foot. Retail carries the highest asking price at $86/SF.
How much does it cost to lease commercial space in Hanceville?
Asking lease rates in Hanceville, AL average $78.00 per square foot per year.
What zoning applies to commercial property in Hanceville?
Hanceville, AL zones 2,495 acres across 10 districts, of which 9.4% is commercial and 25.3% industrial. The largest single district is Low Density Residential at 41.2% of zoned land. The purpose and intent of this district is to provide for and protect areas of traditional single-family detached dwellings at relatively low densities and free from incompatible land uses. Residential zoning covers 58.3% and open space 0%.
Where does Realmo's Hanceville market data come from?
Realmo compiles Hanceville, AL figures from 16 active sale listings, 1 active lease listings, 319 tracked off-market properties, the current Hanceville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 1 active for-lease listings in Hanceville, 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: 2,495 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
