Commercial Real Estate Market in Luverne, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
33 active listings and 278 off-market properties in Luverne, AL. Commercial property asks $3/SF to buy and $25.00/SF/Yr to lease.
Market Trends
Luverne, AL spans 161.0 square miles in Crenshaw County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Luverne, 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 Luverne, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Luverne, 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 Luverne, 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 73.1%
- Commercial 14.1%
Largest Zones share of zoned land by district
Residential
Residential
Highway Oriented Business
Residential
Rp
Luverne, AL zones 1,175 acres across 9 districts. Commercial zoning covers 14.1% of zoned land, residential 73.1%. The largest single district is Residential at 52.2%. For commercial buyers the practical constraint is that only 14.1% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Luverne, AL has 5,299 residents in 2,448 households. Density runs 33 people per square mile. Median household income here is $53,073 and median gross rent $678 a month.
5,299
Population
2,448
Households
2.2
Avg Household Size
44
Median Age
18%
College-Educated
83%
High-School Grad
161 sq mi
ZIP Area
33
Density / Sq Mi
$53,073
Median Household Income
$41,155
Median Earnings
$678
Median Rent
$124,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rutledge | — | — |
| Patsburg | — | — |
| Glenwood | — | — |
| Goshen | — | — |
Commercial property in Luverne, AL asks $3/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Luverne?
Commercial property in Luverne, AL asks an average of $3 per square foot.
How much does it cost to lease commercial space in Luverne?
Asking lease rates in Luverne, AL average $25.00 per square foot per year.
What zoning applies to commercial property in Luverne?
Luverne, AL zones 1,175 acres across 9 districts, of which 14.1% is commercial and 0% industrial. The largest single district is Residential at 52.2% of zoned land. Residential zoning covers 73.1% and open space 0%.
Where does Realmo's Luverne market data come from?
Realmo compiles Luverne, AL figures from 31 active sale listings, 2 active lease listings, 278 tracked off-market properties, the current Luverne zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 2 active for-lease listings in Luverne, 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: 1,175 zoned acres across 9 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
