Commercial Real Estate Market in Millbrook, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
32 active listings and 270 off-market properties in Millbrook, AL.
Market Trends
Millbrook, AL spans 28.1 square miles in Elmore County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Millbrook, 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 Millbrook, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Millbrook, 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 Millbrook, 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%
- Agricultural 27.3%
- Commercial 5.8%
- Planned_development 2.5%
- Industrial 0.1%
Largest Zones share of zoned land by district
Low Density Residential
Forestry Agriculture Recreation
Medium Density Residential
Residential Agriculture
Tbd
Low Density Residential (R-1)
The intent of the R-1 Low Density Residential District is to provide a quality living environ ment through the provision of land for low density residential uses consisting of single family dwell ings and essential community facilities and ser vices supporting such r&sidential uses. 5.222 Uses Permitted: 1. Single family dwellings and associated acces so…
Market overview
Demographics & Economy
Millbrook, AL has 15,204 residents in 6,265 households. Density runs 542 people per square mile. Median household income here is $60,984 and median gross rent $1,012 a month.
15,204
Population
6,265
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
90%
High-School Grad
28.1 sq mi
ZIP Area
542
Density / Sq Mi
$60,984
Median Household Income
$41,012
Median Earnings
$1,012
Median Rent
$172,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Coosada | — | — |
| Elmore | — | — |
| Prattville | — | — |
| Pville | — | — |
Commercial property in Millbrook, AL asks $29/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Millbrook?
Commercial property in Millbrook, AL asks an average of $29 per square foot. The 6 most recent recorded sales traded at a median of $180/SF.
Where does Realmo's Millbrook market data come from?
Realmo compiles Millbrook, AL figures from 6 recent recorded sales, 29 active sale listings, 3 active lease listings, 270 tracked off-market properties, the current Millbrook zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 29 active for-sale and 3 active for-lease listings in Millbrook, 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: 8,007 zoned acres across 25 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
