Commercial Real Estate Market in Morganton, GA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
121 active listings and 113 off-market properties in Morganton, GA.
Market Trends
Morganton, GA spans 71.4 square miles in Fannin County, Georgia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Morganton, GA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Morganton, GA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Morganton, GA 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 Morganton, GA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Morganton, GA has 5,110 residents in 3,596 households. Density runs 72 people per square mile. Median household income here is $56,391 and median gross rent $996 a month.
5,110
Population
3,596
Households
1.4
Avg Household Size
54
Median Age
22%
College-Educated
89%
High-School Grad
71.4 sq mi
ZIP Area
72
Density / Sq Mi
$56,391
Median Household Income
$38,163
Median Earnings
$996
Median Rent
$308,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mineral Bluff | — | — |
| Blue Ridge | — | $25.50 |
| Cherry Log | — | — |
| Culberson | — | — |
Commercial property in Morganton, GA asks $63/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Morganton?
Commercial property in Morganton, GA asks an average of $63 per square foot. The 4 most recent recorded sales traded at a median of $22/SF, so asking sits 180% above the achieved median.
Where does Realmo's Morganton market data come from?
Realmo compiles Morganton, GA figures from 5 recent recorded sales, 121 active sale listings, 113 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 121 active for-sale and 0 active for-lease listings in Morganton, GA. 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.
- 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
