Commercial Real Estate Market in Millville, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6 active listings and 41 off-market properties in Millville, MA.
Market Trends
Millville, MA spans 4.9 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Millville, MA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Millville, MA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Millville, MA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Millville, MA asks $194/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 82.6%
- Commercial 14.4%
Largest Zones share of zoned land by district
Outlying Residential District
Commercial Business District
Village Residential District
Village Center District
Millville, MA zones 3,705 acres across 4 districts. Commercial zoning covers 14.4% of zoned land, residential 82.6%. The largest single district is Outlying Residential District at 71.6%. For commercial buyers the practical constraint is that only 14.4% of land carries a commercial or industrial designation.
Outlying Residential District (OR)
Approval; design of building construction or site alterations. § 100-1014 Lapse of approval. § 100-1015 Regulations. § 100-1016 Fees. § 100-1017 Appeals. Article XI Renewable Energy Overlay District § 100-1101 Purpose. § 100-1102 Applicability.
Market overview
Demographics & Economy
Millville, MA has 3,174 residents in 1,262 households. Density runs 653 people per square mile. Median household income here is $115,789 and median gross rent $1,275 a month.
3,174
Population
1,262
Households
2.5
Avg Household Size
41
Median Age
31%
College-Educated
94%
High-School Grad
4.9 sq mi
ZIP Area
653
Density / Sq Mi
$115,789
Median Household Income
$50,146
Median Earnings
$1,275
Median Rent
$418,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Smithfield | $196 (county avg) | $17.73 |
| Burrillville | $196 (county avg) | $17.35 |
| Woonsocket | $196 (county avg) | $12.07 |
| Lincoln | $196 (county avg) | $21.25 |
Commercial property in Millville, MA asks $1,213/SF. The 4 bordering markets run from $196/SF in North Smithfield to $196/SF in North Smithfield, and the city sits above their $196/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Millville?
Commercial property in Millville, MA asks an average of $1,213 per square foot. Multifamily carries the highest asking price at $194/SF.
How does Millville compare to nearby markets on price?
Millville, MA asks $1,213/SF against $196/SF in North Smithfield, $196/SF in Burrillville, $196/SF in Woonsocket and $196/SF in Lincoln. North Smithfield is the cheapest entry point at 84% below Millville pricing, with $17.73/SF/Yr asking rents.
What zoning applies to commercial property in Millville?
Millville, MA zones 3,705 acres across 4 districts, of which 14.4% is commercial and 0% industrial. The largest single district is Outlying Residential District at 71.6% of zoned land. Approval; design of building construction or site alterations. § 100-1014 Lapse of approval. § 100-1015 Regulations. § 100-1016 Fees. § 100-1017 Appeals. Article XI Renewable Energy Overlay District § 100-1101 Purpose. § 100-1102 Applicability. Residential zoning covers 82.6% and open space 0%.
Where does Realmo's Millville market data come from?
Realmo compiles Millville, MA figures from 6 active sale listings, 41 tracked off-market properties, the current Millville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Millville, MA. 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: 3,705 zoned acres across 4 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 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast 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 30 September 2026 · report a data issue
