Commercial Real Estate Market in Boone, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
124 active listings and 1,172 off-market properties in Boone, NC.
Market Trends
Boone, NC spans 430.8 square miles in Watauga County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Boone, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Boone, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Boone, NC 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 Boone, NC 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 54.6%
- Mixed use 22.8%
- Civic 18.9%
- Industrial 2.9%
- Commercial 0.8%
- Planned_development 0%
Largest Zones share of zoned land by district
Single Family Residential District
General Business District
Residential And Agricultural District
Multiple Family Residential District
University District
Market overview
Demographics & Economy
Boone, NC has 81,499 residents in 38,284 households. Density runs 189 people per square mile. Median household income here is $47,743 and median gross rent $881 a month.
81,499
Population
38,284
Households
2.1
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
430.8 sq mi
ZIP Area
189
Density / Sq Mi
$47,743
Median Household Income
$25,362
Median Earnings
$881
Median Rent
$236,805
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hillcrest | — | — |
| Perkinsville | — | — |
| Deerfield | — | — |
| Sands | — | — |
Commercial property in Boone, NC asks $2,947/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Boone?
Commercial property in Boone, NC asks an average of $2,947 per square foot. The 4 most recent recorded sales traded at a median of $387/SF, so asking sits 661% above the achieved median.
Where does Realmo's Boone market data come from?
Realmo compiles Boone, NC figures from 5 recent recorded sales, 121 active sale listings, 3 active lease listings, 1,172 tracked off-market properties, the current Boone zoning release. 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 3 active for-lease listings in Boone, NC. 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: 3,786 zoned acres across 23 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, 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
