Commercial Real Estate Market in Elon, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 178 off-market properties in Elon, NC.
Market Trends
Elon, NC spans 53.8 square miles in Alamance County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elon, 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 Elon, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Elon, 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 Elon, 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 59.2%
- Mixed use 19.5%
- Civic 17.3%
- Commercial 1.5%
- Planned_development 1.4%
- Industrial 1%
Largest Zones share of zoned land by district
Suburban Residential
Neighborhood Residential
University
Office Institutional
Urban Residential
Suburban Residential (SBR)
The Suburban Residential (SBR) district is established to accommodate moderate density single family detached residential development and complimentary uses on lots served by public utilities in the suburban portions of the Towns jurisdiction and intended to protect the quiet residential character of these areas in accordance with the Towns adopted policy gu…
Market overview
Demographics & Economy
Elon, NC has 16,671 residents in 5,740 households. Density runs 310 people per square mile. Median household income here is $70,982 and median gross rent $831 a month.
16,671
Population
5,740
Households
2.9
Avg Household Size
28
Median Age
35%
College-Educated
91%
High-School Grad
53.8 sq mi
ZIP Area
310
Density / Sq Mi
$70,982
Median Household Income
$22,318
Median Earnings
$831
Median Rent
$248,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gibsonville | — | — |
| Whitsett | — | — |
| Glen Raven | — | — |
| Burlington | — | $17.54 |
Commercial property in Elon, NC asks $18/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elon?
Commercial property in Elon, NC asks an average of $18 per square foot.
Where does Realmo's Elon market data come from?
Realmo compiles Elon, NC figures from 2 recent recorded sales, 14 active sale listings, 178 tracked off-market properties, the current Elon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 0 active for-lease listings in Elon, 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: 3,474 zoned acres across 15 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
