Commercial Real Estate Market in Marshall, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
123 active listings and 203 off-market properties in Marshall, NC.
Market Trends
Marshall, NC spans 257.6 square miles in Madison County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Marshall, 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 Marshall, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Marshall, 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 Marshall, 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 79.4%
- Mixed use 7.9%
- Commercial 4.9%
- Open space 4.4%
- Industrial 3.4%
Largest Zones share of zoned land by district
Low Density Residential
Medium Density Residential
Mixed Use
Open Space And Recreation
Industrial
Marshall, NC zones 2,683 acres across 8 districts. Commercial zoning covers 4.9% of zoned land, residential 79.4%, open space 4.4% and industrial 3.4%. The largest single district is Low Density Residential at 48%. For commercial buyers the practical constraint is that only 8.3% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Marshall, NC has 11,321 residents in 5,381 households. Density runs 44 people per square mile. Median household income here is $56,172 and median gross rent $711 a month.
11,321
Population
5,381
Households
2.1
Avg Household Size
45
Median Age
31%
College-Educated
88%
High-School Grad
257.6 sq mi
ZIP Area
44
Density / Sq Mi
$56,172
Median Household Income
$38,421
Median Earnings
$711
Median Rent
$246,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Alexander | — | — |
| Mars Hill | — | — |
| Spring Creek | — | — |
| Weaverville | — | $8.63 |
Frequently Asked Questions
What zoning applies to commercial property in Marshall?
Marshall, NC zones 2,683 acres across 8 districts, of which 4.9% is commercial and 3.4% industrial. The largest single district is Low Density Residential at 48% of zoned land. Residential zoning covers 79.4% and open space 4.4%.
Where does Realmo's Marshall market data come from?
Realmo compiles Marshall, NC figures from 5 recent recorded sales, 123 active sale listings, 203 tracked off-market properties, the current Marshall zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 123 active for-sale and 0 active for-lease listings in Marshall, 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: 2,683 zoned acres across 8 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
