Commercial Real Estate Market in Mills River, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
46 active listings and 192 off-market properties in Mills River, NC.
Market Trends
Mills River, NC spans 65.8 square miles in Henderson County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mills River, 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 Mills River, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Mills River, 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 Mills River, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Mills River, NC has 26,886 residents in 11,481 households. Density runs 408 people per square mile. Median household income here is $82,191 and median gross rent $1,322 a month.
26,886
Population
11,481
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
93%
High-School Grad
65.8 sq mi
ZIP Area
408
Density / Sq Mi
$82,191
Median Household Income
$40,612
Median Earnings
$1,322
Median Rent
$348,511
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Horse Shoe | — | — |
| Naples | — | — |
| Mountain Home | — | — |
| Fletcher | — | $13.18 |
Commercial property in Mills River, NC asks $11,054/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mills River?
Commercial property in Mills River, NC asks an average of $11,054 per square foot. The 3 most recent recorded sales traded at a median of $148/SF, so asking sits 7349% above the achieved median.
Where does Realmo's Mills River market data come from?
Realmo compiles Mills River, NC figures from 4 recent recorded sales, 44 active sale listings, 2 active lease listings, 192 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 44 active for-sale and 2 active for-lease listings in Mills River, 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.
- 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
