Commercial Real Estate Market in New Hill, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 58 off-market properties in New Hill, NC.
Market Trends
New Hill, NC spans 54.2 square miles in Wake County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in New Hill, NC asks $309/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in New Hill, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in New Hill, 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 space in New Hill, NC asks $260/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
New Hill, NC has 3,800 residents in 1,678 households. Density runs 70 people per square mile. Median household income here is $168,804.
3,800
Population
1,678
Households
2.3
Avg Household Size
39
Median Age
62%
College-Educated
97%
High-School Grad
54.2 sq mi
ZIP Area
70
Density / Sq Mi
$168,804
Median Household Income
$86,328
Median Earnings
$0
Median Rent
$590,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Holly Springs | — | — |
| Duncan | — | — |
| Moncure | — | — |
| Apex | — | $21.50 |
Commercial property in New Hill, NC asks $160,349/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Hill?
Commercial property in New Hill, NC asks an average of $160,349 per square foot. Office carries the highest asking price at $309/SF.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 0 active for-lease listings in New Hill, 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 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
