Commercial Real Estate Market in Elizabethton, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
71 active listings and 959 off-market properties in Elizabethton, TN. Commercial property asks $7/SF to buy and $51.56/SF/Yr to lease.
Market Trends
Elizabethton, TN spans 131.1 square miles in Carter County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elizabethton, TN runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Elizabethton, TN asks $297/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Elizabethton, TN 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 Elizabethton, TN 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 76.1%
- Commercial 11.8%
- Industrial 10.9%
- Mixed use 1.2%
Largest Zones share of zoned land by district
Low Density Residence
Medium Density Residence
Arterial Business
Heavy Industrial
High Density Residence
Elizabethton, TN zones 6,219 acres across 11 districts. Commercial zoning covers 11.8% of zoned land, residential 76.1% and industrial 10.9%. The largest single district is Low Density Residence at 55.5%. For commercial buyers the practical constraint is that only 22.7% of land carries a commercial or industrial designation.
Low Density Residence (R-1)
Residence - R-1 District -Low Density Residence - R-1A District - Low Density Residence - R-2 District - Medium Density Residence - R-3 District - High Density Medical - Residential - M-R District Business - B-1 District - Neighborhood Business Business - B-2 District - Arterial Business 14-11 Business - B-3 District - Central Business Business - B-4 Distric…
Market overview
Demographics & Economy
Elizabethton, TN has 33,752 residents in 16,344 households. Density runs 257 people per square mile. Median household income here is $50,455 and median gross rent $733 a month.
33,752
Population
16,344
Households
2.1
Avg Household Size
45
Median Age
21%
College-Educated
89%
High-School Grad
131.1 sq mi
ZIP Area
257
Density / Sq Mi
$50,455
Median Household Income
$35,680
Median Earnings
$733
Median Rent
$156,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hampton | — | — |
| Watauga | — | — |
| Milligan | — | — |
| Piney Flats | — | — |
Commercial property in Elizabethton, TN asks $7/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elizabethton?
Commercial property in Elizabethton, TN asks an average of $7 per square foot. The 8 most recent recorded sales traded at a median of $117/SF. Retail carries the highest asking price at $297/SF.
How much does it cost to lease commercial space in Elizabethton?
Asking lease rates in Elizabethton, TN average $51.56 per square foot per year.
What zoning applies to commercial property in Elizabethton?
Elizabethton, TN zones 6,219 acres across 11 districts, of which 11.8% is commercial and 10.9% industrial. The largest single district is Low Density Residence at 55.5% of zoned land. Residence - R-1 District -Low Density Residence - R-1A District - Low Density Residence - R-2 District - Medium Density Residence - R-3 District - High Density Medical - Residential - M-R District Business - B-1 District - Neighborhood Business Business - B-2 District - Arterial Business 14-11 Business - B-3 District - Central Business Business - B-4 Distric… Residential zoning covers 76.1% and open space 0%.
Where does Realmo's Elizabethton market data come from?
Realmo compiles Elizabethton, TN figures from 8 recent recorded sales, 58 active sale listings, 13 active lease listings, 959 tracked off-market properties, the current Elizabethton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 58 active for-sale and 13 active for-lease listings in Elizabethton, TN. 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: 6,219 zoned acres across 11 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
