Commercial Real Estate Market in Amherst, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
29 active listings and 206 off-market properties in Amherst, VA.
Market Trends
Amherst, VA spans 217.1 square miles in Amherst County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Amherst, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Amherst, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Amherst, VA 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 Amherst, VA 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 74.8%
- Commercial 22.8%
- Industrial 2.4%
Largest Zones share of zoned land by district
General Residential
Limited Residential
Agricultural
Business Park
General Commercial
Amherst, VA zones 2,997 acres across 15 districts. Commercial zoning covers 22.8% of zoned land, residential 74.8% and industrial 2.4%. The largest single district is General Residential at 23.8%. For commercial buyers the practical constraint is that only 25.2% of land carries a commercial or industrial designation.
General Residential (R-2)
District is composed of certain quiet, medium density residential areas plus certain open areas where similar residential development appears likely to occur and where public water and/or sewer service is available
Market overview
Demographics & Economy
Amherst, VA has 9,902 residents in 4,592 households. Density runs 46 people per square mile. Median household income here is $69,077 and median gross rent $830 a month.
9,902
Population
4,592
Households
2.2
Avg Household Size
48
Median Age
27%
College-Educated
84%
High-School Grad
217.1 sq mi
ZIP Area
46
Density / Sq Mi
$69,077
Median Household Income
$42,280
Median Earnings
$830
Median Rent
$233,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clifford | — | — |
| Falconerville | — | — |
| Tye River | — | — |
| Lowesville | — | — |
Commercial property in Amherst, VA asks $3/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Amherst?
Commercial property in Amherst, VA asks an average of $3 per square foot. The 6 most recent recorded sales traded at a median of $62/SF.
What zoning applies to commercial property in Amherst?
Amherst, VA zones 2,997 acres across 15 districts, of which 22.8% is commercial and 2.4% industrial. The largest single district is General Residential at 23.8% of zoned land. District is composed of certain quiet, medium density residential areas plus certain open areas where similar residential development appears likely to occur and where public water and/or sewer service is available Residential zoning covers 74.8% and open space 0%.
Where does Realmo's Amherst market data come from?
Realmo compiles Amherst, VA figures from 6 recent recorded sales, 29 active sale listings, 206 tracked off-market properties, the current Amherst zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 29 active for-sale and 0 active for-lease listings in Amherst, VA. 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: 2,997 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
