Commercial Real Estate Market in Appalachia, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 57 off-market properties in Appalachia, VA.
Market Trends
Appalachia, VA spans 69.7 square miles in Wise County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Appalachia, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Appalachia, VA asks $97/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 Appalachia, 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 space in Appalachia, VA asks $67/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
Appalachia, VA has 2,441 residents in 1,236 households. Density runs 35 people per square mile. Median household income here is $32,400 and median gross rent $674 a month.
2,441
Population
1,236
Households
2
Avg Household Size
43
Median Age
11%
College-Educated
78%
High-School Grad
69.7 sq mi
ZIP Area
35
Density / Sq Mi
$32,400
Median Household Income
$27,708
Median Earnings
$674
Median Rent
$54,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Andover | — | — |
| Big Stone Gap | — | — |
| Stonega | — | — |
| East Stone Gap | — | — |
Commercial property in Appalachia, VA asks $37/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Appalachia?
Commercial property in Appalachia, VA asks an average of $37 per square foot. The 7 most recent recorded sales traded at a median of $4/SF, so asking sits 758% above the achieved median. Retail carries the highest asking price at $97/SF.
Where does Realmo's Appalachia market data come from?
Realmo compiles Appalachia, VA figures from 7 recent recorded sales, 8 active sale listings, 57 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 8 active for-sale and 0 active for-lease listings in Appalachia, 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.
- 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
