Commercial Real Estate Market in Boones Mill, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
15 active listings and 66 off-market properties in Boones Mill, VA.
Market Trends
Boones Mill, VA spans 81.8 square miles in Franklin County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Boones Mill, 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 Boones Mill, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Boones Mill, 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 Boones Mill, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Boones Mill, VA has 6,267 residents in 2,943 households. Density runs 77 people per square mile. Median household income here is $63,457 and median gross rent $817 a month.
6,267
Population
2,943
Households
2.1
Avg Household Size
46
Median Age
22%
College-Educated
87%
High-School Grad
81.8 sq mi
ZIP Area
77
Density / Sq Mi
$63,457
Median Household Income
$41,507
Median Earnings
$817
Median Rent
$241,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Burnt Chimney | — | — |
| Cave Spring | — | — |
| Rocky Mount | — | — |
| Callaway | — | — |
Commercial property in Boones Mill, VA asks $11/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Boones Mill?
Commercial property in Boones Mill, VA asks an average of $11 per square foot. The 4 most recent recorded sales traded at a median of $157/SF.
Where does Realmo's Boones Mill market data come from?
Realmo compiles Boones Mill, VA figures from 5 recent recorded sales, 15 active sale listings, 66 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 15 active for-sale and 0 active for-lease listings in Boones Mill, 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 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
