Commercial Real Estate Market in Chilhowie, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
29 active listings and 167 off-market properties in Chilhowie, VA.
Market Trends
Chilhowie, VA spans 62.4 square miles in Smyth County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chilhowie, 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 Chilhowie, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Chilhowie, 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 Chilhowie, 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
- Commercial 43.7%
- Residential 39.5%
- Industrial 16.8%
Largest Zones share of zoned land by district
Agriculture Conservation
General Residential
Business Industrial
General Business
Chilhowie, VA zones 1,622 acres across 4 districts. Commercial zoning covers 43.7% of zoned land, residential 39.5% and industrial 16.8%. The largest single district is Agriculture Conservation at 39.5%. For commercial buyers the practical constraint is that only 60.6% of land carries a commercial or industrial designation.
Agriculture Conservation (AC)
This district is composed of agriculture or forest land plus low density residential areas where future development appears likely to occur primarily as rural or very low density.
Market overview
Demographics & Economy
Chilhowie, VA has 6,500 residents in 3,100 households. Density runs 104 people per square mile. Median household income here is $49,140 and median gross rent $775 a month.
6,500
Population
3,100
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
89%
High-School Grad
62.4 sq mi
ZIP Area
104
Density / Sq Mi
$49,140
Median Household Income
$39,216
Median Earnings
$775
Median Rent
$145,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| McClure | — | — |
| Seven Mile Ford | — | — |
| Glade Spring | — | — |
| Thomas Bridge | — | — |
Commercial property in Chilhowie, VA asks $439/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chilhowie?
Commercial property in Chilhowie, VA asks an average of $439 per square foot. The 4 most recent recorded sales traded at a median of $137/SF, so asking sits 221% above the achieved median.
What zoning applies to commercial property in Chilhowie?
Chilhowie, VA zones 1,622 acres across 4 districts, of which 43.7% is commercial and 16.8% industrial. The largest single district is Agriculture Conservation at 39.5% of zoned land. This district is composed of agriculture or forest land plus low density residential areas where future development appears likely to occur primarily as rural or very low density. Residential zoning covers 39.5% and open space 0%.
Where does Realmo's Chilhowie market data come from?
Realmo compiles Chilhowie, VA figures from 4 recent recorded sales, 28 active sale listings, 1 active lease listings, 167 tracked off-market properties, the current Chilhowie zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 28 active for-sale and 1 active for-lease listings in Chilhowie, 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: 1,622 zoned acres across 4 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, 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
