Commercial Real Estate Market in Floyd, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 169 off-market properties in Floyd, VA.
Market Trends
Floyd, VA spans 171.1 square miles in Floyd County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Floyd, 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 Floyd, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Floyd, 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 Floyd, 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 55.4%
- Residential 23.6%
- Industrial 11.9%
- Planned_development 9.1%
Largest Zones share of zoned land by district
General Business
Residential
Residential Limited
Industrial
Central Business
Floyd, VA zones 291 acres across 9 districts. Commercial zoning covers 55.4% of zoned land, residential 23.6% and industrial 11.9%. The largest single district is General Business at 27.6%. For commercial buyers the practical constraint is that only 67.3% of land carries a commercial or industrial designation.
Residential Limited (R1)
This district is established to provide for low density single family detached structure types
Market overview
Demographics & Economy
Floyd, VA has 7,416 residents in 3,980 households. Density runs 43 people per square mile. Median household income here is $60,147 and median gross rent $830 a month.
7,416
Population
3,980
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
93%
High-School Grad
171.1 sq mi
ZIP Area
43
Density / Sq Mi
$60,147
Median Household Income
$35,547
Median Earnings
$830
Median Rent
$244,800
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Floyd?
Floyd, VA zones 291 acres across 9 districts, of which 55.4% is commercial and 11.9% industrial. The largest single district is General Business at 27.6% of zoned land. Residential zoning covers 23.6% and open space 0%.
Where does Realmo's Floyd market data come from?
Realmo compiles Floyd, VA figures from 6 recent recorded sales, 21 active sale listings, 169 tracked off-market properties, the current Floyd zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 0 active for-lease listings in Floyd, 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: 291 zoned acres across 9 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
