Commercial Real Estate Market in Hallwood, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
3 active listings and 28 off-market properties in Hallwood, VA.
Market Trends
Hallwood, VA spans 13.2 square miles in Accomack County, Virginia. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Hallwood, VA asks $210/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Hallwood, VA asks $142/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 Hallwood, 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 Hallwood, VA asks $206/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 72%
- Agricultural 18.9%
- Industrial 8%
- Commercial 1%
Largest Zones share of zoned land by district
Residential Mixed
Agricultural
Industrial Light
Business General
Hallwood, VA zones 150 acres across 4 districts. Commercial zoning covers 1% of zoned land, residential 72% and industrial 8%. The largest single district is Residential Mixed at 72%. For commercial buyers the practical constraint is that only 9% of land carries a commercial or industrial designation.
Residential Mixed (R-M)
III-2 RESIDENTIAL-MIXED DISTRICT, R-M 111-2.1 Statement cf Intent. This district is composed of quiet medium-density residential areas plus certain open areas where similar residential development is recommended to occur by the Town of Hallwood Town Plan. The regularions for this district are designed to stabilize and protect the essential characreristics of…
Market overview
Demographics & Economy
Hallwood, VA has 653 residents in 342 households. Density runs 50 people per square mile. Median household income here is $68,509 and median gross rent $1,075 a month.
653
Population
342
Households
1.9
Avg Household Size
34
Median Age
10%
College-Educated
79%
High-School Grad
13.2 sq mi
ZIP Area
50
Density / Sq Mi
$68,509
Median Household Income
$33,125
Median Earnings
$1,075
Median Rent
$0
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Hallwood?
Commercial property in Hallwood, VA asks an average of $17 per square foot. Office carries the highest asking price at $210/SF.
What zoning applies to commercial property in Hallwood?
Hallwood, VA zones 150 acres across 4 districts, of which 1% is commercial and 8% industrial. The largest single district is Residential Mixed at 72% of zoned land. III-2 RESIDENTIAL-MIXED DISTRICT, R-M 111-2.1 Statement cf Intent. This district is composed of quiet medium-density residential areas plus certain open areas where similar residential development is recommended to occur by the Town of Hallwood Town Plan. The regularions for this district are designed to stabilize and protect the essential characreristics of… Residential zoning covers 72% and open space 0%.
Where does Realmo's Hallwood market data come from?
Realmo compiles Hallwood, VA figures from 3 active sale listings, 28 tracked off-market properties, the current Hallwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Hallwood, 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: 150 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
