Commercial Real Estate Market in Hillsville, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
58 active listings and 311 off-market properties in Hillsville, VA.
Market Trends
Hillsville, VA spans 126.0 square miles in Carroll County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hillsville, 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 Hillsville, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hillsville, 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 Hillsville, 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
- Residential 67.4%
- Commercial 14.4%
- Industrial 13.7%
Largest Zones share of zoned land by district
Agricultural And Residential
Medium Density Residential
General Commercial
Industrial
Landfill
Hillsville, VA zones 6,239 acres across 12 districts. Commercial zoning covers 14.4% of zoned land, residential 67.4% and industrial 13.7%. The largest single district is Agricultural And Residential at 34.4%. For commercial buyers the practical constraint is that only 28.1% of land carries a commercial or industrial designation.
Agricultural And Residential (A-1)
The A-1 Agricultural/Residential District includes the sparsely developed land of the town in which the principal use is currently used for low-density agricultural and residential purposes. The regulations of this district are designed to protect the agricultural sections of the community from an influx of uses likely to render them undesirable for farms an…
Market overview
Demographics & Economy
Hillsville, VA has 8,849 residents in 4,556 households. Density runs 70 people per square mile. Median household income here is $53,933 and median gross rent $674 a month.
8,849
Population
4,556
Households
1.9
Avg Household Size
48
Median Age
14%
College-Educated
86%
High-School Grad
126 sq mi
ZIP Area
70
Density / Sq Mi
$53,933
Median Household Income
$33,857
Median Earnings
$674
Median Rent
$139,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Richardson | — | — |
| Fancy Gap | — | — |
| Dugspur | — | — |
| Woodlawn | — | — |
Commercial property in Hillsville, VA asks $185/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hillsville?
Commercial property in Hillsville, VA asks an average of $185 per square foot.
What zoning applies to commercial property in Hillsville?
Hillsville, VA zones 6,239 acres across 12 districts, of which 14.4% is commercial and 13.7% industrial. The largest single district is Agricultural And Residential at 34.4% of zoned land. The A-1 Agricultural/Residential District includes the sparsely developed land of the town in which the principal use is currently used for low-density agricultural and residential purposes. The regulations of this district are designed to protect the agricultural sections of the community from an influx of uses likely to render them undesirable for farms an… Residential zoning covers 67.4% and open space 0%.
Where does Realmo's Hillsville market data come from?
Realmo compiles Hillsville, VA figures from 8 recent recorded sales, 58 active sale listings, 311 tracked off-market properties, the current Hillsville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 58 active for-sale and 0 active for-lease listings in Hillsville, 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: 6,239 zoned acres across 12 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
