Commercial Real Estate Market in Madison Heights, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 313 off-market properties in Madison Heights, VA.
Market Trends
Madison Heights, VA spans 66.3 square miles in Amherst County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Madison Heights, 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 Madison Heights, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Madison Heights, 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 Madison Heights, 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
Madison Heights, VA has 16,399 residents in 7,415 households. Density runs 247 people per square mile. Median household income here is $64,158 and median gross rent $837 a month.
16,399
Population
7,415
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
90%
High-School Grad
66.3 sq mi
ZIP Area
247
Density / Sq Mi
$64,158
Median Household Income
$41,732
Median Earnings
$837
Median Rent
$187,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rivermont | — | — |
| Lynchburg | — | — |
| Falconerville | — | — |
| Graves Mill | — | — |
Commercial property in Madison Heights, VA asks $3/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Madison Heights?
Commercial property in Madison Heights, VA asks an average of $3 per square foot. The 4 most recent recorded sales traded at a median of $118/SF.
Where does Realmo's Madison Heights market data come from?
Realmo compiles Madison Heights, VA figures from 6 recent recorded sales, 26 active sale listings, 313 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 26 active for-sale and 0 active for-lease listings in Madison Heights, 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
