Commercial Real Estate Market in Millboro, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 23 off-market properties in Millboro, VA.
Market Trends
Millboro, VA spans 250.6 square miles in Bath County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Millboro, 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 Millboro, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Millboro, 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 Millboro, 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
Millboro, VA has 1,493 residents in 885 households. Density runs 6 people per square mile. Median household income here is $44,453 and median gross rent $688 a month.
1,493
Population
885
Households
1.7
Avg Household Size
50
Median Age
13%
College-Educated
85%
High-School Grad
250.6 sq mi
ZIP Area
6
Density / Sq Mi
$44,453
Median Household Income
$39,853
Median Earnings
$688
Median Rent
$177,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Millboro Springs | — | — |
| Warm Springs | — | — |
| Hot Springs | — | — |
| Healing Springs | — | — |
Commercial property in Millboro, VA asks $344/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Millboro?
Commercial property in Millboro, VA asks an average of $344 per square foot.
Where does Realmo's Millboro market data come from?
Realmo compiles Millboro, VA figures from 3 recent recorded sales, 2 active sale listings, 23 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 2 active for-sale and 0 active for-lease listings in Millboro, 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
