Commercial Real Estate Market in Montpelier, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 53 off-market properties in Montpelier, VA.
Market Trends
Montpelier, VA spans 68.0 square miles in Hanover County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Montpelier, 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 Montpelier, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Montpelier, 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 Montpelier, 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
Montpelier, VA has 6,592 residents in 2,428 households. Density runs 97 people per square mile. Median household income here is $98,682 and median gross rent $1,107 a month.
6,592
Population
2,428
Households
2.7
Avg Household Size
49
Median Age
32%
College-Educated
89%
High-School Grad
68 sq mi
ZIP Area
97
Density / Sq Mi
$98,682
Median Household Income
$45,852
Median Earnings
$1,107
Median Rent
$368,500
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
Where does Realmo's Montpelier market data come from?
Realmo compiles Montpelier, VA figures from 3 recent recorded sales, 21 active sale listings, 53 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 21 active for-sale and 0 active for-lease listings in Montpelier, 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
