Commercial Real Estate Market in Onancock, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
57 active listings and 119 off-market properties in Onancock, VA. Commercial property asks $29/SF to buy and $7.91/SF/Yr to lease.
Market Trends
Onancock, VA spans 47.3 square miles in Accomack County, Virginia. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Onancock, 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 Onancock, 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 Onancock, 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 Onancock, 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
- Commercial 91.6%
- Open space 5.5%
- Residential 2.9%
Largest Zones share of zoned land by district
Large Lot Single Family Residential District
Small Lot Single Family Residential Districts
Business Highway
Small Lot Single Family Residential Districts
Parks And Open Space
Onancock, VA zones 651 acres across 9 districts. Commercial zoning covers 91.6% of zoned land, residential 2.9% and open space 5.5%. The largest single district is Large Lot Single Family Residential District at 53.3%. For commercial buyers the practical constraint is that only 91.6% of land carries a commercial or industrial designation.
Large Lot Single Family Residential District (R-1A)
The Purpose of residential district are designed to stabilize and protect the essential characteristics of the district, and to promote and encourage a suitable environment for family life where there are children and to prohibit all activities of a commercial nature.
Market overview
Demographics & Economy
Onancock, VA has 3,625 residents in 2,511 households. Density runs 77 people per square mile. Median household income here is $71,207 and median gross rent $1,035 a month.
3,625
Population
2,511
Households
1.4
Avg Household Size
54
Median Age
30%
College-Educated
89%
High-School Grad
47.3 sq mi
ZIP Area
77
Density / Sq Mi
$71,207
Median Household Income
$36,831
Median Earnings
$1,035
Median Rent
$251,400
Median Home Value
Tools
Nearby Markets
Commercial property in Onancock, VA asks $29/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Onancock?
Commercial property in Onancock, VA asks an average of $29 per square foot. Office carries the highest asking price at $210/SF.
How much does it cost to lease commercial space in Onancock?
Asking lease rates in Onancock, VA average $7.91 per square foot per year.
What zoning applies to commercial property in Onancock?
Onancock, VA zones 651 acres across 9 districts, of which 91.6% is commercial and 0% industrial. The largest single district is Large Lot Single Family Residential District at 53.3% of zoned land. The Purpose of residential district are designed to stabilize and protect the essential characteristics of the district, and to promote and encourage a suitable environment for family life where there are children and to prohibit all activities of a commercial nature. Residential zoning covers 2.9% and open space 5.5%.
Where does Realmo's Onancock market data come from?
Realmo compiles Onancock, VA figures from 54 active sale listings, 3 active lease listings, 119 tracked off-market properties, the current Onancock zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 54 active for-sale and 3 active for-lease listings in Onancock, 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: 651 zoned acres across 9 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
