Commercial Real Estate Market in Phenix, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 29 off-market properties in Phenix, VA.
Market Trends
Phenix, VA spans 53.4 square miles in Charlotte County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Phenix, 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 Phenix, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Phenix, 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 Phenix, 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 58.3%
- Agricultural 32.4%
- Commercial 8.4%
- Industrial 0.9%
Largest Zones share of zoned land by district
Residential
Agricultural
Business
Industrial
Residential (R)
The General Residential District is intended to provide for flexible residential, public, and semipublic land uses while safeguarding against such uses as might be objectionable in a residential neighborhood
Market overview
Demographics & Economy
Phenix, VA has 1,127 residents in 648 households. Density runs 21 people per square mile. Median household income here is $86,042 and median gross rent $914 a month.
1,127
Population
648
Households
1.7
Avg Household Size
44
Median Age
16%
College-Educated
86%
High-School Grad
53.4 sq mi
ZIP Area
21
Density / Sq Mi
$86,042
Median Household Income
$43,261
Median Earnings
$914
Median Rent
$142,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cullen | — | — |
| Charlotte Court House | — | — |
| Randolph | — | — |
| Red House | — | — |
Frequently Asked Questions
Where does Realmo's Phenix market data come from?
Realmo compiles Phenix, VA figures from 6 active sale listings, 29 tracked off-market properties, the current Phenix zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Phenix, 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: 728 zoned acres across 4 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
