Commercial Real Estate Market in Prospect, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 19 off-market properties in Prospect, VA.
Market Trends
Prospect, VA spans 42.7 square miles in Prince Edward County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Prospect, 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 Prospect, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Prospect, 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 Prospect, 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
Prospect, VA has 1,823 residents in 1,112 households. Density runs 43 people per square mile. Median household income here is $61,563 and median gross rent $725 a month.
1,823
Population
1,112
Households
1.6
Avg Household Size
45
Median Age
24%
College-Educated
94%
High-School Grad
42.7 sq mi
ZIP Area
43
Density / Sq Mi
$61,563
Median Household Income
$46,018
Median Earnings
$725
Median Rent
$193,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hampden Sydney | — | — |
| Farmville | — | — |
| Pamplin | — | — |
| Darlington Heights | — | — |
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Prospect, 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
