Commercial Real Estate Market in Raven, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 132 off-market properties in Raven, VA.
Market Trends
Raven, VA spans 48.0 square miles in Buchanan County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Raven, 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 Raven, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Raven, 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 Raven, 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
Raven, VA has 3,099 residents in 1,673 households. Density runs 65 people per square mile. Median household income here is $43,380 and median gross rent $692 a month.
3,099
Population
1,673
Households
1.9
Avg Household Size
47
Median Age
25%
College-Educated
81%
High-School Grad
48 sq mi
ZIP Area
65
Density / Sq Mi
$43,380
Median Household Income
$36,474
Median Earnings
$692
Median Rent
$107,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Shortt Gap | — | — |
| Whitewood | — | — |
| Red Ash | — | — |
| Lynn Spring | — | — |
Commercial property in Raven, VA asks $151/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Raven?
Commercial property in Raven, VA asks an average of $151 per square foot. The 4 most recent recorded sales traded at a median of $38/SF, so asking sits 298% above the achieved median.
Where does Realmo's Raven market data come from?
Realmo compiles Raven, VA figures from 7 recent recorded sales, 9 active sale listings, 2 active lease listings, 132 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 9 active for-sale and 2 active for-lease listings in Raven, 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
