Commercial Real Estate Market in Saltville, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 186 off-market properties in Saltville, VA.
Market Trends
Saltville, VA spans 151.7 square miles in Smyth County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Saltville, 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 Saltville, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Saltville, 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 Saltville, 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
- Agricultural 49.5%
- Residential 33.1%
- Industrial 16.3%
- Commercial 0.6%
Largest Zones share of zoned land by district
Agricultural Conservation
Residential Low Density
Limited Industrial
Residential Medium Density
Residential High Density
Market overview
Demographics & Economy
Saltville, VA has 5,832 residents in 2,890 households. Density runs 38 people per square mile. Median household income here is $49,309 and median gross rent $597 a month.
5,832
Population
2,890
Households
2
Avg Household Size
47
Median Age
19%
College-Educated
85%
High-School Grad
151.7 sq mi
ZIP Area
38
Density / Sq Mi
$49,309
Median Household Income
$40,060
Median Earnings
$597
Median Rent
$100,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clinchburg | — | — |
| Glade Spring | — | — |
| Chilhowie | — | — |
| Broadford | — | — |
Commercial property in Saltville, VA asks $116/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Saltville?
Commercial property in Saltville, VA asks an average of $116 per square foot. The 6 most recent recorded sales traded at a median of $14/SF, so asking sits 709% above the achieved median.
Where does Realmo's Saltville market data come from?
Realmo compiles Saltville, VA figures from 8 recent recorded sales, 16 active sale listings, 186 tracked off-market properties, the current Saltville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 0 active for-lease listings in Saltville, 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: 5,220 zoned acres across 7 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, 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
