Commercial Real Estate Market in Shipman, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 9 off-market properties in Shipman, VA.
Market Trends
Shipman, VA spans 56.0 square miles in Nelson County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Shipman, 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 Shipman, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Shipman, 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 Shipman, 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
Shipman, VA has 1,709 residents in 1,157 households. Density runs 31 people per square mile. Median household income here is $76,151 and median gross rent $1,032 a month.
1,709
Population
1,157
Households
1.5
Avg Household Size
49
Median Age
14%
College-Educated
85%
High-School Grad
56 sq mi
ZIP Area
31
Density / Sq Mi
$76,151
Median Household Income
$32,200
Median Earnings
$1,032
Median Rent
$272,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lovingston | — | — |
| Arrington | — | — |
| Norwood | — | — |
| Rockfish | — | — |
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Shipman, 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
