Commercial Real Estate Market in Willis, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 24 off-market properties in Willis, VA.
Market Trends
Willis, VA spans 94.5 square miles in Floyd County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Willis, 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 Willis, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Willis, 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 Willis, 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
Willis, VA has 2,696 residents in 1,578 households. Density runs 29 people per square mile. Median household income here is $50,246 and median gross rent $782 a month.
2,696
Population
1,578
Households
1.7
Avg Household Size
48
Median Age
15%
College-Educated
81%
High-School Grad
94.5 sq mi
ZIP Area
29
Density / Sq Mi
$50,246
Median Household Income
$42,600
Median Earnings
$782
Median Rent
$214,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dugspur | — | — |
| Indian Valley | — | — |
| Laurel Fork | — | — |
| Meadows of Dan | — | — |
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 0 active for-lease listings in Willis, 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
