Commercial Real Estate Market in Elkins, WV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
49 active listings and 984 off-market properties in Elkins, WV.
Market Trends
Elkins, WV spans 104.7 square miles in Randolph County, West Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elkins, WV runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Elkins, WV runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Elkins, WV 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 Elkins, WV 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
- Commercial 47.8%
- Industrial 35.9%
- Open space 6.5%
Largest Zones share of zoned land by district
City Residential
Single Family Residential
Commercial
Industrial
Educational
Elkins, WV zones 1,863 acres across 7 districts. Commercial zoning covers 47.8% of zoned land, open space 6.5% and industrial 35.9%. The largest single district is City Residential at 29.8%. For commercial buyers the practical constraint is that only 83.7% of land carries a commercial or industrial designation.
City Residential (R-2)
Signs for Single Family Residential (R-1) and City Residential (R-2) Districts 152.229 Signs for Recreational (Rec) District 152.230 Signs for Central Business (CBD) District 152.231 Signs for Educational (E) and Commercial (B-1) Districts 152.232 Signs for Industrial (I-1) District Wireless Telecommunications Facilities 152.240 Purpose 152.241 Applicability…
Market overview
Demographics & Economy
Elkins, WV has 13,931 residents in 6,807 households. Density runs 133 people per square mile. Median household income here is $53,102 and median gross rent $831 a month.
13,931
Population
6,807
Households
2
Avg Household Size
45
Median Age
23%
College-Educated
90%
High-School Grad
104.7 sq mi
ZIP Area
133
Density / Sq Mi
$53,102
Median Household Income
$31,591
Median Earnings
$831
Median Rent
$143,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Beverly | — | — |
| Norton | — | — |
| Junior | — | — |
| Coalton | — | — |
Commercial property in Elkins, WV asks $170/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elkins?
Commercial property in Elkins, WV asks an average of $170 per square foot.
What zoning applies to commercial property in Elkins?
Elkins, WV zones 1,863 acres across 7 districts, of which 47.8% is commercial and 35.9% industrial. The largest single district is City Residential at 29.8% of zoned land. Signs for Single Family Residential (R-1) and City Residential (R-2) Districts 152.229 Signs for Recreational (Rec) District 152.230 Signs for Central Business (CBD) District 152.231 Signs for Educational (E) and Commercial (B-1) Districts 152.232 Signs for Industrial (I-1) District Wireless Telecommunications Facilities 152.240 Purpose 152.241 Applicability… Residential zoning covers 0% and open space 6.5%.
Where does Realmo's Elkins market data come from?
Realmo compiles Elkins, WV figures from 7 recent recorded sales, 49 active sale listings, 984 tracked off-market properties, the current Elkins zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 49 active for-sale and 0 active for-lease listings in Elkins, WV. 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: 1,863 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 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
