Commercial Real Estate Market in Fairmont, WV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
90 active listings and 1,937 off-market properties in Fairmont, WV. Commercial property asks $180/SF to buy and $14.33/SF/Yr to lease.
Market Trends
Fairmont, WV spans 131.9 square miles in Marion County, West Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Fairmont, 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 Fairmont, WV runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Fairmont, 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 Fairmont, 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
- Residential 56.5%
- Mixed use 16.4%
- Commercial 15.6%
- Open space 4.4%
- Industrial 4.1%
Largest Zones share of zoned land by district
General Residential
Neighborhood Residential
Main Corridor Commercial
Technology
Highway Commercial
Fairmont, WV zones 4,945 acres across 12 districts. Commercial zoning covers 15.6% of zoned land, residential 56.5%, open space 4.4% and industrial 4.1%. The largest single district is General Residential at 38.9%. For commercial buyers the practical constraint is that only 19.8% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Fairmont, WV has 42,133 residents in 19,688 households. Density runs 319 people per square mile. Median household income here is $69,271 and median gross rent $931 a month.
42,133
Population
19,688
Households
2.1
Avg Household Size
40
Median Age
30%
College-Educated
94%
High-School Grad
131.9 sq mi
ZIP Area
319
Density / Sq Mi
$69,271
Median Household Income
$40,688
Median Earnings
$931
Median Rent
$181,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Colfax | — | — |
| Pleasant Valley | — | — |
| Whitehall | — | — |
| White Hall | — | — |
Commercial property in Fairmont, WV asks $180/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Fairmont?
Commercial property in Fairmont, WV asks an average of $180 per square foot.
How much does it cost to lease commercial space in Fairmont?
Asking lease rates in Fairmont, WV average $14.33 per square foot per year.
What zoning applies to commercial property in Fairmont?
Fairmont, WV zones 4,945 acres across 12 districts, of which 15.6% is commercial and 4.1% industrial. The largest single district is General Residential at 38.9% of zoned land. Residential zoning covers 56.5% and open space 4.4%.
Where does Realmo's Fairmont market data come from?
Realmo compiles Fairmont, WV figures from 7 recent recorded sales, 86 active sale listings, 4 active lease listings, 1,937 tracked off-market properties, the current Fairmont zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 86 active for-sale and 4 active for-lease listings in Fairmont, 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: 4,945 zoned acres across 12 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
