Commercial Real Estate Market in Madison, WV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 174 off-market properties in Madison, WV.
Market Trends
Madison, WV spans 24.8 square miles in Boone County, West Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Madison, 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 Madison, WV runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Madison, 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 Madison, WV runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Madison, WV has 3,437 residents in 1,623 households. Density runs 139 people per square mile. Median household income here is $51,316 and median gross rent $1,059 a month.
3,437
Population
1,623
Households
2.1
Avg Household Size
45
Median Age
19%
College-Educated
86%
High-School Grad
24.8 sq mi
ZIP Area
139
Density / Sq Mi
$51,316
Median Household Income
$29,056
Median Earnings
$1,059
Median Rent
$98,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Danville | — | — |
| Uneeda | — | — |
| Foster | — | — |
| Turtle Creek | — | — |
Commercial property in Madison, WV asks $119/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Madison?
Commercial property in Madison, WV asks an average of $119 per square foot.
Where does Realmo's Madison market data come from?
Realmo compiles Madison, WV figures from 4 recent recorded sales, 7 active sale listings, 174 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Madison, 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.
- 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
