Commercial Real Estate Market in Montgomery, WV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Montgomery, WV spans 5.1 square miles in Fayette County, West Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Montgomery, 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 Montgomery, WV runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Montgomery, 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 Montgomery, 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
- Open space 76.3%
- Residential 15%
- Commercial 8%
- Industrial 0.8%
Largest Zones share of zoned land by district
Conservation
Multifamily Residential
Downtown Commercial
Single Family Residential
General Commercial
Montgomery, WV zones 1,010 acres across 7 districts. Commercial zoning covers 8% of zoned land, residential 15%, open space 76.3% and industrial 0.8%. The largest single district is Conservation at 76.3%. For commercial buyers the practical constraint is that only 8.7% of land carries a commercial or industrial designation.
Conservation (C)
The purpose of the conservation district is to preserve natural resources and to provide permanent open space to protect the natural beauty and scenic value of the city. The open space provides a low-impact recreational area for the enjoyment of outdoor and related activities
Market overview
Demographics & Economy
Montgomery, WV has 1,366 residents in 984 households. Density runs 266 people per square mile. Median household income here is $32,575 and median gross rent $628 a month.
1,366
Population
984
Households
1.4
Avg Household Size
48
Median Age
22%
College-Educated
88%
High-School Grad
5.1 sq mi
ZIP Area
266
Density / Sq Mi
$32,575
Median Household Income
$26,020
Median Earnings
$628
Median Rent
$110,300
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Montgomery?
Montgomery, WV zones 1,010 acres across 7 districts, of which 8% is commercial and 0.8% industrial. The largest single district is Conservation at 76.3% of zoned land. The purpose of the conservation district is to preserve natural resources and to provide permanent open space to protect the natural beauty and scenic value of the city. The open space provides a low-impact recreational area for the enjoyment of outdoor and related activities Residential zoning covers 15% and open space 76.3%.
Methodology & data sources
- 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: 1,010 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
