Commercial Real Estate Market in Petroleum, WV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 8 off-market properties in Petroleum, WV.
Market Trends
Petroleum, WV spans 49.3 square miles in Ritchie County, West Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Petroleum, 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 Petroleum, WV runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Petroleum, 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 Petroleum, 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
Petroleum, WV has 374 residents in 243 households. Density runs 8 people per square mile. Median household income here is $50,568.
374
Population
243
Households
1.5
Avg Household Size
53
Median Age
12%
College-Educated
93%
High-School Grad
49.3 sq mi
ZIP Area
8
Density / Sq Mi
$50,568
Median Household Income
$47,222
Median Earnings
$0
Median Rent
$176,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cairo | — | — |
| Macfarlan | — | — |
| Mahone | — | — |
| Brohard | — | — |
Commercial property in Petroleum, WV asks $457/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Petroleum?
Commercial property in Petroleum, WV asks an average of $457 per square foot.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Petroleum, 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
