Commercial Real Estate Market in Princeton, WV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 1,375 off-market properties in Princeton, WV.
Market Trends
Princeton, WV spans 156.1 square miles in Mercer County, West Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Princeton, 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 Princeton, WV runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Princeton, 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 space in Princeton, WV asks $88/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 53.2%
- Commercial 18.7%
- Industrial 17.9%
- Civic 9.2%
Largest Zones share of zoned land by district
Residential 2
Residential 1
Industrial
Commercial 2
Residential 3
Princeton, WV zones 1,926 acres across 9 districts. Commercial zoning covers 18.7% of zoned land, residential 53.2% and industrial 17.9%. The largest single district is Residential 2 at 23.4%. For commercial buyers the practical constraint is that only 36.6% of land carries a commercial or industrial designation.
Residential 2 (R-2)
R-2 Residential To identify those areas which have been developed with one and two-family structures. To protect the areas from the intrusion of incompatible land uses. Single-Family detached dwelling Two-Family dwelling All accessory uses permitted in the R-1 District. Home occupation. All special uses in R-1 district. Public schools, community buildings, s…
Market overview
Demographics & Economy
Princeton, WV has 29,908 residents in 14,618 households. Density runs 192 people per square mile. Median household income here is $49,848 and median gross rent $840 a month.
29,908
Population
14,618
Households
2
Avg Household Size
44
Median Age
22%
College-Educated
88%
High-School Grad
156.1 sq mi
ZIP Area
192
Density / Sq Mi
$49,848
Median Household Income
$39,946
Median Earnings
$840
Median Rent
$128,264
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Green Valley | — | — |
| Ceres | — | — |
| Ada | — | — |
| Littlesburg | — | — |
Commercial property in Princeton, WV asks $344/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Princeton?
Commercial property in Princeton, WV asks an average of $344 per square foot. Multifamily carries the highest asking price at $88/SF.
What zoning applies to commercial property in Princeton?
Princeton, WV zones 1,926 acres across 9 districts, of which 18.7% is commercial and 17.9% industrial. The largest single district is Residential 2 at 23.4% of zoned land. R-2 Residential To identify those areas which have been developed with one and two-family structures. To protect the areas from the intrusion of incompatible land uses. Single-Family detached dwelling Two-Family dwelling All accessory uses permitted in the R-1 District. Home occupation. All special uses in R-1 district. Public schools, community buildings, s… Residential zoning covers 53.2% and open space 0%.
Where does Realmo's Princeton market data come from?
Realmo compiles Princeton, WV figures from 5 recent recorded sales, 26 active sale listings, 1,375 tracked off-market properties, the current Princeton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 0 active for-lease listings in Princeton, 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: 1,926 zoned acres across 9 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
