Commercial Real Estate Market in Ridgeley, WV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
27 active listings and 110 off-market properties in Ridgeley, WV.
Market Trends
Ridgeley, WV spans 25.8 square miles in Mineral County, West Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ridgeley, 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 Ridgeley, WV runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Ridgeley, 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 Ridgeley, 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
Ridgeley, WV has 5,991 residents in 2,689 households. Density runs 232 people per square mile. Median household income here is $76,445 and median gross rent $880 a month.
5,991
Population
2,689
Households
2.2
Avg Household Size
46
Median Age
29%
College-Educated
97%
High-School Grad
25.8 sq mi
ZIP Area
232
Density / Sq Mi
$76,445
Median Household Income
$48,170
Median Earnings
$880
Median Rent
$214,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Carpendale | — | — |
| Cumberland | — | $11.67 |
| Wiley Ford | — | — |
| Corriganville | — | — |
Commercial property in Ridgeley, WV asks $447/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ridgeley?
Commercial property in Ridgeley, WV asks an average of $447 per square foot. The 3 most recent recorded sales traded at a median of $46/SF, so asking sits 880% above the achieved median.
Where does Realmo's Ridgeley market data come from?
Realmo compiles Ridgeley, WV figures from 3 recent recorded sales, 27 active sale listings, 110 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 27 active for-sale and 0 active for-lease listings in Ridgeley, 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
