Commercial Real Estate Market in Spencer, WV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 338 off-market properties in Spencer, WV.
Market Trends
Spencer, WV spans 164.8 square miles in Roane County, West Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Spencer, 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 Spencer, WV runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Spencer, 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 Spencer, 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
Spencer, WV has 7,226 residents in 3,940 households. Density runs 44 people per square mile. Median household income here is $38,750 and median gross rent $672 a month.
7,226
Population
3,940
Households
1.8
Avg Household Size
45
Median Age
15%
College-Educated
83%
High-School Grad
164.8 sq mi
ZIP Area
44
Density / Sq Mi
$38,750
Median Household Income
$35,527
Median Earnings
$672
Median Rent
$109,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Linden | — | — |
| Tariff | — | — |
| Looneyville | — | — |
| Arnoldsburg | — | — |
Commercial property in Spencer, WV asks $37/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Spencer?
Commercial property in Spencer, WV asks an average of $37 per square foot. The 6 most recent recorded sales traded at a median of $177/SF.
Where does Realmo's Spencer market data come from?
Realmo compiles Spencer, WV figures from 8 recent recorded sales, 20 active sale listings, 338 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 20 active for-sale and 0 active for-lease listings in Spencer, 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
