Commercial Real Estate Market in Central City, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 425 off-market properties in Central City, KY.
Market Trends
Central City, KY spans 104.0 square miles in Muhlenberg County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Central City, KY runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Central City, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Central City, KY 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 Central City, KY runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Central City, KY has 9,501 residents in 4,017 households. Density runs 91 people per square mile. Median household income here is $47,904 and median gross rent $756 a month.
9,501
Population
4,017
Households
2.4
Avg Household Size
40
Median Age
8%
College-Educated
80%
High-School Grad
104 sq mi
ZIP Area
91
Density / Sq Mi
$47,904
Median Household Income
$35,773
Median Earnings
$756
Median Rent
$140,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Carrollton | — | — |
| Cleaton | — | — |
| Powderly | — | — |
| Drakesboro | — | — |
Commercial property in Central City, KY asks $156/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Central City?
Commercial property in Central City, KY asks an average of $156 per square foot.
Where does Realmo's Central City market data come from?
Realmo compiles Central City, KY figures from 7 recent recorded sales, 16 active sale listings, 425 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 16 active for-sale and 0 active for-lease listings in Central City, KY. 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
