Commercial Real Estate Market in Columbia, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
49 active listings and 613 off-market properties in Columbia, KY.
Market Trends
Columbia, KY spans 320.9 square miles in Adair County, Kentucky. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Columbia, 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 Columbia, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Columbia, 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 Columbia, KY runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 57.8%
- Industrial 16.7%
- Commercial 16.2%
Largest Zones share of zoned land by district
Low Density Residential
Low Moderate Density Residential
General Industrial
Highway Oriented Commercial
Public And Semi Public
Columbia, KY zones 3,234 acres across 11 districts. Commercial zoning covers 16.2% of zoned land, residential 57.8% and industrial 16.7%. The largest single district is Low Density Residential at 34.4%. For commercial buyers the practical constraint is that only 32.9% of land carries a commercial or industrial designation.
Low Density Residential (R-1)
The intent of this district is to provide for low density single family detached homes and supporting uses. This district should be the City's largest residential area. Lots should be large enough to accommodate septic systems in areas of the city not served by the wastewater collection system.
Market overview
Demographics & Economy
Columbia, KY has 16,451 residents in 7,510 households. Density runs 51 people per square mile. Median household income here is $49,063 and median gross rent $776 a month.
16,451
Population
7,510
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
85%
High-School Grad
320.9 sq mi
ZIP Area
51
Density / Sq Mi
$49,063
Median Household Income
$27,544
Median Earnings
$776
Median Rent
$134,100
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Columbia?
Commercial property in Columbia, KY asks an average of $287 per square foot.
What zoning applies to commercial property in Columbia?
Columbia, KY zones 3,234 acres across 11 districts, of which 16.2% is commercial and 16.7% industrial. The largest single district is Low Density Residential at 34.4% of zoned land. The intent of this district is to provide for low density single family detached homes and supporting uses. This district should be the City's largest residential area. Lots should be large enough to accommodate septic systems in areas of the city not served by the wastewater collection system. Residential zoning covers 57.8% and open space 0%.
Where does Realmo's Columbia market data come from?
Realmo compiles Columbia, KY figures from 3 recent recorded sales, 49 active sale listings, 613 tracked off-market properties, the current Columbia zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 49 active for-sale and 0 active for-lease listings in Columbia, 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.
- Zoning and land use
- The current municipal zoning release: 3,234 zoned acres across 11 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 30 September 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 30 September 2026 · report a data issue
