Commercial Real Estate Market in Flatwoods, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 164 off-market properties in Flatwoods, KY.
Market Trends
Flatwoods, KY spans 8.2 square miles in Greenup County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Flatwoods, 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 Flatwoods, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Flatwoods, 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 Flatwoods, 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 86.7%
- Commercial 8.1%
- Mixed use 5.2%
Largest Zones share of zoned land by district
Residential 2 Medium Density Multifamily
Highway Commercial
Highway Commercial Inclusive
Single Family Residential
Central Commercial
Flatwoods, KY zones 2,721 acres across 5 districts. Commercial zoning covers 8.1% of zoned land, residential 86.7%. The largest single district is Residential 2 Medium Density Multifamily at 82.1%. For commercial buyers the practical constraint is that only 8.1% of land carries a commercial or industrial designation.
Residential 2 Medium Density Multifamily (R-2)
This district is provided in recognition of the areas of the community with medium density residential development and land that is appropriate for such development. All property shall be served by water and sewer.
Market overview
Demographics & Economy
Flatwoods, KY has 8,371 residents in 3,576 households. Density runs 1,016 people per square mile. Median household income here is $59,550 and median gross rent $914 a month.
8,371
Population
3,576
Households
2.3
Avg Household Size
43
Median Age
15%
College-Educated
90%
High-School Grad
8.2 sq mi
ZIP Area
1,016
Density / Sq Mi
$59,550
Median Household Income
$36,763
Median Earnings
$914
Median Rent
$109,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Russell | — | — |
| Meads | — | — |
| Raceland | — | — |
| Worthington | — | — |
Commercial property in Flatwoods, KY asks $121/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Flatwoods?
Commercial property in Flatwoods, KY asks an average of $121 per square foot. The 3 most recent recorded sales traded at a median of $48/SF, so asking sits 153% above the achieved median.
What zoning applies to commercial property in Flatwoods?
Flatwoods, KY zones 2,721 acres across 5 districts, of which 8.1% is commercial and 0% industrial. The largest single district is Residential 2 Medium Density Multifamily at 82.1% of zoned land. This district is provided in recognition of the areas of the community with medium density residential development and land that is appropriate for such development. All property shall be served by water and sewer. Residential zoning covers 86.7% and open space 0%.
Where does Realmo's Flatwoods market data come from?
Realmo compiles Flatwoods, KY figures from 8 recent recorded sales, 22 active sale listings, 164 tracked off-market properties, the current Flatwoods zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 0 active for-lease listings in Flatwoods, 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: 2,721 zoned acres across 5 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, 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
