Commercial Real Estate Market in Greenville, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 326 off-market properties in Greenville, KY.
Market Trends
Greenville, KY spans 154.1 square miles in Muhlenberg County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greenville, 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 Greenville, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Greenville, 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 Greenville, 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 62.1%
- Agricultural 18.2%
- Industrial 11.4%
- Commercial 7.4%
Largest Zones share of zoned land by district
One And Two Family Residential District
One Family Residence District
Agricultural District
Light Manufacturing District
Multiple Family Residence District
Greenville, KY zones 3,384 acres across 11 districts. Commercial zoning covers 7.4% of zoned land, residential 62.1% and industrial 11.4%. The largest single district is One And Two Family Residential District at 32.7%. For commercial buyers the practical constraint is that only 18.8% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Greenville, KY has 11,307 residents in 4,917 households. Density runs 73 people per square mile. Median household income here is $68,040 and median gross rent $649 a month.
11,307
Population
4,917
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
89%
High-School Grad
154.1 sq mi
ZIP Area
73
Density / Sq Mi
$68,040
Median Household Income
$44,240
Median Earnings
$649
Median Rent
$132,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Powderly | — | — |
| Cleaton | — | — |
| Graham | — | — |
| Beech Creek | — | — |
Commercial property in Greenville, KY asks $285/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greenville?
Commercial property in Greenville, KY asks an average of $285 per square foot. The 5 most recent recorded sales traded at a median of $141/SF, so asking sits 102% above the achieved median.
What zoning applies to commercial property in Greenville?
Greenville, KY zones 3,384 acres across 11 districts, of which 7.4% is commercial and 11.4% industrial. The largest single district is One And Two Family Residential District at 32.7% of zoned land. Residential zoning covers 62.1% and open space 0%.
Where does Realmo's Greenville market data come from?
Realmo compiles Greenville, KY figures from 6 recent recorded sales, 20 active sale listings, 326 tracked off-market properties, the current Greenville zoning release. 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 Greenville, 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: 3,384 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 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
