Commercial Real Estate Market in Hazel, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 81 off-market properties in Hazel, KY.
Market Trends
Hazel, KY spans 44.8 square miles in Calloway County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hazel, 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 Hazel, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hazel, 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 Hazel, 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
Hazel, KY has 1,491 residents in 722 households. Density runs 33 people per square mile. Median household income here is $48,482 and median gross rent $739 a month.
1,491
Population
722
Households
2.1
Avg Household Size
46
Median Age
23%
College-Educated
88%
High-School Grad
44.8 sq mi
ZIP Area
33
Density / Sq Mi
$48,482
Median Household Income
$29,188
Median Earnings
$739
Median Rent
$157,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Puryear | — | — |
| Oakdale | — | — |
| Lynn Grove | — | — |
| Murray | — | $14.26 |
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 0 active for-lease listings in Hazel, 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
