Commercial Real Estate Market in Henderson, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
51 active listings and 1,144 off-market properties in Henderson, KY. Commercial property asks $145/SF to buy and $22.33/SF/Yr to lease.
Market Trends
Henderson, KY spans 191.6 square miles in Henderson County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Henderson, 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 Henderson, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Henderson, 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 Henderson, 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 34.8%
- Agricultural 28.4%
- Industrial 15.5%
- Commercial 10.5%
- Planned_development 4.7%
- Mixed use 4.4%
- Open space 1.5%
Largest Zones share of zoned land by district
Agricultural District
Medium Density Residential District
Heavy Industrial District
Highway Commercial
Residential Planned Unit Development District
Medium Density Residential District (R-2)
Townhouses shall be permitted in the R-2, R-3, R-4, R-5, and PUD multifamily residential districts provided that the following requirements are met: Zero lot line. Each unit of a townhouse dwelling shall be located on a separate lot. Application of zero lot line provisions will require special covenants within the deeds of affected lots, to address issues un…
Market overview
Demographics & Economy
Henderson, KY has 37,664 residents in 17,316 households. Density runs 197 people per square mile. Median household income here is $56,661 and median gross rent $792 a month.
37,664
Population
17,316
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
89%
High-School Grad
191.6 sq mi
ZIP Area
197
Density / Sq Mi
$56,661
Median Household Income
$39,168
Median Earnings
$792
Median Rent
$164,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Geneva | — | — |
| Baskett | — | — |
| Evansville | — | $14.49 |
| Corydon | — | — |
Commercial property in Henderson, KY asks $145/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Henderson?
Commercial property in Henderson, KY asks an average of $145 per square foot. The 6 most recent recorded sales traded at a median of $108/SF, so asking sits 34% above the achieved median.
How much does it cost to lease commercial space in Henderson?
Asking lease rates in Henderson, KY average $22.33 per square foot per year.
Where does Realmo's Henderson market data come from?
Realmo compiles Henderson, KY figures from 7 recent recorded sales, 40 active sale listings, 11 active lease listings, 1,144 tracked off-market properties, the current Henderson zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 40 active for-sale and 11 active for-lease listings in Henderson, 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: 9,373 zoned acres across 25 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 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
