Commercial Real Estate Market in Independence, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 306 off-market properties in Independence, KY.
Market Trends
Independence, KY spans 30.1 square miles in Kenton County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Independence, 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 Independence, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Independence, 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 Independence, 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
- Civic 62.2%
- Residential 21%
- Planned_development 9.8%
- Commercial 3.1%
- Industrial 2.8%
- Agricultural 1.2%
Largest Zones share of zoned land by district
Residential Conventional Subdivision
Residential Large Lot Subdivision
Planned Unit Development
Institutional
Residential Rural Estate
Residential Conventional Subdivision (R-CVS)
The intent of the Residential Conventional Subdivision District is to provide opportunities for a range of single-family lot sizes. The defined character may vary by neighborhood, but new developments should reflect the scale of adjacent neighborhoods. Conventional subdivisions should have walkable, well-connected street systems that connect to adjacent neig…
Market overview
Demographics & Economy
Independence, KY has 31,582 residents in 11,643 households. Density runs 1,048 people per square mile. Median household income here is $100,169 and median gross rent $1,219 a month.
31,582
Population
11,643
Households
2.7
Avg Household Size
35
Median Age
38%
College-Educated
95%
High-School Grad
30.1 sq mi
ZIP Area
1,048
Density / Sq Mi
$100,169
Median Household Income
$50,949
Median Earnings
$1,219
Median Rent
$241,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Nicholson | — | — |
| Latonia Lakes | — | — |
| Devon | — | — |
| Ryland Heights | — | — |
Frequently Asked Questions
Where does Realmo's Independence market data come from?
Realmo compiles Independence, KY figures from 7 recent recorded sales, 10 active sale listings, 2 active lease listings, 306 tracked off-market properties, the current Independence zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 2 active for-lease listings in Independence, 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: 11,636 zoned acres across 16 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
