Commercial Real Estate Market in Irvine, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
63 active listings and 344 off-market properties in Irvine, KY. Commercial property asks $6/SF to buy and $6.50/SF/Yr to lease.
Market Trends
Irvine, KY spans 209.6 square miles in Estill County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Irvine, 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 Irvine, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Irvine, 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 Irvine, 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 55.4%
- Open space 13.3%
- Commercial 10.6%
- Agricultural 10.2%
- Industrial 10%
Largest Zones share of zoned land by district
Single Family Residential
Conservation
Single Family Residential
Agriculture
Multifamily Residential
Irvine, KY zones 1,032 acres across 12 districts. Commercial zoning covers 10.6% of zoned land, residential 55.4%, open space 13.3% and industrial 10%. The largest single district is Single Family Residential at 37%. For commercial buyers the practical constraint is that only 20.5% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Irvine, KY has 12,566 residents in 6,030 households. Density runs 60 people per square mile. Median household income here is $45,060 and median gross rent $672 a month.
12,566
Population
6,030
Households
2.1
Avg Household Size
44
Median Age
10%
College-Educated
78%
High-School Grad
209.6 sq mi
ZIP Area
60
Density / Sq Mi
$45,060
Median Household Income
$31,618
Median Earnings
$672
Median Rent
$114,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Irvine | — | — |
| Ravenna | — | — |
| Pryse | — | — |
| Jinks | — | — |
Commercial property in Irvine, KY asks $6/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Irvine?
Commercial property in Irvine, KY asks an average of $6 per square foot. The 5 most recent recorded sales traded at a median of $44/SF.
How much does it cost to lease commercial space in Irvine?
Asking lease rates in Irvine, KY average $6.50 per square foot per year.
What zoning applies to commercial property in Irvine?
Irvine, KY zones 1,032 acres across 12 districts, of which 10.6% is commercial and 10% industrial. The largest single district is Single Family Residential at 37% of zoned land. Residential zoning covers 55.4% and open space 13.3%.
Where does Realmo's Irvine market data come from?
Realmo compiles Irvine, KY figures from 5 recent recorded sales, 62 active sale listings, 1 active lease listings, 344 tracked off-market properties, the current Irvine zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 62 active for-sale and 1 active for-lease listings in Irvine, 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: 1,032 zoned acres across 12 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
