Commercial Real Estate Market in Lebanon, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
37 active listings and 423 off-market properties in Lebanon, KY.
Market Trends
Lebanon, KY spans 140.4 square miles in Marion County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lebanon, 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 Lebanon, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lebanon, 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 Lebanon, 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 50.9%
- Industrial 24.4%
- Commercial 13.4%
- Civic 10.9%
- Agricultural 0.3%
Largest Zones share of zoned land by district
Single Family Residential District
Heavy Industrial District
General Business District
Public District
Light Industrial District
Lebanon, KY zones 4,012 acres across 12 districts. Commercial zoning covers 13.4% of zoned land, residential 50.9% and industrial 24.4%. The largest single district is Single Family Residential District at 37.5%. For commercial buyers the practical constraint is that only 37.8% of land carries a commercial or industrial designation.
Heavy Industrial District (I-2)
Heavy Industrial District (I-2) 154.260 Purpose and intent 154.261 Uses 154.262 I-2 property development standards 154.263 Signage 154.264 Off-street parking and loading/unloading 154.265 Performance standards Public District (P) 154.275 Purpose and intent 154.276 Uses 154.277 P property development standards 154.278 Signage 154.279 Off-street parking and lo…
Market overview
Demographics & Economy
Lebanon, KY has 12,726 residents in 5,167 households. Density runs 91 people per square mile. Median household income here is $49,642 and median gross rent $733 a month.
12,726
Population
5,167
Households
2.5
Avg Household Size
40
Median Age
11%
College-Educated
87%
High-School Grad
140.4 sq mi
ZIP Area
91
Density / Sq Mi
$49,642
Median Household Income
$37,566
Median Earnings
$733
Median Rent
$160,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Calvary | — | — |
| Saint Mary | — | — |
| Bradfordsville | — | — |
| Springfield | — | — |
Commercial property in Lebanon, KY asks $105/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lebanon?
Commercial property in Lebanon, KY asks an average of $105 per square foot. The 5 most recent recorded sales traded at a median of $45/SF, so asking sits 131% above the achieved median.
What zoning applies to commercial property in Lebanon?
Lebanon, KY zones 4,012 acres across 12 districts, of which 13.4% is commercial and 24.4% industrial. The largest single district is Single Family Residential District at 37.5% of zoned land. Residential zoning covers 50.9% and open space 0%.
Where does Realmo's Lebanon market data come from?
Realmo compiles Lebanon, KY figures from 7 recent recorded sales, 31 active sale listings, 6 active lease listings, 423 tracked off-market properties, the current Lebanon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 6 active for-lease listings in Lebanon, 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: 4,012 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, 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
