Commercial Real Estate Market in Lily, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 17 off-market properties in Lily, KY.
Market Trends
Lily, KY spans 15.1 square miles in Laurel County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lily, KY asks $69/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Lily, KY asks $103/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lily, 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 space in Lily, KY asks $76/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Lily, KY has 3,094 residents in 1,358 households. Density runs 205 people per square mile. Median household income here is $60,824 and median gross rent $773 a month.
3,094
Population
1,358
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
77%
High-School Grad
15.1 sq mi
ZIP Area
205
Density / Sq Mi
$60,824
Median Household Income
$31,537
Median Earnings
$773
Median Rent
$124,200
Median Home Value
Tools
Nearby Markets
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Lily, 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
