Commercial Real Estate Market in Madisonville, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
73 active listings and 1,557 off-market properties in Madisonville, KY. Commercial property asks $23/SF to buy and $10.01/SF/Yr to lease.
Market Trends
Madisonville, KY spans 166.7 square miles in Hopkins County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Madisonville, KY asks $70/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 vacancy in Madisonville, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Madisonville, 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 Madisonville, 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 65.7%
- Industrial 15.7%
- Commercial 11.3%
- Open space 6.5%
- Mixed use 0.6%
- Planned_development 0.2%
Largest Zones share of zoned land by district
Low Density Residential
Medium Density Residential
Agriculture
General Commercial
General Industrial
Madisonville, KY zones 12,104 acres across 14 districts. Commercial zoning covers 11.3% of zoned land, residential 65.7%, open space 6.5% and industrial 15.7%. The largest single district is Low Density Residential at 25.1%. For commercial buyers the practical constraint is that only 27% of land carries a commercial or industrial designation.
Low Density Residential (LDR)
Low Density Residential is intended to provide Single-family detached dwelling
Market overview
Demographics & Economy
Madisonville, KY has 26,566 residents in 12,569 households. Density runs 159 people per square mile. Median household income here is $57,529 and median gross rent $858 a month.
26,566
Population
12,569
Households
2.1
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
166.7 sq mi
ZIP Area
159
Density / Sq Mi
$57,529
Median Household Income
$37,671
Median Earnings
$858
Median Rent
$151,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Earlington | — | — |
| Manitou | — | — |
| Hanson | — | — |
| Mortons Gap | — | — |
Commercial property in Madisonville, KY asks $23/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Madisonville?
Commercial property in Madisonville, KY asks an average of $23 per square foot. Office carries the highest asking price at $70/SF.
How much does it cost to lease commercial space in Madisonville?
Asking lease rates in Madisonville, KY average $10.01 per square foot per year.
What zoning applies to commercial property in Madisonville?
Madisonville, KY zones 12,104 acres across 14 districts, of which 11.3% is commercial and 15.7% industrial. The largest single district is Low Density Residential at 25.1% of zoned land. Low Density Residential is intended to provide Single-family detached dwelling Residential zoning covers 65.7% and open space 6.5%.
Where does Realmo's Madisonville market data come from?
Realmo compiles Madisonville, KY figures from 8 recent recorded sales, 64 active sale listings, 9 active lease listings, 1,557 tracked off-market properties, the current Madisonville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 64 active for-sale and 9 active for-lease listings in Madisonville, 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: 12,104 zoned acres across 14 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
