Commercial Real Estate Market in Marion, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 395 off-market properties in Marion, KY.
Market Trends
Marion, KY spans 294.5 square miles in Crittenden County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Marion, 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 Marion, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Marion, 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 Marion, 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 57.1%
- Agricultural 26%
- Industrial 10.2%
- Commercial 6.7%
Largest Zones share of zoned land by district
Single Family Residential
Agricultural
Single Family Through Multifamily Residential
General Industrial
Single Family And Two Family Residential
Marion, KY zones 2,205 acres across 10 districts. Commercial zoning covers 6.7% of zoned land, residential 57.1% and industrial 10.2%. The largest single district is Single Family Residential at 31.8%. For commercial buyers the practical constraint is that only 16.9% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
It is intended to permit the establishment of low density residential as the principle land use in the district.
Market overview
Demographics & Economy
Marion, KY has 8,116 residents in 3,886 households. Density runs 28 people per square mile. Median household income here is $48,173 and median gross rent $658 a month.
8,116
Population
3,886
Households
2.1
Avg Household Size
44
Median Age
13%
College-Educated
85%
High-School Grad
294.5 sq mi
ZIP Area
28
Density / Sq Mi
$48,173
Median Household Income
$36,482
Median Earnings
$658
Median Rent
$116,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Crayne | — | — |
| Tribune | — | — |
| Repton | — | — |
| Levias | — | — |
Commercial property in Marion, KY asks $137/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Marion?
Commercial property in Marion, KY asks an average of $137 per square foot. The 6 most recent recorded sales traded at a median of $31/SF, so asking sits 339% above the achieved median.
What zoning applies to commercial property in Marion?
Marion, KY zones 2,205 acres across 10 districts, of which 6.7% is commercial and 10.2% industrial. The largest single district is Single Family Residential at 31.8% of zoned land. It is intended to permit the establishment of low density residential as the principle land use in the district. Residential zoning covers 57.1% and open space 0%.
Where does Realmo's Marion market data come from?
Realmo compiles Marion, KY figures from 7 recent recorded sales, 16 active sale listings, 395 tracked off-market properties, the current Marion zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 0 active for-lease listings in Marion, 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: 2,205 zoned acres across 10 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
