Commercial Real Estate Market in Mayfield, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
16 active listings and 842 off-market properties in Mayfield, KY.
Market Trends
Mayfield, KY spans 217.3 square miles in Graves County, Kentucky. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Mayfield, KY has a median asking sale price of $327/SF (based on 3 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Mayfield, KY has a median asking sale price of $230/SF (based on 3 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Mayfield, KY has a median asking sale price of $103/SF (based on 5 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Mayfield, KY runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 59.2%
- Commercial 22.5%
- Industrial 10.9%
Largest Zones share of zoned land by district
Mayfield, KY zones 4,676 acres across 10 districts. Commercial zoning covers 22.5% of zoned land, residential 59.2% and industrial 10.9%. The largest single district is Single Family Residential District at 38.8%. For commercial buyers the practical constraint is that only 33.4% of land carries a commercial or industrial designation.
R-1A, R-1B, R-1C and R-1D, Single-family Residential Dwelling Districts. District and intent. The provisions of these districts are intended to apply to areas of low-density single-family residential development. Lot sizes and other restrictions are intended to protect and promote high quality residential development. 4.201 Principal uses and structures: (a)…
Market overview
Demographics & Economy
Mayfield, KY has 23,081 residents in 10,793 households. Density runs 106 people per square mile. Median household income here is $48,118 and median gross rent $695 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Mayfield?
What zoning applies to commercial property in Mayfield?
Where does Realmo's Mayfield market data come from?
Methodology & data sources
- Asking prices and medians
- There are 13 active for-sale and 3 active for-lease listings in Mayfield, KY. The sale median is based on 10 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 4,676 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
