Commercial Real Estate Market in Mayfield, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
41 active listings and 843 off-market properties in Mayfield, KY. Commercial property asks $126/SF to buy and $8.00/SF/Yr to lease.
Market Trends
Mayfield, KY spans 217.3 square miles in Graves County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mayfield, 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 Mayfield, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Mayfield, 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 Mayfield, 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 59.2%
- Commercial 22.5%
- Industrial 10.9%
Largest Zones share of zoned land by district
Single Family Residential District
Highway Commercial District
One Two And Multifamily Residential District
Light Industrial District
Municipal Use 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.
Single Family Residential District (R-1B)
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.
23,081
Population
10,793
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
217.3 sq mi
ZIP Area
106
Density / Sq Mi
$48,118
Median Household Income
$34,853
Median Earnings
$695
Median Rent
$135,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| High Point | — | — |
| Hickory | — | — |
| Sedalia | — | — |
| Farmington | — | — |
Commercial property in Mayfield, KY asks $126/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mayfield?
Commercial property in Mayfield, KY asks an average of $126 per square foot.
How much does it cost to lease commercial space in Mayfield?
Asking lease rates in Mayfield, KY average $8.00 per square foot per year.
What zoning applies to commercial property in Mayfield?
Mayfield, KY zones 4,676 acres across 10 districts, of which 22.5% is commercial and 10.9% industrial. The largest single district is Single Family Residential District at 38.8% of zoned land. 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)… Residential zoning covers 59.2% and open space 0%.
Where does Realmo's Mayfield market data come from?
Realmo compiles Mayfield, KY figures from 39 active sale listings, 2 active lease listings, 843 tracked off-market properties, the current Mayfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 39 active for-sale and 2 active for-lease listings in Mayfield, 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: 4,676 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 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
