Commercial Real Estate Market in Millersburg, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 13 off-market properties in Millersburg, KY.
Market Trends
Millersburg, KY spans 0.6 square miles in Bourbon County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Millersburg, 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 Millersburg, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Millersburg, 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 Millersburg, KY asks $102/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 59.1%
- Agricultural 28.9%
- Industrial 6.4%
- Commercial 5.6%
Largest Zones share of zoned land by district
Residential
Agricultural
Residential
Industrial
Commercial
Millersburg, KY zones 316 acres across 5 districts. Commercial zoning covers 5.6% of zoned land, residential 59.1% and industrial 6.4%. The largest single district is Residential at 36.7%. For commercial buyers the practical constraint is that only 12% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Millersburg, KY has 582 residents in 355 households. Density runs 954 people per square mile. Median household income here is $43,571 and median gross rent $653 a month.
582
Population
355
Households
1.6
Avg Household Size
46
Median Age
20%
College-Educated
75%
High-School Grad
0.6 sq mi
ZIP Area
954
Density / Sq Mi
$43,571
Median Household Income
$36,944
Median Earnings
$653
Median Rent
$127,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hooktown | — | — |
| Ruddels Mills | — | — |
| Colville | — | — |
| Shawhan | — | — |
Commercial property in Millersburg, KY asks $93/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Millersburg?
Commercial property in Millersburg, KY asks an average of $93 per square foot. Multifamily carries the highest asking price at $102/SF.
What zoning applies to commercial property in Millersburg?
Millersburg, KY zones 316 acres across 5 districts, of which 5.6% is commercial and 6.4% industrial. The largest single district is Residential at 36.7% of zoned land. Residential zoning covers 59.1% and open space 0%.
Where does Realmo's Millersburg market data come from?
Realmo compiles Millersburg, KY figures from 2 active sale listings, 13 tracked off-market properties, the current Millersburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Millersburg, 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: 316 zoned acres across 5 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
