Commercial Real Estate Market in Morehead, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
89 active listings and 757 off-market properties in Morehead, KY.
Market Trends
Morehead, KY spans 268.2 square miles in Rowan County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Morehead, 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 Morehead, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Morehead, 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 Morehead, 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 42.7%
- Civic 33.6%
- Commercial 18.6%
- Agricultural 4.4%
- Industrial 0.7%
Largest Zones share of zoned land by district
Public And Semipublic
Low Density Residential
High Density Residential
Highway Business
Agricultural
Public And Semipublic (P-1)
P-1 Public and Semipublic Land (Ord. 22:2019, passed 6-10-19) Share Download Bookmark Print § 154.143 ZONING DISTRICT PURPOSE STATEMENTS. The following are the statements of purpose for each of the city's zoning districts established in this zoning code. (A) Agricultural "AG" District. The purpose of this district is to serve as a holding classification for…
Market overview
Demographics & Economy
Morehead, KY has 22,305 residents in 9,497 households. Density runs 83 people per square mile. Median household income here is $51,110 and median gross rent $775 a month.
22,305
Population
9,497
Households
2.3
Avg Household Size
33
Median Age
27%
College-Educated
88%
High-School Grad
268.2 sq mi
ZIP Area
83
Density / Sq Mi
$51,110
Median Household Income
$26,278
Median Earnings
$775
Median Rent
$163,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lakeview Heights | — | — |
| Clearfield | — | — |
| Farmers | — | — |
| Sharkey | — | — |
Frequently Asked Questions
Where does Realmo's Morehead market data come from?
Realmo compiles Morehead, KY figures from 7 recent recorded sales, 82 active sale listings, 7 active lease listings, 757 tracked off-market properties, the current Morehead zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 82 active for-sale and 7 active for-lease listings in Morehead, 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: 5,902 zoned acres across 9 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
