Commercial Real Estate Market in Morgantown, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 234 off-market properties in Morgantown, KY.
Market Trends
Morgantown, KY spans 287.8 square miles in Butler County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Morgantown, 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 Morgantown, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Morgantown, 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 Morgantown, 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 29.5%
- Commercial 23.8%
- Industrial 23.6%
- Agricultural 11.8%
- Mixed use 0.9%
- Special 0.5%
Largest Zones share of zoned land by district
Commercial
Industrial District
Single Family Residential
Agricultural
Public
Morgantown, KY zones 2,327 acres across 12 districts. Commercial zoning covers 23.8% of zoned land, residential 29.5% and industrial 23.6%. The largest single district is Commercial at 23.8%. For commercial buyers the practical constraint is that only 47.4% of land carries a commercial or industrial designation.
Commercial (COM)
It is the intent of this district to provide areas for commercial development outside of the Central Business District. This development should be located along major highways and should be clustered with common highway access points wherever possible. Strip development with numerous highway access points should be discouraged.
Market overview
Demographics & Economy
Morgantown, KY has 10,146 residents in 4,168 households. Density runs 35 people per square mile. Median household income here is $49,219 and median gross rent $643 a month.
10,146
Population
4,168
Households
2.4
Avg Household Size
41
Median Age
10%
College-Educated
83%
High-School Grad
287.8 sq mi
ZIP Area
35
Density / Sq Mi
$49,219
Median Household Income
$35,529
Median Earnings
$643
Median Rent
$106,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Aberdeen | — | — |
| Woodbury | — | — |
| Dunbar | — | — |
| Logansport | — | — |
Commercial property in Morgantown, KY asks $1,445/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Morgantown?
Commercial property in Morgantown, KY asks an average of $1,445 per square foot.
What zoning applies to commercial property in Morgantown?
Morgantown, KY zones 2,327 acres across 12 districts, of which 23.8% is commercial and 23.6% industrial. The largest single district is Commercial at 23.8% of zoned land. It is the intent of this district to provide areas for commercial development outside of the Central Business District. This development should be located along major highways and should be clustered with common highway access points wherever possible. Strip development with numerous highway access points should be discouraged. Residential zoning covers 29.5% and open space 0%.
Where does Realmo's Morgantown market data come from?
Realmo compiles Morgantown, KY figures from 17 active sale listings, 234 tracked off-market properties, the current Morgantown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 0 active for-lease listings in Morgantown, 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: 2,327 zoned acres across 12 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
