Commercial Real Estate Market in Northfield, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 96 off-market properties in Northfield, KY.
Market Trends
Northfield, KY spans 9.5 square miles in Jefferson County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Northfield, 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 Northfield, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Northfield, 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 Northfield, KY asks $120/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 80.1%
- Commercial 19.9%
Largest Zones share of zoned land by district
Residential Single Family District
Residential Single Family District
Commercial District
Office And Residential District
Residential Multifamily District
Northfield, KY zones 252 acres across 6 districts. Commercial zoning covers 19.9% of zoned land, residential 80.1%. The largest single district is Residential Single Family District at 36.2%. For commercial buyers the practical constraint is that only 19.9% of land carries a commercial or industrial designation.
Residential Single Family District (R3)
The R-3 District is intended for low-density, single-family residential development, preserving neighborhood character and open space.
Market overview
Demographics & Economy
Northfield, KY has 21,725 residents in 10,953 households. Density runs 2,298 people per square mile. Median household income here is $81,623 and median gross rent $1,326 a month.
21,725
Population
10,953
Households
2
Avg Household Size
40
Median Age
57%
College-Educated
96%
High-School Grad
9.5 sq mi
ZIP Area
2,298
Density / Sq Mi
$81,623
Median Household Income
$54,592
Median Earnings
$1,326
Median Rent
$347,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Glenview Hills | — | — |
| Glenview Manor | — | — |
| Thornhill | — | — |
| Glenview | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Northfield?
Northfield, KY zones 252 acres across 6 districts, of which 19.9% is commercial and 0% industrial. The largest single district is Residential Single Family District at 36.2% of zoned land. The R-3 District is intended for low-density, single-family residential development, preserving neighborhood character and open space. Residential zoning covers 80.1% and open space 0%.
Where does Realmo's Northfield market data come from?
Realmo compiles Northfield, KY figures from 3 recent recorded sales, 1 active sale listings, 96 tracked off-market properties, the current Northfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Northfield, 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: 252 zoned acres across 6 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
