Commercial Real Estate Market in Pikeville, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
65 active listings and 818 off-market properties in Pikeville, KY. Commercial property asks $100/SF to buy and $6.26/SF/Yr to lease.
Market Trends
Pikeville, KY spans 192.4 square miles in Pike County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pikeville, 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 Pikeville, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Pikeville, 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 Pikeville, KY asks $117/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 69.4%
- Planned_development 10.2%
- Industrial 10.1%
- Commercial 9.5%
- Civic 0.8%
Largest Zones share of zoned land by district
One And Two Family Residential
One Family Residential
Manufacturing
Highway Commercial
Mixed Use Planned Unit Development
Pikeville, KY zones 11,007 acres across 13 districts. Commercial zoning covers 9.5% of zoned land, residential 69.4% and industrial 10.1%. The largest single district is One And Two Family Residential at 47.3%. For commercial buyers the practical constraint is that only 19.7% of land carries a commercial or industrial designation.
One And Two Family Residential (R-2)
Interpretation of district boundaries Zoning District Regulations 156.100 R-1 One-Family Residential District 156.101 R-1A Inner-City One-Family Residential District 156.102 R-1T Townhouses Residential District 156.103 R-2 One- and Two-Family Residential District 156.104 R-3 One- and Multiple-Family Residential District 156.105 MP Mobile Home Park District 1…
Market overview
Demographics & Economy
Pikeville, KY has 22,636 residents in 11,343 households. Density runs 118 people per square mile. Median household income here is $44,719 and median gross rent $873 a month.
22,636
Population
11,343
Households
2
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
192.4 sq mi
ZIP Area
118
Density / Sq Mi
$44,719
Median Household Income
$35,310
Median Earnings
$873
Median Rent
$147,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fords Branch | — | — |
| Nelse | — | — |
| Shelbiana | — | — |
| Osborn | — | — |
Commercial property in Pikeville, KY asks $100/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pikeville?
Commercial property in Pikeville, KY asks an average of $100 per square foot. The 3 most recent recorded sales traded at a median of $58/SF, so asking sits 72% above the achieved median. Multifamily carries the highest asking price at $117/SF.
How much does it cost to lease commercial space in Pikeville?
Asking lease rates in Pikeville, KY average $6.26 per square foot per year.
What zoning applies to commercial property in Pikeville?
Pikeville, KY zones 11,007 acres across 13 districts, of which 9.5% is commercial and 10.1% industrial. The largest single district is One And Two Family Residential at 47.3% of zoned land. Interpretation of district boundaries Zoning District Regulations 156.100 R-1 One-Family Residential District 156.101 R-1A Inner-City One-Family Residential District 156.102 R-1T Townhouses Residential District 156.103 R-2 One- and Two-Family Residential District 156.104 R-3 One- and Multiple-Family Residential District 156.105 MP Mobile Home Park District 1… Residential zoning covers 69.4% and open space 0%.
Where does Realmo's Pikeville market data come from?
Realmo compiles Pikeville, KY figures from 3 recent recorded sales, 58 active sale listings, 7 active lease listings, 818 tracked off-market properties, the current Pikeville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 58 active for-sale and 7 active for-lease listings in Pikeville, 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: 11,007 zoned acres across 13 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
