Commercial Real Estate Market in Princeton, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
30 active listings and 592 off-market properties in Princeton, KY. Commercial property asks $127/SF to buy and $22.00/SF/Yr to lease.
Market Trends
Princeton, KY spans 261.3 square miles in Caldwell County, Kentucky. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Princeton, 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 Princeton, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Princeton, 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 Princeton, 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 68.5%
- Industrial 22.3%
- Commercial 7.9%
Largest Zones share of zoned land by district
Low Density Residential District
Two Family Residential District
Heavy Industrial District
Light Industrial District
Multifamily Residential District
Princeton, KY zones 5,770 acres across 9 districts. Commercial zoning covers 7.9% of zoned land, residential 68.5% and industrial 22.3%. The largest single district is Low Density Residential District at 42.6%. For commercial buyers the practical constraint is that only 30.2% of land carries a commercial or industrial designation.
Low Density Residential District (R-1)
The low density residential classification is the most restrictive residential district. The principal land use in this district is for single family dwellings and for associated religious, recreational, educational, and public facilities necessary to provide for a balanced and attractive low density residential area. Lands in this district are intended to b…
Market overview
Demographics & Economy
Princeton, KY has 11,009 residents in 4,913 households. Density runs 42 people per square mile. Median household income here is $54,024 and median gross rent $724 a month.
11,009
Population
4,913
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
88%
High-School Grad
261.3 sq mi
ZIP Area
42
Density / Sq Mi
$54,024
Median Household Income
$41,970
Median Earnings
$724
Median Rent
$111,400
Median Home Value
Tools
Nearby Markets
Commercial property in Princeton, KY asks $127/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Princeton?
Commercial property in Princeton, KY asks an average of $127 per square foot.
How much does it cost to lease commercial space in Princeton?
Asking lease rates in Princeton, KY average $22.00 per square foot per year.
What zoning applies to commercial property in Princeton?
Princeton, KY zones 5,770 acres across 9 districts, of which 7.9% is commercial and 22.3% industrial. The largest single district is Low Density Residential District at 42.6% of zoned land. The low density residential classification is the most restrictive residential district. The principal land use in this district is for single family dwellings and for associated religious, recreational, educational, and public facilities necessary to provide for a balanced and attractive low density residential area. Lands in this district are intended to b… Residential zoning covers 68.5% and open space 0%.
Where does Realmo's Princeton market data come from?
Realmo compiles Princeton, KY figures from 5 recent recorded sales, 29 active sale listings, 1 active lease listings, 592 tracked off-market properties, the current Princeton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 29 active for-sale and 1 active for-lease listings in Princeton, 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: 5,770 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
