Commercial Real Estate Market in Richlawn, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Richlawn, KY spans 11.7 square miles in Jefferson County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Richlawn, 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 Richlawn, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Richlawn, 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 Richlawn, 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 89.9%
- Commercial 9.6%
- Industrial 0.6%
Largest Zones share of zoned land by district
Residential Single Family District
Commercial District
Industrial District
Richlawn, KY zones 65 acres across 3 districts. Commercial zoning covers 9.6% of zoned land, residential 89.9% and industrial 0.6%. The largest single district is Residential Single Family District at 89.9%. For commercial buyers the practical constraint is that only 10.2% of land carries a commercial or industrial designation.
Residential Single Family District (R5)
The R-5 District is intended for low-density, single-family residential development, preserving neighborhood character and open space.
Market overview
Demographics & Economy
Richlawn, KY has 30,104 residents in 14,507 households. Density runs 2,565 people per square mile. Median household income here is $98,583 and median gross rent $1,248 a month.
30,104
Population
14,507
Households
2.1
Avg Household Size
43
Median Age
68%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
2,565
Density / Sq Mi
$98,583
Median Household Income
$59,242
Median Earnings
$1,248
Median Rent
$401,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woodlawn Park | — | — |
| Norbourne Estates | — | — |
| Louisville | — | $16.69 |
| Bellewood | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Richlawn?
Richlawn, KY zones 65 acres across 3 districts, of which 9.6% is commercial and 0.6% industrial. The largest single district is Residential Single Family District at 89.9% of zoned land. The R-5 District is intended for low-density, single-family residential development, preserving neighborhood character and open space. Residential zoning covers 89.9% and open space 0%.
Methodology & data sources
- 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: 65 zoned acres across 3 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
