Commercial Real Estate Market in Shelbyville, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
105 active listings and 781 off-market properties in Shelbyville, KY. Commercial property asks $215/SF to buy and $16.49/SF/Yr to lease.
Market Trends
Shelbyville, KY spans 167.5 square miles in Shelby County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Shelbyville, 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 Shelbyville, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Shelbyville, 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 Shelbyville, 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 42.5%
- Agricultural 25.7%
- Industrial 19%
- Commercial 9.7%
- Open space 0.3%
- Civic 0.2%
Largest Zones share of zoned land by district
Agriculture
Industrial Light
Residential Multifamily
Residential Very Low Density
Residential Medium Density
Shelbyville, KY zones 5,945 acres across 29 districts. Commercial zoning covers 9.7% of zoned land, residential 42.5%, open space 0.3% and industrial 19%. The largest single district is Agriculture at 25.7%. For commercial buyers the practical constraint is that only 28.6% of land carries a commercial or industrial designation.
Agriculture (A)
The intent of the Agricultural District is to preserve, promote and protect the rural character of the land, including agricultural uses, significant natural features, wooded areas, the water courses, and to minimize erosion of soil, siltation and pollution of streams and lakes
Market overview
Demographics & Economy
Shelbyville, KY has 32,729 residents in 12,943 households. Density runs 195 people per square mile. Median household income here is $76,813 and median gross rent $1,002 a month.
32,729
Population
12,943
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
85%
High-School Grad
167.5 sq mi
ZIP Area
195
Density / Sq Mi
$76,813
Median Household Income
$40,767
Median Earnings
$1,002
Median Rent
$254,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Simpsonville | — | — |
| Finchville | — | — |
| Bagdad | — | — |
| Cropper | — | — |
Commercial property in Shelbyville, KY asks $215/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Shelbyville?
Commercial property in Shelbyville, KY asks an average of $215 per square foot.
How much does it cost to lease commercial space in Shelbyville?
Asking lease rates in Shelbyville, KY average $16.49 per square foot per year.
What zoning applies to commercial property in Shelbyville?
Shelbyville, KY zones 5,945 acres across 29 districts, of which 9.7% is commercial and 19% industrial. The largest single district is Agriculture at 25.7% of zoned land. The intent of the Agricultural District is to preserve, promote and protect the rural character of the land, including agricultural uses, significant natural features, wooded areas, the water courses, and to minimize erosion of soil, siltation and pollution of streams and lakes Residential zoning covers 42.5% and open space 0.3%.
Where does Realmo's Shelbyville market data come from?
Realmo compiles Shelbyville, KY figures from 8 recent recorded sales, 91 active sale listings, 14 active lease listings, 781 tracked off-market properties, the current Shelbyville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 91 active for-sale and 14 active for-lease listings in Shelbyville, 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: 5,945 zoned acres across 29 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
