Commercial Real Estate Market in Smithfield, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 27 off-market properties in Smithfield, KY.
Market Trends
Smithfield, KY spans 43.2 square miles in Henry County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Smithfield, 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 Smithfield, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Smithfield, 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 Smithfield, 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 92.8%
- Commercial 7.2%
Largest Zones share of zoned land by district
Agricultural Rural Residential
Single Family Residential And Duplex
Business Central Business District
Multifamily Residential
Business Highway General
Smithfield, KY zones 113 acres across 5 districts. Commercial zoning covers 7.2% of zoned land, residential 92.8%. The largest single district is Agricultural Rural Residential at 49.6%. For commercial buyers the practical constraint is that only 7.2% of land carries a commercial or industrial designation.
Agricultural Rural Residential (A2)
This district is intended for single family residential and agricultural use
Market overview
Demographics & Economy
Smithfield, KY has 2,752 residents in 1,004 households. Density runs 64 people per square mile. Median household income here is $75,179 and median gross rent $1,030 a month.
2,752
Population
1,004
Households
2.7
Avg Household Size
43
Median Age
28%
College-Educated
89%
High-School Grad
43.2 sq mi
ZIP Area
64
Density / Sq Mi
$75,179
Median Household Income
$47,550
Median Earnings
$1,030
Median Rent
$291,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Eminence | — | — |
| New Castle | — | — |
| La Grange | — | — |
| Sulphur | — | — |
Commercial property in Smithfield, KY asks $22/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Smithfield?
Commercial property in Smithfield, KY asks an average of $22 per square foot.
What zoning applies to commercial property in Smithfield?
Smithfield, KY zones 113 acres across 5 districts, of which 7.2% is commercial and 0% industrial. The largest single district is Agricultural Rural Residential at 49.6% of zoned land. This district is intended for single family residential and agricultural use Residential zoning covers 92.8% and open space 0%.
Where does Realmo's Smithfield market data come from?
Realmo compiles Smithfield, KY figures from 5 active sale listings, 27 tracked off-market properties, the current Smithfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Smithfield, 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: 113 zoned acres across 5 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
