Commercial Real Estate Market in Springfield, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 231 off-market properties in Springfield, KY.
Market Trends
Springfield, KY spans 188.7 square miles in Washington County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Springfield, 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 Springfield, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Springfield, 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 Springfield, 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 49.2%
- Industrial 34.5%
- Commercial 14.8%
- Civic 1.5%
Largest Zones share of zoned land by district
Single Family Residential
Industrial
Highway Commercial
Two And Three Family Residential
Restricted Commercial
Springfield, KY zones 2,639 acres across 8 districts. Commercial zoning covers 14.8% of zoned land, residential 49.2% and industrial 34.5%. The largest single district is Single Family Residential at 42.1%. For commercial buyers the practical constraint is that only 49.3% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
The R-1 District is intended for low-density residential development, providing quiet, stable neighborhoods consisting primarily of single-family detached homes. It preserves suburban character and protects residential quality of life.
Market overview
Demographics & Economy
Springfield, KY has 8,397 residents in 3,570 households. Density runs 44 people per square mile. Median household income here is $65,357 and median gross rent $665 a month.
8,397
Population
3,570
Households
2.4
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
188.7 sq mi
ZIP Area
44
Density / Sq Mi
$65,357
Median Household Income
$38,843
Median Earnings
$665
Median Rent
$172,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Catharine | — | — |
| Lebanon | — | — |
| Mackville | — | — |
| Nerinx | — | — |
Commercial property in Springfield, KY asks $1,282/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Springfield?
Commercial property in Springfield, KY asks an average of $1,282 per square foot. The 3 most recent recorded sales traded at a median of $55/SF, so asking sits 2228% above the achieved median.
What zoning applies to commercial property in Springfield?
Springfield, KY zones 2,639 acres across 8 districts, of which 14.8% is commercial and 34.5% industrial. The largest single district is Single Family Residential at 42.1% of zoned land. The R-1 District is intended for low-density residential development, providing quiet, stable neighborhoods consisting primarily of single-family detached homes. It preserves suburban character and protects residential quality of life. Residential zoning covers 49.2% and open space 0%.
Where does Realmo's Springfield market data come from?
Realmo compiles Springfield, KY figures from 4 recent recorded sales, 23 active sale listings, 231 tracked off-market properties, the current Springfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 23 active for-sale and 0 active for-lease listings in Springfield, 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: 2,639 zoned acres across 8 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
