Commercial Real Estate Market in Union, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 1,449 off-market properties in Union, KY.
Market Trends
Union, KY spans 56.2 square miles in Boone County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Union, 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 Union, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Union, 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 Union, 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 69.9%
- Planned_development 14.2%
- Commercial 7%
Largest Zones share of zoned land by district
Suburban Residential One
Rural Suburban Estates Union Town
Rural Suburban
Agricultural Estate Union Town
Public Facilities Union Town
Union, KY zones 2,151 acres across 30 districts. Commercial zoning covers 7% of zoned land, residential 69.9%. The largest single district is Suburban Residential One at 23.4%. For commercial buyers the practical constraint is that only 7% of land carries a commercial or industrial designation.
Suburban Residential One (SR-1)
The purpose of the district is to provide a low density, residential environment whose dwelling types and densities are typical of a suburban character.
Market overview
Demographics & Economy
Union, KY has 24,820 residents in 8,148 households. Density runs 442 people per square mile. Median household income here is $134,621 and median gross rent $1,599 a month.
24,820
Population
8,148
Households
3
Avg Household Size
39
Median Age
53%
College-Educated
98%
High-School Grad
56.2 sq mi
ZIP Area
442
Density / Sq Mi
$134,621
Median Household Income
$65,889
Median Earnings
$1,599
Median Rent
$364,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Richwood | — | — |
| Devon | — | — |
| Hopeful Heights | — | — |
| Florence | — | $9.98 |
Frequently Asked Questions
What zoning applies to commercial property in Union?
Union, KY zones 2,151 acres across 30 districts, of which 7% is commercial and 0% industrial. The largest single district is Suburban Residential One at 23.4% of zoned land. The purpose of the district is to provide a low density, residential environment whose dwelling types and densities are typical of a suburban character. Residential zoning covers 69.9% and open space 0%.
Where does Realmo's Union market data come from?
Realmo compiles Union, KY figures from 8 recent recorded sales, 10 active sale listings, 1,449 tracked off-market properties, the current Union zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Union, 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: 2,151 zoned acres across 30 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
