Commercial Real Estate Market in Versailles, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
60 active listings and 45 off-market properties in Versailles, KY. Commercial property asks $26/SF to buy and $12.50/SF/Yr to lease.
Market Trends
Versailles, KY spans 175.1 square miles in Woodford County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Versailles, 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 Versailles, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Versailles, 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 Versailles, 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 50.9%
- Industrial 19.5%
- Agricultural 17.6%
- Commercial 11.1%
- Open space 0.8%
Largest Zones share of zoned land by district
Agriculture
Single Family Residential
Light Industrial
Residential Medium Density
Single Family Residential
Versailles, KY zones 4,190 acres across 15 districts. Commercial zoning covers 11.1% of zoned land, residential 50.9%, open space 0.8% and industrial 19.5%. The largest single district is Agriculture at 17.6%. For commercial buyers the practical constraint is that only 30.6% of land carries a commercial or industrial designation.
Agriculture (A-1)
The Agricultural District is intended to Maintain, preserve and enhance the prime agriculture lands of Woodford County
Market overview
Demographics & Economy
Versailles, KY has 32,061 residents in 13,029 households. Density runs 183 people per square mile. Median household income here is $78,414 and median gross rent $960 a month.
32,061
Population
13,029
Households
2.5
Avg Household Size
41
Median Age
42%
College-Educated
92%
High-School Grad
175.1 sq mi
ZIP Area
183
Density / Sq Mi
$78,414
Median Household Income
$39,426
Median Earnings
$960
Median Rent
$265,329
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Midway | — | — |
| Dolan | — | — |
| Keene | — | — |
| Lawrenceburg | — | $25.27 |
Commercial property in Versailles, KY asks $26/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Versailles?
Commercial property in Versailles, KY asks an average of $26 per square foot.
How much does it cost to lease commercial space in Versailles?
Asking lease rates in Versailles, KY average $12.50 per square foot per year.
What zoning applies to commercial property in Versailles?
Versailles, KY zones 4,190 acres across 15 districts, of which 11.1% is commercial and 19.5% industrial. The largest single district is Agriculture at 17.6% of zoned land. The Agricultural District is intended to Maintain, preserve and enhance the prime agriculture lands of Woodford County Residential zoning covers 50.9% and open space 0.8%.
Where does Realmo's Versailles market data come from?
Realmo compiles Versailles, KY figures from 50 active sale listings, 10 active lease listings, 45 tracked off-market properties, the current Versailles zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 50 active for-sale and 10 active for-lease listings in Versailles, 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: 4,190 zoned acres across 15 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
