Commercial Real Estate Market in Westwood, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Westwood, KY spans 10.3 square miles in Boyd County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Westwood, KY runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Westwood, KY runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Westwood, KY runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Westwood, KY runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 100%
Largest Zones share of zoned land by district
Westwood, KY zones 78 acres across 1 districts. The largest single district is Residential Single Family District at 100%.
The R-4 District is intended for low-density, single-family residential development, preserving neighborhood character and open space.
Market overview
Demographics & Economy
Westwood, KY has 18,559 residents in 9,269 households. Density runs 1,810 people per square mile. Median household income here is $53,491 and median gross rent $907 a month.
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Fairview | — | — |
| Ironville | — | — |
| Millseat | — | — |
| Bellefonte | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Westwood?
Methodology & data sources
- 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: 78 zoned acres across 1 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
