Commercial Real Estate Market in Louisville, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
28 active listings and 556 off-market properties in Louisville, OH. Commercial property asks $198/SF to buy and $7.42/SF/Yr to lease.
Market Trends
Louisville, OH spans 54.9 square miles in Stark County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Louisville, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Louisville, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Louisville, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Louisville, OH asks $113/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 60.8%
- Industrial 32.2%
- Commercial 7%
Largest Zones share of zoned land by district
Single Family Low Density Suburban Residential
Industrial Manufacturing And Storage
One And Two Family Low Density Urban Residential
Medium Density Urban Residential
Restricted Industrial
Louisville, OH zones 3,337 acres across 12 districts. Commercial zoning covers 7% of zoned land, residential 60.8% and industrial 32.2%. The largest single district is Single Family Low Density Suburban Residential at 39.1%. For commercial buyers the practical constraint is that only 39.2% of land carries a commercial or industrial designation.
Single Family Low Density Suburban Residential (R1)
The R-1 Single-Family Low Density Suburban Residential District is established to accommodate single-family residential dwellings at a density of four dwelling units per net acre.
Market overview
Demographics & Economy
Louisville, OH has 20,399 residents in 8,412 households. Density runs 372 people per square mile. Median household income here is $78,128 and median gross rent $834 a month.
20,399
Population
8,412
Households
2.4
Avg Household Size
44
Median Age
25%
College-Educated
96%
High-School Grad
54.9 sq mi
ZIP Area
372
Density / Sq Mi
$78,128
Median Household Income
$42,035
Median Earnings
$834
Median Rent
$199,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fairhope | — | — |
| East Canton | — | — |
| Mapleton | — | — |
| Middlebranch | — | — |
Commercial property in Louisville, OH asks $198/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Louisville?
Commercial property in Louisville, OH asks an average of $198 per square foot. The 7 most recent recorded sales traded at a median of $60/SF, so asking sits 228% above the achieved median. Multifamily carries the highest asking price at $113/SF.
How much does it cost to lease commercial space in Louisville?
Asking lease rates in Louisville, OH average $7.42 per square foot per year.
What zoning applies to commercial property in Louisville?
Louisville, OH zones 3,337 acres across 12 districts, of which 7% is commercial and 32.2% industrial. The largest single district is Single Family Low Density Suburban Residential at 39.1% of zoned land. The R-1 Single-Family Low Density Suburban Residential District is established to accommodate single-family residential dwellings at a density of four dwelling units per net acre. Residential zoning covers 60.8% and open space 0%.
Where does Realmo's Louisville market data come from?
Realmo compiles Louisville, OH figures from 7 recent recorded sales, 22 active sale listings, 6 active lease listings, 556 tracked off-market properties, the current Louisville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 6 active for-lease listings in Louisville, OH. 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: 3,337 zoned acres across 12 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 Midwest region level, retail vacancy is reported at Midwest region level, industrial vacancy is reported at Midwest 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
