Commercial Real Estate Market in Lexington, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
81 active listings and 700 off-market properties in Lexington, TN.
Market Trends
Lexington, TN spans 208.0 square miles in Henderson County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lexington, TN runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Lexington, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lexington, TN 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 Lexington, TN 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 67.8%
- Industrial 18.3%
- Commercial 12.1%
- Planned_development 1%
- Civic 0.2%
Largest Zones share of zoned land by district
Low Density Residential
Heavy Industrial
High Density Mixed Structure Residential
Intermediate Business
Medium Density Residential
Lexington, TN zones 7,681 acres across 14 districts. Commercial zoning covers 12.1% of zoned land, residential 67.8% and industrial 18.3%. The largest single district is Low Density Residential at 46.8%. For commercial buyers the practical constraint is that only 30.4% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Lexington, TN has 17,838 residents in 7,909 households. Density runs 86 people per square mile. Median household income here is $53,573 and median gross rent $809 a month.
17,838
Population
7,909
Households
2.3
Avg Household Size
42
Median Age
14%
College-Educated
90%
High-School Grad
208 sq mi
ZIP Area
86
Density / Sq Mi
$53,573
Median Household Income
$37,256
Median Earnings
$809
Median Rent
$159,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Huron | — | — |
| Parker Crossroads | — | — |
| Darden | — | — |
| Reagan | — | — |
Commercial property in Lexington, TN asks $7/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lexington?
Commercial property in Lexington, TN asks an average of $7 per square foot. The 4 most recent recorded sales traded at a median of $58/SF.
What zoning applies to commercial property in Lexington?
Lexington, TN zones 7,681 acres across 14 districts, of which 12.1% is commercial and 18.3% industrial. The largest single district is Low Density Residential at 46.8% of zoned land. Residential zoning covers 67.8% and open space 0%.
Where does Realmo's Lexington market data come from?
Realmo compiles Lexington, TN figures from 5 recent recorded sales, 79 active sale listings, 2 active lease listings, 700 tracked off-market properties, the current Lexington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 79 active for-sale and 2 active for-lease listings in Lexington, TN. 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: 7,681 zoned acres across 14 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
