Commercial Real Estate Market in Madisonville, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
73 active listings and 433 off-market properties in Madisonville, TN.
Market Trends
Madisonville, TN spans 117.6 square miles in Monroe County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Madisonville, 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 Madisonville, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Madisonville, 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 Madisonville, 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 61%
- Commercial 28.1%
- Industrial 11%
Largest Zones share of zoned land by district
Low Density Residential
Highway Business District
Industrial District
High Density Residential
Local Business District
Madisonville, TN zones 3,848 acres across 6 districts. Commercial zoning covers 28.1% of zoned land, residential 61% and industrial 11%. The largest single district is Low Density Residential at 61%. For commercial buyers the practical constraint is that only 39% of land carries a commercial or industrial designation.
Low Density Residential (R-1)
Low Density Residential R-1 High Density Residential R-2 Local Business District C-1 Central Business District C-2 Highway Business District C-3 Industrial District M-1 11-305. R-1, Low Density Residential District. The purpose of the R-1, Low Density Residential District is to provide for lower density single and two-family residential options. Within the R…
Market overview
Demographics & Economy
Madisonville, TN has 17,535 residents in 7,370 households. Density runs 149 people per square mile. Median household income here is $53,547 and median gross rent $796 a month.
17,535
Population
7,370
Households
2.4
Avg Household Size
43
Median Age
13%
College-Educated
84%
High-School Grad
117.6 sq mi
ZIP Area
149
Density / Sq Mi
$53,547
Median Household Income
$35,667
Median Earnings
$796
Median Rent
$209,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sweetwater | — | — |
| Englewood | — | — |
| Niota | — | — |
| Philadelphia | — | — |
Commercial property in Madisonville, TN asks $3/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Madisonville?
Commercial property in Madisonville, TN asks an average of $3 per square foot. The 3 most recent recorded sales traded at a median of $106/SF.
What zoning applies to commercial property in Madisonville?
Madisonville, TN zones 3,848 acres across 6 districts, of which 28.1% is commercial and 11% industrial. The largest single district is Low Density Residential at 61% of zoned land. Low Density Residential R-1 High Density Residential R-2 Local Business District C-1 Central Business District C-2 Highway Business District C-3 Industrial District M-1 11-305. R-1, Low Density Residential District. The purpose of the R-1, Low Density Residential District is to provide for lower density single and two-family residential options. Within the R… Residential zoning covers 61% and open space 0%.
Where does Realmo's Madisonville market data come from?
Realmo compiles Madisonville, TN figures from 5 recent recorded sales, 70 active sale listings, 3 active lease listings, 433 tracked off-market properties, the current Madisonville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 70 active for-sale and 3 active for-lease listings in Madisonville, 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: 3,848 zoned acres across 6 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
