The story of this market
The typical home in Knott County, Kentucky sells for about $77,000, or $60 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $983 a month.
HUD sets the fair market rent for a 2-bedroom at $983 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Monthly price momentum
Home values since 2015
+4.3%
KY · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,171
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Natural hazard exposure
The area's risk shape
83
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $11,546,210.
Mortgage activity
Home lending in this county
63%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 234 | 94 | 63% | 0% | $115,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Knott County, Kentucky
Knott County's housing market remains highly affordable but faces significant challenges due to population decline and the need for flood-resilient infrastructure. Market activity is low, with limited inventory and a strong focus on state-supported recovery housing projects. The overall sentiment is cautious as the county navigates economic transition and environmental recovery.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 2 cities · 4 ZIP reports
Median prices moved down 2.5% year over year.
Homes spend a median of 120 days on market with 8.5 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 94% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.3% · poverty 29.2% — elevated distress and economic pressure.
Knott County, Kentucky — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Oct 28
| 41844 | Pippa Passes | $72,400 | $72 | — | — | — | — | — | — | $548 | researched Oct 28 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Public education is provided primarily through the Knott County School District, which serves the rural population of the county.
The region faces significant flood risks, leading to ongoing state-led initiatives to build new housing on higher ground in Eastern Kentucky.
Economic momentum is focused on post-flood recovery and infrastructure development, including new housing projects like Chestnut Ridge.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Kentucky) — Kentucky Ad Valorem Property Tax: Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value.
The county features rugged Appalachian terrain suitable for outdoor recreation, including access to regional parks and natural areas.
The rental market is characterized by limited inventory and a reliance on public housing authorities, with HUD fair market rents serving as a benchmark.
The economy is transitioning from traditional coal-based industries toward public sector, education, and healthcare services.
Transportation is primarily served by state highways, with limited public transit infrastructure available in the mountainous terrain.
Planning efforts are currently dominated by disaster recovery and the development of resilient housing on higher ground.
The Knott County Property Valuation Administrator (PVA) is responsible for the assessment of all real property at fair cash value.
The county is served by local school districts and various utility districts providing water and sanitation services.
Property insurance premiums are influenced by the high flood risk profile of the Appalachian region.
- Appalachian Wireless Arena4.527.6 mi
- Mountain Arts Center4.724.1 mi
- Mr Gatti's Pizza4.227.2 mi
- Mine Made Adventure Park4.64.3 mi
- Carr Creek State Park4.57.9 mi
- Hillside Theater413.4 mi
- Portal 31 Coal Mine & Tour4.626.6 mi
- Kentucky Coal Mining Museum4.626.5 mi
- Middle Creek National Battlefield4.423.2 mi
- The Carbon Canary Tattoo Studio4.727.6 mi
- Mine Made Adventure Park4.64.3 mi
- Carr Creek State Park4.57.9 mi
- Perry County Park4.512.7 mi
- Daniel Boone Plaza4.112.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A historic institution that preserves Appalachian culture and provides community programming.
A major regional venue hosting athletic events and community gatherings.
Data retrieved from Census Reporter and Hometown Locator.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value. A homestead exemption is available for owners aged 65 or older or those who are totally disabled, which exempts a portion of the assessed value from taxation (the specific exemption amount is adjusted biennially based on the cost of living index).
Kentucky Constitution Section 170, 172; KRS 132.190
Kentucky is a judicial foreclosure state, requiring a court action to enforce a mortgage or lien. The process involves a court-ordered sale, typically conducted by the master commissioner.
KRS Chapter 426
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.