The story of this market
The typical home in Letcher County, Kentucky sells for about $189,000, or $107 per square foot.
Prices are up +43.18% from a year ago, so sellers still have some momentum. Homes take about 145 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $909 a month.
HUD sets the fair market rent for a 2-bedroom at $909 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
$1,094
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
75
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $16,916,861.
Mortgage activity
Home lending in this county
59.6%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 410 | 181 | 59.6% | 0% | $85,000 |
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 Approval rate is approved ÷ decided (withdrawn and incomplete files excluded).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.
Letcher County, Kentucky
The Letcher County housing market is characterized by low inventory and a significant decline in population, which keeps transaction volumes low. While median listing prices have shown volatility, the underlying economic indicators suggest a stagnant market environment driven by long-term demographic shifts.
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 · 24 cities · 27 ZIP reports
Median prices moved up 14.7% year over year.
Homes spend a median of 57 days on market with 2.3 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 26.68% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.4% · poverty 24.8% — a mixed stability profile.
Deterministic aggregate of 24 researched ZIP reports of 27 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Letcher 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 0.9%/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 Sep 21
researched Sep 17
researched Sep 17
researched Sep 17
researched Sep 17
researched Sep 17
researched Sep 21
researched Sep 21
researched Sep 21
researched Sep 21
| 40826 | Eolia | $125,000 | $85 | +2.1% | 92 | 96.5% | 12% | 6.4 | 18 | $850 | researched Sep 21 |
| 40862 | Partridge | $630,000 | $383 | 0% | 67 | — | — | — | — | $657 | researched Sep 17 |
| 41517 | Burdine | — | $35 | +2.5% | 120 | 95% | 20% | 5 | 5 | $650 | researched Sep 17 |
| 41537 | Jenkins | $165,000 | $112 | +2.1% | 84 | 97.2% | 18.5% | 4.8 | 42 | $467 | researched Sep 17 |
| 41804 | Blackey | $185,000 | $166 | +8.9% | 58 | — | — | 9.6 | — | $909 | researched Sep 17 |
| 41810 | Cromona | $125,000 | $85 | +2.4% | 112 | 96.5% | 18% | 6.8 | 42 | $850 | researched Sep 17 |
| 41812 | Deane | $185,000 | $115 | +8.9% | 45 | 98.5% | 15% | 3.8 | 120 | $1,150 | researched Sep 21 |
| 41815 | Ermine | $125,000 | $85 | +2.4% | 92 | 96.5% | 12% | 6.8 | 14 | $850 | researched Sep 21 |
| 41819 | Gordon | $248,043 | $122 | +4.2% | 48 | 98.2% | 18.5% | 4.6 | 55 | $1,150 | researched Sep 21 |
| 41821 | Hallie | $95,000 | $81 | 0% | 68 | — | 66.7% | — | 3 | $909 | researched Sep 21 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
The county hosts 14 public schools rated good or higher by GreatSchools, alongside two private and charter institutions.
The region faces significant flood risk due to mountainous terrain and historical weather events, impacting local insurance availability and premiums.
Economic momentum is constrained by a declining population and a transition away from traditional coal-based industries, with limited new large-scale commercial development reported.
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 rental market is characterized by limited inventory and a high share of older housing stock, with median gross rents remaining significantly below national averages.
The economy is historically anchored in coal mining and related services, currently undergoing a slow diversification into healthcare and public sector employment.
Transportation is primarily served by state highways and mountain roads, with limited public transit infrastructure available for regional commuting.
The Letcher County Property Valuation Administrator (PVA) is responsible for the annual assessment of real property at fair cash value.
Parcels are subject to various special taxing districts including school districts and local fire protection services.
Property insurance markets are tightening due to regional flood exposure, leading to higher premiums and limited carrier participation.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
Features high-elevation vistas and rugged hiking trails that highlight the natural beauty of the Appalachian mountains.
Data retrieved from Census Bureau QuickFacts and ACS 5-year tables.
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.