The story of this market
The typical home in ZIP 40372 sells for about $202,500, or $135 per square foot.
Prices are down 14.1% from a year ago, which gives buyers more room to negotiate. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $866 a month.
ZIP 40372 — Salvisa
The housing market in 40372 is experiencing a correction, evidenced by a significant year-over-year decline in home values and elevated inventory levels. High interest rates and a cooling regional economy are driving longer days on market and increased price sensitivity among buyers. The market remains in a buyer-favorable position due to the current months of supply.
This area is best suited for outdoor enthusiasts, retirees, and families seeking a lower cost of living in a rural setting. It is less ideal for those requiring proximity to major urban employment hubs or high-density public transit.
Median prices moved down 14.1% year over year.
Homes spend a median of 88 days on market with 10.4 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 7.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 40372, Powell County KY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Stanton area are generally lower than the national average, with property crime being the primary concern. Local law enforcement maintains a stable presence, and the area is considered safer than larger urban centers in Kentucky.
Schools serving the area are part of the Powell County School District, which provides standard public education services. Performance metrics are generally consistent with rural Kentucky averages.
The area faces moderate risks from seasonal flooding near river basins and occasional severe wind events. Property insurance availability is stable, though premiums reflect regional wildfire and storm exposure.
Economic momentum is driven by local government, retail, and proximity to the Red River Gorge tourism corridor. Infrastructure development is focused on maintaining rural connectivity rather than large-scale industrial expansion.
Property taxes are assessed at the county level by the Powell County Property Valuation Administrator. Rates are determined by local taxing districts, including school and county general funds, with standard homestead exemptions available for qualifying residents.
Commuting is primarily car-dependent, with residents often traveling toward Winchester or Lexington for employment. Access to the Mountain Parkway provides the main transit corridor for regional travel.
The area is a gateway to the Red River Gorge and Natural Bridge State Resort Park, offering extensive hiking, climbing, and outdoor recreation. Local amenities include community parks and small-town shopping districts in Stanton.
The rental market is characterized by limited inventory and steady demand from local workers and seasonal tourism staff. Vacancy rates remain low due to the lack of new multi-family construction.
The economy is anchored by tourism, local government, and small-scale retail. It serves as a service hub for the surrounding rural population and visitors to the nearby state parks.
Transportation is dominated by the Mountain Parkway, which serves as the primary artery for the county. Public transit options are extremely limited, necessitating personal vehicle ownership.
Development is largely focused on small-scale residential infill and tourism-related commercial projects. There are no major high-density developments currently in the pipeline.
The Powell County Property Valuation Administrator manages assessments, focusing on annual market adjustments to align with state-mandated valuation cycles.
Parcels are subject to Powell County school taxes and local fire district levies. No major MUD or PID districts are currently active in this ZIP.
Property insurance markets are stable, though homeowners should expect higher premiums due to regional wildfire and flood risk profiles.
Data retrieved from data.census.gov ZCTA 40372 profile.
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.
Major regional attraction for hiking and nature.
World-renowned destination for rock climbing and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.