The story of this market
The typical home in ZIP 40440 sells for about $210,000, or $165 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $983 a month.
ZIP 40440 — Junction City
The 40440 housing market remains stable with modest price appreciation driven by limited inventory and steady demand from local buyers. While sales volume is constrained by current interest rate levels, the area's affordability relative to larger regional hubs continues to attract families and long-term residents.
This ZIP is ideal for families and first-time buyers seeking affordable, rural-adjacent living with proximity to the employment and retail hubs of Danville.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 4.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 29.9% — a mixed stability 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 5.9%/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 influx — more people moved in than out
ZCTA 40440, Boyle 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 Junction City area are generally low and consistent with rural central Kentucky trends, with property crime being the primary concern compared to violent crime.
Schools serving the area are part of the Boyle County School District, which generally maintains moderate performance ratings within the state's accountability system.
The area faces moderate risk from severe thunderstorms and occasional wind events, with localized flood risks near low-lying areas and creek beds.
Economic momentum is driven by proximity to Danville's industrial and healthcare sectors, with steady residential growth as commuters seek more affordable land-heavy housing options.
Property taxes are assessed by the Boyle County PVA; the rate includes state, county, school district, and city levies, with no special MUD/PID districts typically found in this jurisdiction.
Commuters primarily travel via US-127 toward Danville for employment, with most residents experiencing a 15-20 minute drive to major local services.
Residents have access to local parks in Junction City and are within a short drive of Herrington Lake and the recreational amenities of Danville, including golf and community trails.
The rental market is characterized by low inventory and high demand from local workers, with limited multi-family options and a reliance on single-family home rentals.
The local economy is anchored by manufacturing, healthcare, and education sectors in the neighboring city of Danville, which serves as the primary employment hub.
Transportation is heavily reliant on private vehicles, with US-127 serving as the primary arterial corridor connecting the area to regional employment centers.
Development is focused on low-density residential expansion and small-scale commercial growth along the main highway corridors.
The Boyle County PVA office manages property assessments, utilizing a cyclical inspection program to maintain fair market value records.
Parcels are subject to Boyle County School District taxes and local municipal levies, with no significant special utility or hospital district surcharges.
Property insurance premiums are stable but reflect regional risks associated with wind and storm damage common in central Kentucky.
Kentucky is a judicial foreclosure state, requiring court action to complete the foreclosure process, which typically provides a longer timeline for homeowners.
Kentucky law requires sellers to provide a written disclosure form regarding the condition of the property, though 'as-is' sales are common.
Data retrieved from census.gov ZCTA 40440 profile tables.
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.
Local community park providing green space and playground facilities.
Nearby reservoir offering boating, fishing, and water-based recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.