The story of this market
The typical home in ZIP 40701 sells for about $172,089, or $144 per square foot.
Prices are down 4% from a year ago, which gives buyers more room to negotiate. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $747 a month.
ZIP 40701 — Corbin
The housing market in 40701 is experiencing a cooling trend with home values declining by 4% year-over-year. Limited inventory and a lack of recent sales data suggest a cautious environment for buyers and sellers alike.
Median prices moved down 4.0% year over year.
Homes spend a median of 49 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 24.1% — a mixed stability profile.
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 -2.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 40701
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Property taxes are assessed based on local property values; the effective rate is approximately 0.33% based on recent tax assessment data.
Data sourced from U.S. Census Bureau ACS and DHC estimates.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.