The story of this market
The typical home in ZIP 40927 sells for about $125,000, or $85 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $650 a month.
ZIP 40927 — Closplint
The housing market in 40927 is characterized by low inventory and slow turnover, typical of rural Kentucky markets. Prices remain modest with limited year-over-year appreciation, reflecting a stable but quiet economic environment.
Median prices moved up 2.4% year over year.
Homes spend a median of 112 days on market with 6.8 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 9.4% · poverty 34.2% — elevated distress and economic pressure.
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 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 40927, 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.
Data retrieved from data.census.gov for Clay City, KY (ZCTA 40927)
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.