The story of this market
The typical home in ZIP 40972 sells for about $165,000, or $115 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 40972 — Oneida
The housing market in 40972 is stable, characterized by low inventory and modest price appreciation. Demand is driven by local residents, with limited new construction activity keeping the market balanced but slow-moving.
This ZIP is best suited for local families and retirees seeking affordable, rural living with proximity to natural amenities, rather than commuters or investors.
Median prices moved up 3.2% year over year.
Homes spend a median of 82 days on market with 5.0 months of supply — a balanced-paced 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 7.2% · poverty 29.0% — 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 6.3%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 40972, Clay 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 Oneida are generally low compared to national averages, with property crime being the primary concern in this rural setting.
Schools in the area are part of the Clay County School District, which serves a rural population with limited extracurricular resources.
The area faces moderate risks from seasonal flooding near the Kentucky River and occasional severe wind events, typical of the Appalachian region.
Economic momentum is slow, with the local economy heavily reliant on public sector employment, education, and small-scale retail.
Property taxes are assessed at the county level by Clay County; the area benefits from relatively low millage rates compared to urban Kentucky centers.
Commutes are primarily car-dependent, with residents traveling to Manchester or London for major employment and services.
Recreation is centered on outdoor activities, including access to the Daniel Boone National Forest and local fishing spots along the river.
The rental market is characterized by low inventory and high demand for affordable housing, with few multi-family developments.
The economy is driven by local government, education, and small-scale agriculture, with limited industrial presence.
Transportation is entirely road-based, with reliance on state highways for regional connectivity.
Development is limited to small-scale residential improvements and public infrastructure maintenance.
The Clay County Property Valuation Administrator manages assessments, which are generally updated on a cyclical basis.
Parcels are subject to Clay County school taxes and local fire district assessments.
Property insurance premiums are influenced by rural fire protection ratings and regional weather-related hazard exposure.
Data retrieved from US Census Bureau ZCTA-level 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.
Provides extensive hiking, camping, and outdoor recreation access.
Serves as a community anchor for local families.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.