The story of this market
The typical home in ZIP 41397 sells for about $375,000, or $325 per square foot.
Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $980 a month.
ZIP 41397
The housing market in 41397 is characterized by low volume and a focus on rural residential and land sales, particularly around the Red River Gorge. Data for median household income, property taxes, and specific school ratings are not determinable at the ZIP level. Market activity is driven by recreational and vacation property interest rather than traditional residential demand.
This area is best suited for those seeking rural living or vacation properties near the Red River Gorge, as it lacks traditional suburban amenities and employment centers.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 28 days on market with 3.5 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.1% · poverty 8.9% — a mixed stability profile.
ZCTA 41397, Lee County KY
The area is seeing development interest related to the Red River Gorge region, with various land and residential listings appearing in local MLS data.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Kentucky) — Kentucky Ad Valorem Property Tax: Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value.
The area is rural and primarily car-dependent, with 76.3% of residents driving to work.
The ZIP is located near the Red River Gorge, offering significant outdoor recreation opportunities, though local amenities like shopping and dining are limited.
The rental market is limited, with a HUD-published Fair Market Rent of $980 for a two-bedroom unit as of FY 2027.
The local economy is largely rural with limited major employers; economic activity is tied to tourism and land development in the Red River Gorge area.
Data sourced from ZIP Codes To Go and Census ZCTA profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
A major regional destination for hiking, climbing, and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.