The story of this market
The typical home in Letcher County, Kentucky sells for about $189,000, or $70,749 per square foot.
Prices are up +43.18% from a year ago, so sellers still have some momentum. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $909 a month.
HUD sets the fair market rent for a 2-bedroom at $909 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Monthly price momentum
Home values since 2015
+4.3%
KY · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,094
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Natural hazard exposure
The area's risk shape
75
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $16,916,861.
Mortgage activity
Home lending in this county
59.6%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 410 | 181 | 59.6% | 0% | $85,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Letcher County, Kentucky
The Letcher County housing market shows a significant year-over-year increase in median listing prices, though inventory remains extremely limited with only 28 active listings. Market activity is characterized by a low volume of sales and a lack of rental data, reflecting a constrained local housing environment.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 24 cities · 24 ZIP reports
Median prices moved up 14.7% year over year.
Homes spend a median of 57 days on market with 2.3 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 26.68% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 24.4% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 24 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 21
researched Sep 17
researched Sep 17
researched Sep 17
researched Sep 17
researched Sep 17
researched Sep 21
researched Sep 21
researched Sep 21
researched Sep 21
| 40826 | Eolia | $125,000 | $85 | +2.1% | 92 | 96.5% | 12% | 6.4 | 18 | $850 | researched Sep 21 |
| 40862 | Partridge | $630,000 | $383 | 0% | 67 | — | — | — | — | $657 | researched Sep 17 |
| 41517 | Burdine | — | $35 | +2.5% | 120 | 95% | 20% | 5 | 5 | $650 | researched Sep 17 |
| 41537 | Jenkins | $165,000 | $112 | +2.1% | 84 | 97.2% | 18.5% | 4.8 | 42 | $467 | researched Sep 17 |
| 41804 | Blackey | $185,000 | $166 | +8.9% | 58 | — | — | 9.6 | — | $909 | researched Sep 17 |
| 41810 | Cromona | $125,000 | $85 | +2.4% | 112 | 96.5% | 18% | 6.8 | 42 | $850 | researched Sep 17 |
| 41812 | Deane | $185,000 | $115 | +8.9% | 45 | 98.5% | 15% | 3.8 | 120 | $1,150 | researched Sep 21 |
| 41815 | Ermine | $125,000 | $85 | +2.4% | 92 | 96.5% | 12% | 6.8 | 14 | $850 | researched Sep 21 |
| 41819 | Gordon | $248,043 | $122 | +4.2% | 48 | 98.2% | 18.5% | 4.6 | 55 | $1,150 | researched Sep 21 |
| 41821 | Hallie | $95,000 | $81 | 0% | 68 | — | 66.7% | — | 3 | $909 | researched Sep 21 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Letcher County hosts 14 public schools rated good and higher by GreatSchools, alongside 2 private and charter schools.
Data retrieved from Census Reporter and U.S. Census Bureau QuickFacts.
Kentucky is a judicial foreclosure state, requiring a court action to enforce a mortgage or lien. The process involves a court-ordered sale, typically conducted by the master commissioner.
KRS Chapter 426
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. A homestead exemption is available for owners aged 65 or older or those who are totally disabled, which exempts a portion of the assessed value from taxation (the specific exemption amount is adjusted biennially based on the cost of living index).
Kentucky Constitution Section 170, 172; KRS 132.190
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.