The story of this market
The typical home in ZIP 40826 sells for about $125,000, or $85 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 40826 — Eolia
The housing market in 40826 remains slow and stable, characterized by low sales volume and limited inventory. Economic transition away from coal continues to impact local income levels, keeping price appreciation modest compared to national trends.
This ZIP is best suited for local residents, retirees, and those seeking affordable rural living who are comfortable with long commutes to regional employment centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 92 days on market with 6.4 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 16.9% · poverty 21.9% — 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.
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 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 40826, Letcher 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 this rural area are generally lower than national averages, though property crime remains the primary concern for local law enforcement.
Schools serving this area are part of the Letcher County Public Schools district, which faces challenges typical of rural Appalachian districts regarding funding and student outcomes.
The area is prone to flash flooding due to mountainous terrain and proximity to creek beds; wildfire risk is moderate during dry seasons.
Economic momentum is limited, with the area historically reliant on coal mining; current development is focused on small-scale infrastructure and community revitalization efforts.
Property taxes are assessed at the county level by the Letcher County Property Valuation Administrator; rates are relatively low compared to urban centers, reflecting the rural tax base.
Commutes are primarily by private vehicle, with long drive times to regional employment hubs in Whitesburg or across the state line into Virginia.
Recreation is centered on outdoor activities including hiking, fishing, and access to the nearby Pine Mountain State Scenic Trail.
The rental market is characterized by low inventory and high demand for affordable housing, with limited new construction and a reliance on older single-family stock.
The local economy is transitioning away from traditional coal extraction, with healthcare and public sector employment serving as the primary economic anchors.
Transportation is entirely dependent on personal vehicles; there is no public transit infrastructure serving this rural ZIP code.
Development is minimal, with most activity limited to residential repairs and small-scale infrastructure maintenance.
The Letcher County PVA office manages assessments, which are generally updated on a multi-year cycle to reflect market value changes.
Parcels are subject to county-wide school district taxes and local fire district assessments.
Property insurance premiums are rising due to increased regional flood risk and the high cost of rebuilding in remote mountainous areas.
Data retrieved from U.S. 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.
A major regional trail system offering extensive hiking and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.