The story of this market
The typical home in ZIP 40854 sells for about $145,000, or $98 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 72 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $688 a month.
ZIP 40854 — Loyall
The housing market in ZIP 40854 remains stable with low inventory and modest price appreciation driven by local demand. Limited new construction and a reliance on older housing stock keep the market quiet, with affordability remaining the primary driver for local buyers.
This area is best suited for local families and retirees seeking an affordable, quiet rural lifestyle, though it offers limited appeal for commuters or investors looking for high-growth urban amenities.
Median prices moved up 2.4% year over year.
Homes spend a median of 72 days on market with 6.8 months of supply — a balanced-paced market.
18% 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 9.0% · poverty 29.8% — 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 4.8%/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 3.0%/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 40854, 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 Appalachian area are generally lower than national urban averages, though property crime remains the primary concern for local law enforcement.
Schools in this district are characterized by limited resources and smaller class sizes, with performance metrics often trailing state averages.
The area faces moderate risks from seasonal flooding in low-lying valley regions and occasional severe wind events, with insurance premiums reflecting these regional environmental factors.
Economic momentum is modest, primarily driven by local government, healthcare, and legacy industries, with limited new large-scale commercial development.
Property taxes are assessed at the county level with a standard homestead exemption available for primary residences; there are no municipal income taxes in this jurisdiction.
Commutes are primarily car-dependent, involving travel on winding state routes to reach regional employment hubs in larger neighboring towns.
Recreation is centered on outdoor activities, including access to nearby national forest lands, hiking trails, and local community parks.
The rental market is tight with limited inventory, primarily consisting of older single-family homes and small multi-family units with stable, long-term occupancy.
The local economy is heavily reliant on public sector employment, healthcare services, and small-scale retail, with a historical dependence on regional resource extraction.
Public transit is virtually non-existent; residents rely entirely on personal vehicles for transportation.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP code.
The county appraisal district conducts periodic reassessments to align property values with market trends, though rural property turnover is infrequent.
Parcels are subject to standard county and school district tax levies, with no significant MUD or PID special assessment districts identified.
Property insurance availability is stable, though premiums are influenced by the area's topography and distance from emergency services.
Data retrieved from data.census.gov ZCTA 40854 profile.
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.
- Wilderness Road State Park4.818 mi
- Village Center Mall3.83.3 mi
- Woodland Plaza4.12.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local green space and community gathering areas.
Extensive hiking access through the surrounding mountainous terrain.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.