The story of this market
The typical home in ZIP 41824 sells for about $143,200, or $72 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $750 a month.
ZIP 41824 — Isom
The housing market in 41824 remains slow with very low inventory and limited sales activity. Prices have seen modest growth, but the area's economic challenges and rural location continue to constrain market velocity.
This ZIP is best suited for local residents, retirees, or those seeking affordable, rural living in the Appalachian region.
Median prices moved up 2.1% year over year.
Homes spend a median of 87 days on market with 6.5 months of supply — a balanced-paced market.
5% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 23.4% — a stable, low-distress 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 2.5%/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 2.0%/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 41824, 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.
Schools in the region are primarily served by the Letcher County Public Schools district, which faces challenges typical of rural Appalachian districts.
The area is subject to significant flood risk due to its mountainous terrain and proximity to local waterways, with insurance premiums reflecting these environmental hazards.
Economic momentum is limited, with the area historically reliant on coal-related industries and currently seeking diversification through small-scale local development.
Property taxes are assessed at the county level by Letcher County, with rates determined by state-mandated formulas and local school district levies.
Commuting is primarily car-dependent, with residents traveling to nearby employment hubs in Whitesburg or Hazard via state highways.
The area offers access to rugged outdoor recreation, including hiking and fishing in the surrounding Appalachian mountains and forests.
The rental market is characterized by low inventory and limited turnover, with most units being single-family homes.
The local economy is transitioning away from traditional coal mining, with healthcare and public services serving as primary employment sectors.
Transportation infrastructure is limited to rural highway networks with no public transit options.
Development is primarily focused on small-scale residential improvements and flood-mitigation infrastructure.
The Letcher County Property Valuation Administrator (PVA) manages assessments based on fair cash value.
Parcels are subject to Letcher County school district taxes and local utility district assessments.
Property insurance costs are elevated due to regional flood and wildfire risks.
The state experiences net domestic out-migration, particularly from rural eastern counties.
Kentucky is a judicial foreclosure state requiring court intervention for property repossession.
Sellers are required to provide a standard residential property disclosure form detailing known material defects.
Data retrieved from 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.
Local outdoor recreation space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.