The story of this market
The typical home in ZIP 41845 sells for about $115,000, or $78 per square foot.
Prices are up +2.4% 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 $750 a month.
ZIP 41845 — Premium
The housing market in 41845 remains slow and stable, characterized by low inventory and limited sales activity. Economic headwinds from the regional transition away from coal continue to suppress price growth and demand, keeping the market in a cautious state.
This ZIP is best suited for long-term residents, retirees, or those seeking affordable rural living who are comfortable with a car-dependent lifestyle and limited local amenities.
Median prices moved up 2.4% year over year.
Homes spend a median of 92 days on market with 6.2 months of supply — a slower-moving market.
8% 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 0.0% · poverty 47.1% — a mixed stability 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 3.4%/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 3.5%/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 41845, 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 the Premium area are significantly lower than the national average, with property crime being the primary concern in the broader Letcher County region.
Schools serving this area are part of the Letcher County Public Schools district, which generally faces challenges related to rural funding and declining enrollment trends.
The area is located in a region with high susceptibility to flash flooding, particularly along creek beds and low-lying areas common in Appalachian topography.
Economic momentum is limited due to the decline of the coal industry, with current development focused on small-scale infrastructure improvements and regional tourism initiatives.
Property taxes are assessed by Letcher County based on fair cash value, with additional levies for school districts and local fire protection services.
Commutes are primarily car-dependent, with residents traveling along KY-7 and KY-15 toward employment hubs in Whitesburg or Hazard.
Recreation is centered on outdoor activities in the surrounding Daniel Boone National Forest, including hiking and fishing, with limited commercial shopping within the immediate ZIP.
The rental market is characterized by low inventory and high demand for affordable housing, with very few multi-family developments present.
The local economy is transitioning away from coal mining toward healthcare, education, and public sector employment in nearby Whitesburg.
Development is largely restricted to small-scale residential renovations and public infrastructure maintenance.
Parcels are subject to Letcher County school taxes and local fire district assessments.
Insurance premiums are rising due to increased flood risk and the high cost of rebuilding in remote, mountainous terrain.
Data retrieved from data.census.gov ZCTA 41845 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.
Provides extensive hiking, hunting, and outdoor recreation access.
Serves as a regional hub for indoor sports and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.