Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$58,973−16.5% YoY · prices are falling fast
Market right nowBuyer's marketMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$12,784About 0.3× the local median income ($44,339): affordable for a typical household
Days on market54 daysSlower than a year ago: buyers have time to negotiate
The typical home in Letcher County, KY is worth $58,973, down 16.5% from a year ago. That is well below what local incomes have historically supported: fair value is about $99,923, so the area is 41.0% undervalued. It is a buyer's market: homes take about 54 days to sell, listings are up 62% from a year ago, 23% of listings have had a price cut. A household needs about $12,784 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $44,339. In the latest IRS figures, 151 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$58,973
Change in 1 year
−16.5%
Overvalued %
−41.0%
Show 6 more
Fair home value
$99,923
Change in 5 years
−29.0%
Home value to income
1.3×
Monthly mortgage payment (20% down)
$320
Income needed to afford it
$12,784
Property tax rate
0.96%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$909
Market activity
Listings vs a year ago
+62.5%
Days on market
54
Listings with a price cut
22.9%
Show 3 more
Homes for sale
26
Pending sales per 100 listings
19
Asking price per sq ft
$109
People and jobs
Median household income
$44,339
Population change (1 year)
−1.3%
Unemployment rate
6.2%
Show 4 more
Population
19,952
Income adjusted for cost of living
$51,980
Net moves in (IRS)
−151
Cost of living (US = 100)
85.3
Schools, risk and environment
School rating (1 to 10)
4.9
FEMA hazard risk score (0 to 100)
66.6
Flood risk score
83.1
Show 3 more
Wildfire risk score
76.5
Walkability (1 to 20)
4.1
Road, rail and air noise
54 dB
Questions people ask
Is Letcher County, KY overvalued?
Home prices in Letcher County, KY are well below what local incomes have historically supported: fair value is about $99,923, so the area is 41.0% undervalued.
Is Letcher County, KY a buyer's or seller's market?
Letcher County, KY is a buyer's market: homes take about 54 days to sell, listings are up 62% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Letcher County, KY?
Home values in Letcher County, KY are down 16.5% over the last year.
How much do you need to earn to buy a home in Letcher County, KY?
A household needs about $12,784 a year to afford the typical home in Letcher County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $44,339.