Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$115,980−21.3% YoY · prices are falling fast
Market right nowBuyer's marketFewer homes for sale than last year, 21% have cut their price
Income needed to buy, per year$25,142About 0.6× the local median income ($43,039): affordable for a typical household
Days on market55 daysFaster than a year ago: sellers have the edge
The typical home in Magoffin County, KY is worth $115,980, down 21.3% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $127,610, so the area is 9.1% undervalued. It is a buyer's market: homes take about 55 days to sell, listings are down 15% from a year ago, 21% of listings have had a price cut. A household needs about $25,142 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 $43,039. In the latest IRS figures, 17 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
$115,980
Change in 1 year
−21.3%
Overvalued %
−9.1%
Show 6 more
Fair home value
$127,610
Change in 5 years
+17.2%
Home value to income
2.7×
Monthly mortgage payment (20% down)
$629
Income needed to afford it
$25,142
Property tax rate
0.78%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$909
Market activity
Listings vs a year ago
−15.0%
Days on market
55
Listings with a price cut
21.1%
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Homes for sale
17
Pending sales per 100 listings
12
Asking price per sq ft
$116
People and jobs
Median household income
$43,039
Population change (1 year)
−0.5%
Unemployment rate
9.0%
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Population
11,110
Income adjusted for cost of living
$50,456
Net moves in (IRS)
−17
Cost of living (US = 100)
85.3
Schools, risk and environment
School rating (1 to 10)
3.0
FEMA hazard risk score (0 to 100)
35.0
Flood risk score
60.5
Show 3 more
Wildfire risk score
82.1
Walkability (1 to 20)
3.9
Road, rail and air noise
54 dB
Questions people ask
Is Magoffin County, KY overvalued?
Home prices in Magoffin County, KY are slightly below what local incomes have historically supported: fair value is about $127,610, so the area is 9.1% undervalued.
Is Magoffin County, KY a buyer's or seller's market?
Magoffin County, KY is a buyer's market: homes take about 55 days to sell, listings are down 15% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Magoffin County, KY?
Home values in Magoffin County, KY are down 21.3% over the last year.
How much do you need to earn to buy a home in Magoffin County, KY?
A household needs about $25,142 a year to afford the typical home in Magoffin County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $43,039.