Baxter, KY 40865 housing market

What this means

• Valuation. Prices are 9% below this area's pre-2020 price-to-income norm, cheaper relative to incomes than before the pandemic.
• Prices. Home values are down 8.0% over the past year (U.S.: +1.2%).
• Supply. Listings are 25% below the 2017-19 norm: still a tight market.
• Negotiating. Buyer leverage is moderate (52/100; U.S.: 54) (as of Apr 2026): homes sell for about 6.5% below their final list price (as of Aug 2025); 0% of listings had a price cut (U.S.: 26%) (as of Apr 2026).
• Affordability. A mortgage on the typical home takes 13% of the median household income (U.S.: 35%); it takes about $24k a year to keep the payment at 30% of gross pay. That includes about $1,261 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $316 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding. Flood isn't covered by standard homeowners insurance.
• Outlook. No clear direction: likely −8% to +8% over the next 12 months (57% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −8.4% to +7.9% (80% range; middle estimate +0.9%), chance of a rise 57%, of a 5%+ drop 18%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

Other ZIP codes in Harlan County, KY