Hardy, KY 41531 housing market

What this means

• Valuation. Prices are 47% below this area's pre-2020 price-to-income norm, cheaper relative to incomes than before the pandemic.
• Prices. Home values are down 13.0% over the past year (U.S.: +1.2%), 29% below their 2022-23 peak.
• Supply. Listings are 100% below the 2017-19 norm and falling (−100% vs. a year ago): still a tight market.
• Negotiating. Buyer leverage is moderate (56/100; U.S.: 54): homes sell for about 8.6% below their final list price; 0% of listings had a price cut (U.S.: 26%) (as of Jul 2026).
• Affordability. A mortgage on the typical home takes 11% 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 $1,387 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $436 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 (56% 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 +0.8%), chance of a rise 56%, of a 5%+ drop 19%.

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 Pike County, KY