Corbin, KY Housing Market
AI-powered market intelligence for the Corbin, KY metro area.
PropertyIQ Scores
Corbin, KY Market Analysis
Market Overview
London, KY posts a PropertyIQ Score of 1 out of 100, placing it at the very weak end of the market strength spectrum. The score is heavily shaped by negative home value momentum: a 12-month change of -6.68% and a 3-month change of -1.50%. Other top score drivers include a median days on market of 70 days and a 29.0% share of listings with a price cut. These indicators suggest a market where homes are moving slowly and sellers are adjusting prices to attract buyers.
The median home value in London is $149,686, well below the state average of $232,577. However, median household income is $46,363, also well below the state average of $63,726, so the lower home prices do not necessarily translate into stronger local purchasing power. Unemployment is 4.7%, matching the state average. The rent index is $1,117, which is higher than the state average of $967. There are 405 homes for sale, and the reported year-over-year change in median home value is $1. Population growth data is not available.
Overall, the 1/100 PropertyIQ Score reflects a weak market relative to state benchmarks. While the median home value is lower than the state average, the negative price momentum, slow selling time, and elevated price-cut share point to soft buyer demand or excess supply for current conditions.
Key Trends
The first trend is negative home value momentum. The 12-month momentum of -6.68% and 3-month momentum of -1.50% indicate that home values have been declining over the past year, with the shorter-term figure still negative. This is the leading drag on the PropertyIQ Score. The reported year-over-year median home value change of $1 is minimal, but the momentum metrics show that price movement has been downward.
A second trend is soft selling conditions. The median days on market is 70 days, and 29.0% of listings have had a price cut. With 405 homes for sale, these figures suggest that inventory is not being absorbed quickly and sellers are competing on price. The price-cut share of nearly three in ten listings reinforces that buyers have room to negotiate.
A third trend is a gap between local and state affordability profiles. London's median home value of $149,686 is lower than the state average of $232,577, but median household income of $46,363 is also lower than the state average of $63,726. The lower home values may help entry-level buyers, but the lower income base limits how much local households can stretch.
A fourth trend is a rent index above the state average. London's rent index of $1,117 exceeds the state average of $967, even though local home values are far lower. That could signal relative rental demand or a limited supply of rental options, but the data provided does not include vacancy or population growth to confirm the cause.
Who Is This Market For
This market may suit buyers who prioritize lower purchase prices over short-term appreciation. With a median home value of $149,686, London is more affordable on a nominal basis than the state average of $232,577. First-time buyers or budget-conscious owner-occupants with stable employment may find entry points here, especially since the unemployment rate of 4.7% matches the state average and suggests a stable labor market.
For investors, the combination of a $149,686 median home value and a $1,117 rent index may be worth examining for long-term cash flow, but the weak PropertyIQ Score of 1/100 and negative home value momentum mean this is not a market for flippers or short-term appreciation plays. The 70-day median days on market and 29.0% price-cut share also mean that investors should expect longer holding periods and conservative resale assumptions.
Move-up buyers and sellers may find this market challenging because slow selling conditions make exiting a current home harder. Those who need to sell before buying could face extended timelines and price concessions. On the other hand, patient buyers may benefit from the elevated share of listings with price cuts.
Outlook
The near-term data points to continued softness in London. The 12-month home value momentum of -6.68% and 3-month momentum of -1.50% show that prices are still under pressure, and a 29.0% share of listings with a price cut suggests sellers are having to adjust to attract offers. With a median days on market of 70 days and 405 homes for sale, the market is not showing rapid absorption. The rent index of $1,117 is above the state average of $967, which could support some rental demand, but the missing population growth data limits longer-term demand visibility. Based on the current numbers, London is likely to remain a weak market until the pace of sales improves or price momentum stabilizes.
AI-generated analysis based on current market data. Last updated September 30, 2026.
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Corbin, KY market data
Corbin, KY Housing Market Overview
Corbin, KY's median home value is $150K, down 6.7% over the past year. Homes here sell in a median 70 days. Its PropertyIQ Score of 1 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
PropertyIQ tracks the Corbin, KY housing market through two complementary lenses: price momentum from Zillow home-value trends over 3 and 12 months, and demand pressure from how quickly homes sell and how often sellers cut prices, drawn from Realtor.com. The PropertyIQ Score distills these into one number that predicts how this KY market is set to perform against its state benchmark.
Southeastern markets benefit from manufacturing investment, logistics infrastructure, and relative affordability compared to national averages. The region's population growth — driven by both domestic migration and natural increase — supports sustained housing demand across metro and suburban areas. Within the Southeast, Corbin, KY's PropertyIQ Score of 1 runs below the Southeast norm.
The PropertyIQ Score for the Corbin, KY market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been negative, with home values down 6.7% over the past year.
View Corbin, KY's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
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Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Corbin, KY a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Corbin, KY currently scores 1, a very weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $150K, down 6.7% over the past year. So whether Corbin, KY is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Corbin, KY?
Corbin, KY's PropertyIQ Score is 1, indicating very weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 1 places Corbin, KY below its state benchmark.
Are home prices in Corbin, KY rising or falling?
Home prices in Corbin, KY are falling. Over the past year, the median home value declined 6.7%, reaching $150K. Over the latest three months, values slipped 1.5%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Corbin, KY's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Corbin, KY?
In Corbin, KY, homes sell in a median of 70 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 29% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Corbin, KY market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.