The story of this market
The typical home in Menifee County, Kentucky sells for about $132,055, or $130 per square foot.
Prices are down 15.47% from a year ago, which gives buyers more room to negotiate. Homes take about 129 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $909 a month.
HUD sets the fair market rent for a 2-bedroom at $909 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Monthly price momentum
Home values since 2015
+4.3%
KY · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,162
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Natural hazard exposure
The area's risk shape
66
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $3,418,088.
Mortgage activity
Home lending in this county
70.3%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 245 | 119 | 70.3% | 9.3% | $95,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Menifee County, Kentucky
The Menifee County housing market is currently experiencing a correction, with median home values declining by over 15% year-over-year. High inventory relative to sales volume and economic headwinds are driving this downward pressure on prices. Despite the decline, the county remains highly affordable compared to national and state averages.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 2 cities · 2 ZIP reports
Median prices moved up 4.8% year over year.
Homes spend a median of 61 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.2% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 19.5% — a mixed stability profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Menifee County, Kentucky — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 17
researched Sep 17
| 40322 | Frenchburg | $185,000 | $115 | +2.5% | 92 | 96% | 12% | 8.5 | 45 | $674 | researched Sep 17 |
| 40387 | Wellington | $289,999 | $164 | +4.8% | 61 | — | — | — | 173 | $1,500 | researched Sep 17 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Public education is provided by the Menifee County School District, which serves the rural student population of the county.
The county is prone to localized flooding in low-lying areas near the Red River and requires standard wildfire vigilance due to its forested terrain.
The county is experiencing increased investment in outdoor recreation and sustainable tourism infrastructure to drive community development.
Property taxes are assessed by the Menifee County Property Valuation Administrator based on fair cash value, with rates set by local taxing districts including the county, school board, and special districts.
The county is a gateway to the Daniel Boone National Forest, offering extensive opportunities for hiking, camping, and water-based recreation.
The rental market is limited, primarily consisting of single-family homes with low vacancy pressure.
The economy is primarily driven by agriculture, forestry, and an emerging tourism sector focused on outdoor recreation.
Transportation is primarily served by state highways, with limited public transit options available.
Development is focused on enhancing tourism-related infrastructure and community facilities.
The Menifee County Property Valuation Administrator is responsible for the annual assessment of all real property at fair cash value.
Parcels are subject to county, school district, and various special taxing district levies.
Property insurance premiums are influenced by the rural nature of the county and exposure to regional weather events.
- Thatcher Barbecue Company4.610.5 mi
- Kentucky Dragway4.716.5 mi
- Mr Gatti's Pizza4.320.8 mi
- Gorge Underground4.812.1 mi
- Red River Gorge Geological Area4.88.3 mi
- Creation Falls4.812 mi
- Hollerwood Offroad Adventure Park4.515.5 mi
- Red River Gorge Ziplines4.915.8 mi
- Sky Bridge Arch4.98.5 mi
- Red River Gorge Earth Shop4.810.5 mi
- Kentucky Folk Art Center4.620.3 mi
- Historic Goddard White Covered Bridge4.829.6 mi
- Bluegrass Heritage Museum4.829.9 mi
- Red River Gorge Geological Area4.88.3 mi
- Creation Falls4.812 mi
- Hollerwood Offroad Adventure Park4.515.5 mi
- Chimney Top Rock Trailhead4.97.6 mi
- Auxier Ridge Trailhead4.98.2 mi
- Scott Creek Marina4.613.4 mi
- Irish Hills Restaurant and Events4.517.1 mi
- Morehead Peddlers Mall4.419.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
Provides vast acreage for hiking, hunting, and fishing, serving as the primary recreational anchor for the region.
A world-renowned destination for rock climbing and scenic hiking that draws significant tourism to the county.
Data retrieved from US Census Bureau QuickFacts and Data USA.
Kentucky is a judicial foreclosure state, requiring a court action to enforce a mortgage or lien. The process involves a court-ordered sale, typically conducted by the master commissioner.
KRS Chapter 426
Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value. A homestead exemption is available for owners aged 65 or older or those who are totally disabled, which exempts a portion of the assessed value from taxation (the specific exemption amount is adjusted biennially based on the cost of living index).
Kentucky Constitution Section 170, 172; KRS 132.190
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.