The story of this market
The typical home in ZIP 40322 sells for about $185,000, or $115 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $674 a month.
ZIP 40322 — Frenchburg
The housing market in 40322 is characterized by low volume and stable, affordable pricing typical of a rural Kentucky community. Market activity remains slow with limited inventory, reflecting a lack of significant new development or economic shifts in the immediate area.
This ZIP is best suited for retirees, outdoor enthusiasts, and those seeking an affordable, quiet rural lifestyle, as it lacks the amenities and employment density of larger urban centers.
Median prices moved up 2.5% year over year.
Homes spend a median of 92 days on market with 8.5 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 12.4% · poverty 21.6% — elevated distress and economic pressure.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 40322, Menifee County KY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Menifee County School District, which provides local public education for the rural community.
The region is subject to standard regional weather risks including seasonal storms and potential flooding in low-lying areas near the Daniel Boone National Forest.
Economic momentum is limited, with the local economy primarily driven by small-scale retail, government services, and proximity to regional outdoor recreation hubs.
Property taxes are assessed at the county level by Menifee County, with rates determined by state-mandated formulas and local school district levies.
Commuting is primarily car-dependent, with residents traveling via U.S. Route 460 toward regional employment centers in Morehead or Mount Sterling.
The area is a gateway to the Daniel Boone National Forest, offering extensive access to hiking, fishing, and outdoor recreation, with limited local shopping and dining options.
The rental market is characterized by low inventory and limited turnover, with demand primarily driven by local workers and those seeking affordable rural housing.
The local economy is largely rural and agricultural, with employment concentrated in local government, education, and small-scale service industries.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure available in this rural county.
There are no major commercial or residential developments currently under construction in the immediate ZIP code area.
The Menifee County Property Valuation Administrator (PVA) manages assessments, which are updated periodically based on state guidelines.
Parcels are subject to Menifee County school taxes and local fire district assessments.
Property insurance premiums are influenced by the rural nature of the area and proximity to forest land, which may impact wildfire risk ratings.
Kentucky is a judicial foreclosure state, requiring court action to complete the foreclosure process.
Kentucky law requires sellers to provide a residential property disclosure form, though certain exemptions apply for specific types of transfers.
Data retrieved from US Census Bureau ZCTA-level tables.
- Thatcher Barbecue Company4.68.9 mi
- Kentucky Dragway4.715 mi
- Gorge Underground4.810.6 mi
- Red River Gorge Geological Area4.87.1 mi
- Creation Falls4.811.2 mi
- Broke Leg Falls4.69.2 mi
- Kentucky Reptile Zoo4.78.7 mi
- Sky Bridge Arch4.97.8 mi
- Red River Gorge Earth Shop4.88.8 mi
- Red River Gorge Geological Area4.87.1 mi
- Creation Falls4.811.2 mi
- Chimney Top Rock Trailhead4.96.5 mi
- Auxier Ridge Trailhead4.96.6 mi
- Rock Bridge Hike Trail Head4.811 mi
- Scott Creek Marina4.615.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides vast acreage for hiking, camping, and outdoor recreation.
Local community space for outdoor gatherings and recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.