Corbin, KY—40701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Corbin, KY
As of Oct '25, the median home price in Corbin, KY is $174,000, with a year-over-year change of 4.1%. This indicates that home prices in Corbin, KY are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $174,000 | 4.1% |
| Single Family | $174,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $104,000 | 1.0% |
2 Bed | $122,000 | -1.6% |
3 Bed | $201,000 | 4.7% |
4 Bed | $264,000 | 5.2% |
| 5 Bed | $325,000 | 4.5% |
% of Housing Stock
Rental Trends — Corbin, KY
As of July '25, Rentcast reports the average rent in Corbin, KY is $1,160, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Corbin, KY is 1-bedrooms: $667, 2-bedrooms: $1,060, 3-bedrooms: $1,270, 4-bedrooms: $1,650. The most common rental property sizes in Corbin, KY are 2-bedroom and 3-bedroom, accounting for 44.1% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $675 | $667 |
| 2 Bed Rent | $1,050 | $1,060 |
| 3 Bed Rent | $1,250 | $1,270 |
| 4 Bed Rent | $1,700 | $1,650 |
% of Rental Stock
Property Listings — Corbin, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Corbin, KY is 80. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $269,000 | 3.0% |
Listing Count | 125 | 22.0% |
| Listings as % of Homes | 0.6% | 22.0% |
Days on Market | 80 | 22.0% |
Demographics — Corbin, KY
As of the latest ACS Survey released in 2023, Corbin, KY has a population of 29,800, which has decreased by -1.8% over the past 5 years. Corbin, KY is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,800 | -1.8% |
% Under 18 | 22.4% | -11.8% |
% Seniors | 20.6% | 14.4% |
% WFH | 7.5% | 127.3% |
% w/ College Degree | 21.0% | 18.0% |
As of the latest ACS Survey released in 2023, Corbin, KY is a predominantly white area, with 95.3% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Corbin, KY is hispanic, making up 1.2% of the population. Foreign-born residents account for 0.9% of the population in Corbin, KY, and this percentage has increased by 28.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.3% | -2.1% |
% Black | 0.5% | ∞% |
% Hispanic | 1.2% | -7.7% |
% Asian | 0.1% | -66.7% |
% Foreign Born | 0.9% | 28.6% |
Mortgage and Risk — Corbin, KY
According to HUD data as of 2023, there were 476 mortgage originations in Corbin, KY, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Corbin, KY. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 476 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Corbin, KY
Corbin, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 998 |
Total Units Section 8 | 828 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $15 | $675 | $690 |
| 2 Bedroom | -$150 | $1,050 | $900 |
| 3 Bedroom | -$150 | $1,250 | $1,100 |
| 4 Bedroom | -$400 | $1,700 | $1,300 |
Affordability — Corbin, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $174,000 |
| Median Household Income | $47,300 |