Middlesboro, KY—40965
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Middlesboro, KY
As of Oct '25, the median home price in Middlesboro, KY is $101,000, with a year-over-year change of -1.4%. This indicates that home prices in Middlesboro, KY are decreasing. According to Zillow, the 1-year price projection is -7.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $101,000 | -1.4% |
| Single Family | $101,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $87,000 | 2.4% |
3 Bed | $147,000 | 5.0% |
4 Bed | $216,000 | 6.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Middlesboro, KY
As of July '25, Rentcast reports the average rent in Middlesboro, KY is $1,480, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Middlesboro, KY is 2-bedrooms: $1,350, 3-bedrooms: $1,600. The most common rental property sizes in Middlesboro, KY are 2-bedroom and 3-bedroom, accounting for 49.2% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,350 | $1,350 |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Middlesboro, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Middlesboro, KY is 95. This is a increase of 48.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $222,000 | 26.0% |
Listing Count | 46 | -6.0% |
| Listings as % of Homes | 0.6% | -6.0% |
Days on Market | 95 | 48.0% |
Demographics — Middlesboro, KY
As of the latest ACS Survey released in 2023, Middlesboro, KY has a population of 11,700, which has decreased by -5.8% over the past 5 years. Middlesboro, KY is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,700 | -5.8% |
% Under 18 | 21.8% | -2.7% |
% Seniors | 18.4% | -8.9% |
% WFH | 3.7% | 19.4% |
% w/ College Degree | 15.3% | 50.0% |
As of the latest ACS Survey released in 2023, Middlesboro, KY is a predominantly white area, with 90.9% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Middlesboro, KY is black, making up 3.4% of the population. Foreign-born residents account for 0.4% of the population in Middlesboro, KY, and this percentage has decreased by 50.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.9% | 0.0% |
% Black | 3.4% | -30.6% |
% Hispanic | 1.1% | -47.6% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 0.4% | -50.0% |
Mortgage and Risk — Middlesboro, KY
According to HUD data as of 2023, there were 127 mortgage originations in Middlesboro, KY, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Middlesboro, KY. Investor activity is low, as 14.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 127 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 14.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Middlesboro, KY
Middlesboro, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 919 |
Total Units Section 8 | 456 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 94.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | -$450 | $1,350 | $900 |
| 3 Bedroom | -$370 | $1,600 | $1,230 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Middlesboro, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $101,000 |
| Median Household Income | $31,000 |