The story of this market
The typical home in ZIP 40977 sells for about $83,700, or $626 per square foot.
Prices are down 28.2% from a year ago, which gives buyers more room to negotiate. Homes take about 105 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $910 a month.
ZIP 40977 — Pineville
The housing market in 40977 is characterized by low price points and limited inventory, with recent data indicating a significant year-over-year decline in median home values. Market activity remains slow, reflecting the broader economic challenges of the region. Figures for active listings and specific price-cut percentages are not published at the ZIP level and are omitted.
This ZIP is best suited for budget-conscious buyers and those seeking a rural lifestyle in the Appalachian foothills, as it offers low entry prices but limited immediate economic growth.
Median prices moved down 28.2% year over year.
Homes spend a median of 105 days on market with 6.2 months of supply — a slower-moving market.
13% of listings have cut prices · homes sell at 94.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 24.5% — a mixed stability profile.
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 0.8%/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 1.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 40977, Bell County KY
Local schools are primarily served by the Bell County School District, with performance metrics generally reflecting the rural economic challenges of the region.
The area faces moderate risks related to flooding and severe weather common to the Appalachian region, with insurance availability influenced by regional hazard profiles.
Economic momentum is limited, with the area primarily supported by traditional local industries and public sector employment.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Kentucky) — Kentucky Ad Valorem Property Tax: 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.
Commuting is primarily car-dependent, with residents often traveling to nearby regional hubs for employment.
The area features access to Pine Mountain State Resort Park and local outdoor recreational opportunities typical of the Cumberland Gap region.
The rental market is characterized by low turnover and affordability, with a significant portion of the stock consisting of single-family homes.
The local economy is driven by public administration, healthcare, and retail services, with limited industrial diversification.
Transportation is heavily reliant on personal vehicles due to the rural geography and lack of public transit infrastructure.
Development activity is minimal, focusing primarily on maintenance and small-scale residential improvements.
The Bell County Property Valuation Administrator manages assessments, typically following a cyclical reassessment schedule.
Parcels are subject to standard county and school district levies, with no major MUD or PID developments reported.
Property insurance premiums are subject to regional risk factors, including potential for storm damage and flood exposure.
Kentucky operates as a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a standard residential property disclosure form detailing the condition of the property.
Data retrieved from US Census Bureau ZCTA 40977 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Features hiking trails, golf, and lodge facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.