40962 — Clay County, Kentucky Market Snapshot
Housing market data for zip code 40962 in Clay County, Kentucky. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$119,000
Days to Sell
190
Homes Sold
12
Inventory
19
Sale-to-List
89.6%
New Listings
14
Price/SqFt
$86
Pending Sales
15
Conforming Loan Available
Most homebuyers in 40962 can comfortably use conventional financing. The median home price of $119,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 190 days on average, 40962 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 40962 sells for 10.4% below asking price (89.6% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 40962 can comfortably use conventional financing. The median home price of $119,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 40962 are set at the county level.
2026 Loan Limits — Clay County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 40962
To purchase the median home at $119,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,062.
Monthly Payment
$1,062
Income Required
$45,503
Principal & Interest
$733/mo
Down Payment (5%)
$5,950
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 40962.
Estimated Monthly Payment
$886
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