40741 — Clay County, Kentucky Market Snapshot
Housing market data for zip code 40741 in Clay County, Kentucky. Updated monthly with median prices, days on market, and more.
Market Sales Data
49 sales in 2026 (year to date)
Median Sale Price
$207,900
Days to Sell
111
Homes Sold
49
Inventory
82
Sale-to-List
94.0%
New Listings
75
Price/SqFt
$122
Pending Sales
73
Within Conforming Limit Estimate
At 5% down, the estimated base loan for the $207,900 median-priced home in 40741 is $197,505. The 2026 conforming limit is $832,750. The limit applies to the loan amount, not the home price. This estimate does not determine loan eligibility, approval, rate, fees, or mortgage insurance.
Market Insights
Market Temperature
The median listing-to-close time for the reported sales in 40741 is 111 days. Use this measure with the sale count, property type, condition, price range, and inventory. It does not predict competition or negotiation results for a specific home.
Sale-to-List Ratio
The reported average sale-to-list ratio in 40741 is 94.0%, or 6.0% below the last list price. This aggregate does not predict negotiation results for a specific home.
Conforming Loan Feasibility
At 5% down, the estimated base loan for the $207,900 median-priced home in 40741 is $197,505. The 2026 conforming limit is $832,750. The limit applies to the loan amount, not the home price. This estimate does not determine loan eligibility, approval, rate, fees, or mortgage insurance.
Loan limits in 40741 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 40741
To purchase the median home at $207,900 with 5% down at the assumed 6.75% rate, the estimated monthly payment is approximately $1,825.
Monthly Payment
$1,825
Income Required
$78,221
Principal & Interest
$1,281/mo
Property Tax
$312/mo
Home Insurance
$150/mo
Estimated PMI
$82/mo
Down Payment (5%)
$10,395
Assumes a 30-year fixed loan at 6.75%, 1.8% property tax, $1,800 annual insurance, and a 28% housing-to-income planning ratio. Planning estimate only. The income figure divides the displayed monthly housing estimate by a 28% housing-to-income ratio. It is not an approval rule. The mortgage insurance estimate uses 0.5% of the loan amount per year. Actual rates, taxes, insurance, mortgage insurance, HOA or condo dues, closing costs, repairs, utilities, other debts, and approval rules can differ. Compare actual terms and your Loan Estimate.
Mortgage Calculator
Estimate your monthly payment for a home in 40741.
Estimated Monthly Payment
$1,437
Estimates only. Actual payments, taxes, insurance, mortgage insurance, rates, and loan terms can differ. This calculator is not a loan offer.
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