ZIP Code Market Report
40312 — Clay City, KY
Data through February 2026 · Updated monthly
Avg Home Value
$138,203
▼ 19.8% year-over-year
Month-over-Month
-0.8%
▼ 0.8%
Single Family
$139,253
Condo / Co-op
--
The average home value in the 40312 ZIP code (Clay City, KENTUCKY) is $138,203 as of February 2026. Home prices are declining, down 19.8% compared to last year.
A 3-bedroom home in 40312 is valued at $165,256.
The market in 40312 has a $171,397 spread between bottom-tier homes at $70,347 and top-tier homes at $241,744. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Powell County market area in KENTUCKY. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Powell County report.
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Market Snapshot
40312 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $145,817 | $139,363 | $138,203 | ▼ 5.2% |
| Single Family Value | $144,167 | $141,336 | $139,253 | ▼ 3.4% |
Home Values
40312 Home Value Trend
Historical home values for ZIP code 40312. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 40312
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $118,179 |
| 3 Bedrooms | $165,256 |
| 4 Bedrooms | $241,236 |
Property Types
Home Values by Property Type in 40312
How different property types compare in this ZIP code.
All Homes
$138,203
Single Family
$139,253
Bottom Tier
$70,347
Top Tier
$241,744
Data Sources and Methodology
Home value data for ZIP code 40312 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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