40701, Corbin, KY

The 40701 zip code of Corbin, KY has a median home value of $128,000 and a median home equity value of $101,000. These values are relatively high when compared to other zip codes in Kentucky. The 40701 zip code is also among the top 10% wealthiest zip codes in Kentucky.

One reason for the high home values in the 40701 zip code is likely due to its affluent population. The percentage of households earning over $100,000 is among the highest in Kentucky. Additionally, the percentage of households with at least one college graduate is also high. These factors likely contribute to higher home values and home equity values.

Another factor that may contribute to high home values in the 40701 zip code is low interest rates. Interest rates have been low for many years now, which has helped to increase homeownership and house prices overall. Low interest rates are likely a long-term trend and will not change quickly, so homeowners who are interested in buying or selling their homes should be prepared for a longer wait time than usual.