Counties / Kentucky / Floyd County

Floyd County, KY

FIPS 21071 · population 35,224 · outside every metro area

$88k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$88k
▼ 23.6% year over year
Zillow ZHVI · direct
ACS median gross rent
$672
occupied-unit survey; not current asking rent
Census ACS · surveyed
Gross yield
n/a
gross yield cannot be computed without measured market rent
requires both measured price and measured rent
HUD 2-bed standard
$904
the Section 8 payment standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+27.3%not annualized · through 2025
0%ZILLOW ZHVI2026-06−23.6%FHFA HPI2025−1.1%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$99k
Surveyed gross rent$672
Rent burden 30%+43.5%
Median year built1982
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
16.0%vacant
17,505estimated housing units
Occupied tenure27.8% renter
owner 72.2%renter 27.8%
Structure mix57.6% single-family
Single-family 57.6%20+ units 1.0%Mobile home 31.7%Other 9.7%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs11,094▼ 0.6% from the prior annual release
Covered establishments1,175annual average reporting locations
Average weekly wage$945▲ 3.6% from the prior annual release
Largest private supersectorEducation and health services36.1% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−0.6%WEEKLY WAGE+3.6%Education and health services36.1%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Floyd County’s decision tension is a $87,762 Zillow county median home value in 2026-06 that was down 23.62% year over year, against FHFA’s 2025 annual repeat-transaction HPI decline of 1.15%; its longer supplied HPI measure rose. These are distinct methods and vintages, not a blended appreciation rate. Underwriters needing dependable resale support should investigate the gap; renovation-dependent assumptions warrant caution.

02Housing economics

No market rent is published, so gross yield cannot be computed. HUD’s two-bedroom FMR of $904 per month is a payment standard, not an asking-rent estimate, and cannot fill that gap. The supplied effective property-tax rate is 0.76%; the reported median tax does not substitute for parcel tax, insurance and maintenance. In the same source-month, Realtor.com’s MLS listing market showed higher active listings and a higher median asking price year over year. Median marketing time was 64 days and had shortened, while 21.11% of listings had price reductions and pending listings equaled 29.01% of active stock. These are visible supply, seller-concession and inventory-flow evidence, not closed-sale prices or proof of buyer demand.

03Demand & competition

Annual QCEW covered employment at county workplaces fell while the average weekly wage for covered workers rose; it is neither resident employment nor unemployment. Education and health services, the largest disclosed private supersector, is not the whole economy. Tax-return migration was net negative by 123 households, and incoming movers’ average income was $7,480 below outgoing movers’. Investor purchase mortgages were 5.91% of 203 purchases: a measured non-owner mortgage presence, not a count of cash investors or all buyer competition.

04Risk & next checks

Modeled climate loss is 0.74% of building value per year, with inland flood the dominant hazard; it is not a property-specific flood outcome. Missing executed rents prevents a yield conclusion, missing closed sales prevents an exit-price conclusion, and missing vacancy, repair, insurance, flood-zone and property-condition evidence prevents a full carrying-cost and loss-exposure conclusion. Next checks are leases and comparable rents, recorded sales and concessions, plus parcel tax, flood, insurance and condition records.

Cities & communities

Where people live within Floyd County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Prestonsburg city3.8KWheelwright city964McDowell CDP718Auxier CDP651Betsy Layne CDP557Martin city494Wayland city316Dwale CDP170
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

10 Census places

Population
  1. 01
    Prestonsburg cityIncorporated place
    3,765
  2. 02
    Wheelwright cityIncorporated place
    964
  3. 03
    McDowell CDPCensus-designated place
    718
  4. 04
    Auxier CDPCensus-designated place
    651
  5. 05
    Betsy Layne CDPCensus-designated place
    557
  6. 06
    Martin cityIncorporated place
    494
  7. 07
    Wayland cityIncorporated place
    316
  8. 08
    Dwale CDPCensus-designated place
    170
  9. 09
    Allen cityIncorporated place
    157
  10. 10
    Maytown CDPCensus-designated place
    11

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.742% of building value expected lost per year

Effective property tax0.76%

$748 median annual bill

02
DemandIRS SOI household flows
Net migration-123

511 in · 634 out

Arriving vs leaving income−$7,480

$36,342 arriving · $43,822 leaving

03
CompetitionHMDA financed purchases
Purchases by investors5.9%

12 of 203 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings66▲ 29.7% year over year
Median days on market64▼ 25.7% year over year
Listings price-reduced21.1%seller-concession signal
Median listing pricen/a▲ 17.9% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

No rent index is published for this county.Zillow’s county rent series does not cover every county, and estimating one from a neighbouring county would be a guess wearing a number’s clothes. Everything above is measured here; no wider market is mapped for it either.
Bear case

What can break the county thesis

  1. County-level value and HPI measures may not reflect the subject property’s condition, location or comparable-sale set.
  2. Unpublished market rent, vacancy, repairs and insurance costs could materially alter carrying economics.
  3. MLS listings and mortgage-based investor data omit closed-sale dynamics, cash buyers and parcel-specific flood exposure.
Underwriting questions

Before pricing a property

Can gross yield be calculated from this record?

No. Market rent is not published, and HUD Fair Market Rent is a payment standard rather than a market-rent estimate.

What does the FHFA measure represent?

It is a repeat-transaction house-price index, not a dollar home value or a direct estimate of the Zillow measure.

What does QCEW employment represent?

It is annual covered employment at workplaces in the county, not resident employment, unemployment or a forecast.