Is Neon, KY 41840 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Neon is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Neon housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Letcher County, KY

Population	1,245
Median income	$58,428
Average income	$57,302
Median home value	$55,100
Median rent	$820/month
Owner-occupied	73% of homes
Median year built	1972

Natural hazard riskWinter storms (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 41840; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 41840

Prefilled for 41840Can I win this house?Multiple-offer likelihood for a listing Prefilled for 41840Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Blackey 41804 — /sq ft Eolia 40826 — /sq ft Hallie 41821 $87 /sq ft Isom 41824 $77 /sq ft Browse all markets →

Towns like Neon nearby

Find towns like Neon in other states →

Vicco, KY41773 · 20 miles away77% similar6 min longer commute · newer homes Oakwood, VA24631 · 40 miles away76% similarlarger · 7 min shorter commute Kimper, KY41539 · 31 miles away75% similar5 min longer commute · more homeowners Evarts, KY40828 · 37 miles away67% similarlarger · more single-family homes

Where Neon is

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Questions about Neon real estate

What are property taxes in Neon?

About 0.96% of a home’s value a year in Letcher County, or roughly $3,840 on a $400,000 home.

Local agents

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More tools for 41840

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Letcher County property taxes Letcher County loan limits Closing costs in Kentucky Hottest ZIP codes in Kentucky

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology