Preforeclosure Homes in Corbin, KY

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View this home at Virginia Ave Corbin KY 40701
$306,807 EMV
Virginia Ave
Corbin, KY 40701
2 |
EST. RENT: $1,121
AUCTION: 04-15-2024
2 |
View this home at Roosevelt St Corbin KY 40701
$208,041 EMV
Roosevelt St
Corbin, KY 40701
3 |
EST. RENT: $1,390
AUCTION: 04-15-2024
3 |
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Home Value Estimator For Corbin, KY

There are currently 10,379 real estate properties in Corbin, KY, with a median automated valuation model (AVM) price of $129,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Corbin, KY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Corbin, KY, is $156,667.00, with the most expensive house in Corbin, KY, topping out at $3,232,268.00 and the cheapest home in Corbin, KY, clocking in at $9,662.00. In other words, there’s something for every potential homebuyer or savvy investor in Corbin, KY!

Rent Prices In Corbin, KY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Corbin, KY, is on a rollercoaster ride. The average rent price in Corbin, KY, is $912.00. Indeed, when looking to rent in Corbin, KY, you can expect to pay as little as $390.00 or as much as $2,440.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Corbin, KY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Corbin, KY In 2024

Corbin is located in Whitley, Kentucky, with an estimated municipal population of 7,202 residents. All of the best foreclosed homes for sale in Corbin are located in the following zip code areas on 40701 40702. The estimated population per square kilometer (.62 miles) in Corbin is 352.

Cost Of Living In Corbin, KY

So, about how much do homes cost in Corbin? The most recent median value of resident-owned homes in Corbin is 105,280. An estimated 58.6 percent of households in Corbin own their homes, with an average family size of 3.2. The median household income in Corbin is 40,119, with15.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Corbin, the median commute time of resident workers (in minutes) is 17.8. And last, but certainly not least, are you looking for homes to rent in Corbin? If so, the average rent price paid by renters in Corbin is 627, according to recent statistics.

Diversity And Demographics In Corbin, Kentucky

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Corbin, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Corbin is 37.6, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Corbin is 47.3, with an average family size of 3.2.

The percentage of residents who report their race in Corbin is as follows:

White 96%
Black / African American 0.2%
Asian 0%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.3%
Other 1.1%

Looking for family-friendly neighborhoods in and/or near Corbin? Or maybe you are searching for 55+ active adult communities in and/or near Corbin?

The percentage of residents who report their age in Corbin is as follows:

Under 10 13.5%
Aged 10-19 14.4%
20s 10.5%
30s 14.3%
40s 11.3%
50s 10.6%
60s 10.2%
70s 8.7%
80+ 6.5%

Best Schools In Corbin, Kentucky

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Corbin with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Corbin.

Pros And Cons Of Living In Corbin, Kentucky

How do you know that living in -- or moving to -- Corbin is right where you need to be? Perhaps you grew up in Corbin or already live nearby; therefore, the decision to buy a home in Corbin is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Corbin for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Corbin:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Corbin.

Reasons To Move To Corbin, Kentucky, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Corbin can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Corbin, meanwhile, can field multiple offers from more qualified buyers.

Corbin, KY Preforeclosure Homes


Listing types in Corbin, KY

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