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Market Snapshot

Median listing price
$178K

The median listing price in Waynesburg, KY ZIP 40489 is $177,500 as of June 2026.

Median rent
$1,100/mo

The median market rent in Waynesburg, KY ZIP 40489 is $1,100/month as of June 2026.

Days on market
478 days

The median days on market in Waynesburg, KY ZIP 40489 is 478 days as of June 2026. The market is currently neutral.

Gross rental yield
7.44%

At a median list price of $177,500 and a median rent of $1,100/month, the gross rental yield in Waynesburg, KY ZIP 40489 is 7.44% as of June 2026.

Waynesburg, KY 40489 Real Estate Market Report

ZIP Code: 40489

Report Date: June 2026

Market Temperature:
NEUTRAL

Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
12 Months
Total Properties Analyzed
4
Active Listings
2
Sold Properties
2

Market Metrics

Median Listing Price
$177,500
Median Sold Price
$109,897
Median Price per Sqft
$104/sqft

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$1,100

Property Taxes

Property Tax Rate
0.60%

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Liquidity metrics unavailable due to insufficient data quality.


Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
elevated

Key Findings

  1. median sold price is the primary indicator of market value and recent transaction activity; however, a current median sold price is not included in the provided metrics, which may reflect limited recent transaction data in the sample or reporting lags—use recent closed sales when available to set valuation targets. neutral
  2. Local pricing momentum shows prices are up year-over-year, indicating modest appreciation; combine this with the market temperature being neutral to price listings competitively rather than pushing above-market asking strategies. up
  3. Liquidity appears supported by a relatively constrained active supply in the analyzed sample, which may sustain achieved sale prices and reduce time-to-contract; nonetheless, elevated interest rate pressure suggests buyers will be more rate-sensitive and may require flexible financing contingency planning. balanced
  4. Rental market signals show the median market rent is 1,100 and rents are trending up, which supports investor interest where cash-flow objectives match local market rents, but elevated interest rate pressure should be factored into underwriting and cap-rate expectations. elevated interest rate pressure

Notable Properties

The following 2 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

3017 Ky Highway 1781, Waynesburg, KY 40489
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

- beds- baths1,709 sqft
$115,000
Oct 1, 2025
$67/sqft/sqft
11295 Ky Highway 1247, Waynesburg, KY 40489
Value

Sold below market average

3 beds2 baths1,736 sqft
$85,150
Sep 1, 2025
$49/sqft/sqft

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

$457/mo
40489 Avg Rent
40489 Cost to Own
Rent$1,100
Own$643

20% down, 6.50% rate, 0.6% tax

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

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