Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 11,495 ↓ 1.2% since 2020 |
| Median Household Income | $33,632 55% below national median |
| Median Home Value | $88,300 |
| Unemployment Rate | 12.4% |
| Median Age | 41.9 years |
| Housing Vacancy Rate | 16.5% |
| Total Land Sales (Past 12 Months) | 9 transactions |
| Active Listings | 20 properties |
| Avg Days on Market | 172 days |
Rural Land Sales (1+ Acres) (Oct 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $1,360 |
| Recent Sales | 8 transactions |
| Avg Days on Market | 154 days |
| Avg Parcel Size | 192.80 acres |
| Active Listings | 19 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Feb 2026 | 8.00 | $25,000 | $3,125 | Salyersville |
| Feb 2026 | 25.00 | $26,500 | $1,060 | Salyersville |
| Dec 2025 | 33.00 | $50,000 | $1,515 | Salyersville |
| Nov 2025 | 7.15 | $70,000 | $9,794 | Salyersville |
| Nov 2025 | 50.00 | $68,000 | $1,360 | Salyersville |
| Oct 2025 | 660.00 | $860,000 | $1,303 | Salyersville |
| Oct 2025 | 660.00 | $860,000 | $1,303 | Salyersville |
Suburban/Urban Land Sales (Under 1 Acre)
| Metric | Value |
|---|---|
| Median Lot Price | $9,600 |
| Recent Sales | 1 transactions |
| Avg Days on Market | 311 days |
| Avg Parcel Size | 0.60 acres |
| Active Listings | 1 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| May 2025 | 0.60 | $9,600 | Salyersville |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 11,495 |
| Population (2020) | 11,637 |
| Population Growth | -1.22% |
| Median Household Income | $33,632 |
| Median Home Value | $88,300 |
| Total Housing Units | 5,466 |
| Vacant Housing Units | 902 |
| Housing Vacancy Rate | 16.5% |
| Median Age | 41.9 |
| Bachelor's Degree or Higher | 367 (3.2%) |
| Unemployment Rate | 12.4% |
Market Overview
Magoffin County, Kentucky has a population of 11,495, which has declined 1.22% since 2020. The median household income is $33,632, below the national median of $74,580 by 54.9%. The housing vacancy rate of 16.5% suggests soft market conditions. Magoffin County remains a key area for land acquisition in Kentucky. Recent rural land sales show a median price of $1,360 per acre, with properties averaging 192.80 acres. There are currently 20 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Magoffin County, Kentucky?
As of the 2023 American Community Survey, Magoffin County has a population of 11,495. The county has declined 1.22% since the 2020 Census.
What is the median household income in Magoffin County?
The median household income in Magoffin County is $33,632, which is 54.9% below the national median of $74,580.
Is Magoffin County growing or shrinking?
Magoffin County is shrinking. The population has declined 1.22% since 2020.
What is the housing market like in Magoffin County?
The median home value in Magoffin County is $88,300. The housing vacancy rate is 16.5%, which suggests soft market conditions. The unemployment rate is 12.4%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $1,360 per acre. Suburban/urban lots under 1 acre have a median lot price of $9,600.
Does Reelvest buy land in Magoffin County, Kentucky?
Yes! Reelvest Properties buys vacant land throughout Kentucky, including Magoffin County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.