Land Market Insights and Pricing in Magoffin County, Kentucky

Magoffin County, Kentucky, offers a diverse landscape for land buyers, characterized by the Appalachian region's hilly and mountainous terrain. The county's 309 square miles are predominantly land-based, with only 0.2% covered by water. The Licking River forms part of the eastern border, providing attractive properties with water access. Magoffin's varied topography includes higher elevations in the west and lower elevations towards the east, with numerous creeks supporting agriculture in fertile valleys. The county's history in oil and gas production suggests potential for mineral rights opportunities. With a property tax rate of 0.73%, slightly below the national average, Magoffin presents an affordable option for land investment. However, the area faces economic challenges, with a high unemployment rate of 12.4% and a poverty rate of 28.2%. The rugged landscape, while scenic, may pose challenges for infrastructure development, making it ideal for those seeking rural acreage in Kentucky's natural beauty.