In order to study the stress–strain–permeability coefficient relationship of overlying strata in a fractured zone after coal mining, taking the Changcun coal mine in the Changzhi basin as an example, the permeability evolution law of coarse sandstone, fine sandstone, siltstone and mudstone during a stress–strain process was analyzed through a triaxial compression permeability test. The generalized model of the rock mass permeability evolution process under mining stress was summarized, and then a coupling model of the stress–water pressure–permeability coefficient of fractured rock was established based on the continuum model of rock mass. The results showed that the maximum permeability coefficient of different coal overburden types was quite different, and the peak strength of the rock mass preceded the maximum permeability coefficient during the rock mass failure process; the permeability coefficient first decreased and then increased, reaching its maximum value after the peak stress, which occurred during the strain-softening stage; the generalized model of rock mass permeability included the compaction stage, elasticity stage, stable fracture stage, unstable fracture stage, macroscopic failure stage and residual strength stage.