ZIP 40351 · Morehead, Kentucky

Population

22,322 people call ZIP 40351 home.

22,322

people.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Rent

Median rent is up 25% since the 2010–2014 survey, before inflation.

$786

a month. Kentucky's median is $967.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

Room to build

Local wages can carry more rent than the median charged today.

$912–$1,368

is the monthly rent range local workforce wages support.

• $786 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

70% of the housing here was built before 2000.

• 70% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.4–1.1% to the 9,374 homes here.

35–104

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 19% less than Kentucky's.

$167,300

median home value in ZIP 40351.

• $167,300 ZIP 40351
• $205,600 Kentucky
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year