U.S. ZIP Code · KY40351
Rowan County
Appreciation
- 1-year
- -0.9%
- 5-year / yr
- +6.8%
- 10-year / yr
- +6.0%
Relative price
- vs U.S.
- -33.7%
- vs metro
- —
- vs state
- +13.3%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 40351 is worth $188,301. Over the past year, values have fallen 0.9%. Homes here rent for a typical $1,154 a month — a 7.4% gross rental yield. The effective property tax rate is 0.6%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Rowan County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively Low[4]
- Riverine flood
- Relatively Low
- Coastal flood
- Not Applicable
- Wildfire
- Very Low
- Drought
- Very Low
- Heat wave
- Relatively Low
- Hurricane
- Very Low
- Tornado
- Relatively Low
- Earthquake
- Very Low
- Winter weather
- Relatively Moderate
#Who lives here
#Migration
Household moves in and out of Rowan County over a year, from IRS tax-return data.
- Net migration
- +11[5]
- Moved in
- 680
- Moved out
- 669
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 9
- Elementary
- 3
- Middle
- 2
- High
- 3
Rowan County Senior High School
High · Grades 9–12 · Rowan County
1,019 students
Rowan County Middle School
Middle · Grades 6–8 · Rowan County
677 students
McBrayer Elementary School
Elementary · Grades K–5 · Rowan County
583 students
Rodburn Elementary School
Elementary · Grades K–5 · Rowan County
397 students
Tilden Hogge Elementary School
Elementary · Grades K–5 · Rowan County
222 students
Run the numbers
Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.
Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.
Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.
Owning and renting are roughly even.
This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.
#Metro ranking
Where this ZIP sits among others in its metro area.
Frequently asked
- How much is a home worth in ZIP code 40351?
- The typical home in 40351 is worth $188,301, based on the Zillow Home Value Index.
- Are home values rising in 40351?
- Home values in 40351 are down 0.9% over the past year, and up 6.8% a year over five years.
- What is the typical rent in 40351?
- A typical home in 40351 rents for about $1,154 a month, a gross rental yield of 7.4%.
- What is the property tax rate in 40351?
- The effective property tax rate in 40351 is 0.6% — roughly $1,044 a year on a typical home.
- Who lives in 40351?
- ZIP code 40351 has a population of 22,322 and a median household income of $51,835.
Compare ZIPs
Pit ZIP 40351 against any other ZIP — full side-by-side table.
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