HousingHandbookReference data

U.S. ZIP Code · KY40359

Owen County

Typical home value

$197,848[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-2.3%
5-year / yr
+4.5%
10-year / yr
+5.7%

Relative price

vs U.S.
-30.4%
vs metro
vs state
+19.1%
ZIP 40359 location in KY
Location of ZIP 40359 in KY

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 40359 is worth $197,848. Over the past year, values have fallen 2.3%. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.7%[3]
Typical annual tax
$1,383[3]

#Climate risk

FEMA National Risk Index ratings for Owen County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Very Low[4]
Riverine flood
Very Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Very Low
Heat wave
Very Low
Hurricane
Very Low
Tornado
Relatively Low
Earthquake
Very Low
Winter weather
Very Low

#Who lives here

Population
6,989[3]
Median household income
$62,542[3]

#Migration

Household moves in and out of Owen County over a year, from IRS tax-return data.

Net migration
-10[5]
Moved in
249
Moved out
259

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
1
Middle
1
High
1
  • Owen County Elementary/Primary School

    Elementary · Grades PK–4 · Owen County

    675 students

  • Owen County High School

    High · Grades 9–12 · Owen County

    558 students

  • Maurice Bowling Middle School

    Middle · Grades 5–8 · Owen County

    454 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 yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$1,000
Loan principal$158,278
Down payment$39,570
Total interest paid$201,875

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.

Own : rent ratio
Monthly cost to own$1,281
Monthly rent

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.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 40359?
The typical home in 40359 is worth $197,848, based on the Zillow Home Value Index.
Are home values rising in 40359?
Home values in 40359 are down 2.3% over the past year, and up 4.5% a year over five years.
What is the property tax rate in 40359?
The effective property tax rate in 40359 is 0.7% — roughly $1,383 a year on a typical home.
Who lives in 40359?
ZIP code 40359 has a population of 6,989 and a median household income of $62,542.

Compare ZIPs

Pit ZIP 40359 against any other ZIP — full side-by-side table.

Compare 40359

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