HousingHandbookReference data

U.S. ZIP Code · KY40422

Boyle County

Typical home value

$249,087[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.5%
5-year / yr
+7.2%
10-year / yr
+7.2%

Relative price

vs U.S.
-12.3%
vs metro
vs state
+49.9%
ZIP 40422 location in KY
Location of ZIP 40422 in KY

Price history

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

The typical home in 40422 is worth $249,087. Over the past year, values have risen 2.5%. Homes here rent for a typical $1,313 a month — a 6.3% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent
$1,313[2]
Gross yield
6.3%[2]
Cap rate
3.8%[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$1,981[3]

#Climate risk

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

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

#Who lives here

Population
25,950[3]
Median household income
$59,615[3]

#Migration

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

Net migration
+16[5]
Moved in
872
Moved out
856

Schools

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

Public schools
11
Elementary
3
Middle
2
High
4
  • Boyle County High School

    High · Grades 9–12 · Boyle County

    887 students

  • Woodlawn Elementary School

    Elementary · Grades PK–5 · Boyle County

    667 students

  • Boyle County Middle School

    Middle · Grades 6–8 · Boyle County

    645 students

  • Edna L. Toliver Intermediate School

    Elementary · Grades 2–5 · Danville Independent

    508 students

  • Danville High School

    High · Grades 9–12 · Danville Independent

    497 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 yield6.3%
Net yield (after ~40% expenses)3.8%
Annual rent$15,760

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$1,260
Loan principal$199,269
Down payment$49,817
Total interest paid$254,157

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 ratio1.24
Monthly cost to own$1,633
Monthly rent$1,313

Renting is meaningfully cheaper month-to-month.

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 40422?
The typical home in 40422 is worth $249,087, based on the Zillow Home Value Index.
Are home values rising in 40422?
Home values in 40422 are up 2.5% over the past year, and up 7.2% a year over five years.
What is the typical rent in 40422?
A typical home in 40422 rents for about $1,313 a month, a gross rental yield of 6.3%.
What is the property tax rate in 40422?
The effective property tax rate in 40422 is 0.8% — roughly $1,981 a year on a typical home.
Who lives in 40422?
ZIP code 40422 has a population of 25,950 and a median household income of $59,615.

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