How much is a home worth in ZIP code 42240?

The typical home in 42240 is worth $194,091, based on the Zillow Home Value Index.

Are home values rising in 42240?

Home values in 42240 are up 1.0% over the past year, and up 8.6% a year over five years.

What is the typical rent in 42240?

A typical home in 42240 rents for about $1,054 a month, a gross rental yield of 6.5%.

What is the property tax rate in 42240?

The effective property tax rate in 42240 is 0.6% — roughly $1,211 a year on a typical home.

ZIP code 42240 has a population of 41,415 and a median household income of $51,534.

HousingHandbookReference data

…

U.S. ZIP Code · KY42240

Christian County · Clarksville, TN-KY

Typical home value

$194,091^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.0%
5-year / yr: +8.6%
10-year / yr: +7.5%

Relative price

vs U.S.: -31.7%
vs metro: -21.6%
vs state: +16.8%

Price history

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

The typical home in 42240 is worth $194,091 — 21.6% below the Clarksville, TN-KY median. Over the past year, values have risen 1.0%. Homes here rent for a typical $1,054 a month — a 6.5% 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.

Monthly rent: $1,054^[2]
Gross yield: 6.5%^[2]
Cap rate: 3.9%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $1,211^[3]

#Climate risk

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

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

#Who lives here

Population: 41,415^[3]
Median household income: $51,534^[3]

#Migration

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

Net migration: -488^[5]
Moved in: 3,185
Moved out: 3,673

Schools

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

Public schools: 15
Elementary: 5
Middle: 2
High: 5

Christian County High School
High · Grades 9–12 · Christian County
1,185 students
Hopkinsville High School
High · Grades 9–12 · Christian County
935 students
Millbrooke Elementary School
Elementary · Grades PK–6 · Christian County
679 students
Christian County Middle School
Middle · Grades 7–8 · Christian County
606 students
Martin Luther King Jr. Elementary School
Elementary · Grades PK–6 · Christian County
595 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.

Home value$Monthly rent$

Gross yield6.5%

Net yield (after ~40% expenses)3.9%

Annual rent$12,652

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$981

Loan principal$155,273

Down payment$38,818

Total interest paid$198,042

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.18

Monthly cost to own$1,243

Monthly rent$1,054

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: 85th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 80th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 42240?: The typical home in 42240 is worth $194,091, based on the Zillow Home Value Index.
Are home values rising in 42240?: Home values in 42240 are up 1.0% over the past year, and up 8.6% a year over five years.
What is the typical rent in 42240?: A typical home in 42240 rents for about $1,054 a month, a gross rental yield of 6.5%.
What is the property tax rate in 42240?: The effective property tax rate in 42240 is 0.6% — roughly $1,211 a year on a typical home.
Who lives in 42240?: ZIP code 42240 has a population of 41,415 and a median household income of $51,534.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

37028 vs 42240 →
TN
Typical home
$198,564
Gross yield
—
42262 vs 42240 →
Oak Grove, KY
Typical home
$214,274
Gross yield
6.5%
42215
Cerulean CDP, KY
Typical home
$214,778
Gross yield
—
42254
LaFayette, KY
Typical home
$160,836
Gross yield
—
42217
Crofton, KY
Typical home
$233,662
Gross yield
—
37023
Big Rock CDP, TN
Typical home
$236,848
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 42240 against any other ZIP — full side-by-side table.

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#Articles featuring this ZIP

Explainers, guides, and lists that use 42240 as an example.

Listicle
Affordable + Low Climate Risk + Strong School Coverage: 10 US ZIPs That Hit All Three
A multi-dimensional filter most real-estate sites can't run: affordability + low climate risk + strong school coverage at the ZIP level. The 10 US ZIPs that pass all three filters — and the honest methodology behind what 'pass' means.

#Jump to section

U.S. ZIP Code · KY42240

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