HousingHandbookReference data

U.S. ZIP Code · KY42303

Daviess County · Owensboro, KY

Typical home value

$216,015[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.9%
5-year / yr
+6.1%
10-year / yr
+6.4%

Relative price

vs U.S.
-24.0%
vs metro
+17.2%
vs state
+30.0%
ZIP 42303 location in KY
Location of ZIP 42303 in KY

Price history

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

The typical home in 42303 is worth $216,015 — 17.2% above the Owensboro, KY median. Over the past year, values have risen 2.9%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$1,735[3]

#Climate risk

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

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

#Who lives here

Population
42,119[3]
Median household income
$64,773[3]

#Migration

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

Net migration
-43[5]
Moved in
1,732
Moved out
1,775

Schools

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

Public schools
13
Elementary
7
Middle
2
High
3
  • Daviess County High School

    High · Grades 9–12 · Daviess County

    1,694 students

  • Daviess County Middle School

    Middle · Grades 6–8 · Daviess County

    841 students

  • College View Middle School

    Middle · Grades 6–8 · Daviess County

    789 students

  • Newton Parrish Elementary School

    Elementary · Grades K–5 · Owensboro Independent

    547 students

  • Deer Park Elementary School

    Elementary · Grades PK–5 · Daviess County

    491 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$1,092
Loan principal$172,812
Down payment$43,203
Total interest paid$220,412

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$1,416
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
89th percentile[1]
Rental yield
[2]
Property tax
78th percentile[3]

Frequently asked

How much is a home worth in ZIP code 42303?
The typical home in 42303 is worth $216,015, based on the Zillow Home Value Index.
Are home values rising in 42303?
Home values in 42303 are up 2.9% over the past year, and up 6.1% a year over five years.
What is the property tax rate in 42303?
The effective property tax rate in 42303 is 0.8% — roughly $1,735 a year on a typical home.
Who lives in 42303?
ZIP code 42303 has a population of 42,119 and a median household income of $64,773.

#Comparable ZIPs

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

  • Owensboro, KY

    Typical home
    $207,385
    Gross yield
    6.9%
  • Maceo CDP, KY

    Typical home
    $191,327
    Gross yield
  • Masonville CDP, KY

    Typical home
    $242,465
    Gross yield
  • Beech Grove CDP, KY

    Typical home
    $177,353
    Gross yield
  • Philpot CDP, KY

    Typical home
    $267,899
    Gross yield
  • Island, KY

    Typical home
    $138,367
    Gross yield

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