HousingHandbookReference data

U.S. ZIP Code · KY42351

Hancock County

Typical home value

$208,724[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-3.6%
5-year / yr
+5.0%
10-year / yr
+6.8%

Relative price

vs U.S.
-26.5%
vs metro
vs state
+25.6%
ZIP 42351 location in KY
Location of ZIP 42351 in KY

Price history

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

The typical home in 42351 is worth $208,724. Over the past year, values have fallen 3.6%. 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
$1,487[3]

#Climate risk

FEMA National Risk Index ratings for Hancock 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
Relatively Low
Heat wave
Very Low
Hurricane
Very Low
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
4,587[3]
Median household income
$76,213[3]

#Migration

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

Net migration
-37[5]
Moved in
197
Moved out
234

Schools

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

Public schools
4
Elementary
1
Middle
1
High
2
  • North Hancock Elementary School

    Elementary · Grades PK–5 · Hancock County

    471 students

  • Hancock County High School

    High · Grades 9–12 · Hancock County

    463 students

  • Hancock County Middle School

    Middle · Grades 6–8 · Hancock County

    315 students

  • Hancock County Alternative Program

    High · Grades 6–12 · Hancock County

    14 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$1,055
Loan principal$166,979
Down payment$41,745
Total interest paid$212,973

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$1,353
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 42351?
The typical home in 42351 is worth $208,724, based on the Zillow Home Value Index.
Are home values rising in 42351?
Home values in 42351 are down 3.6% over the past year, and up 5.0% a year over five years.
What is the property tax rate in 42351?
The effective property tax rate in 42351 is 0.7% — roughly $1,487 a year on a typical home.
Who lives in 42351?
ZIP code 42351 has a population of 4,587 and a median household income of $76,213.

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Pit ZIP 42351 against any other ZIP — full side-by-side table.

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