HousingHandbookReference data

U.S. ZIP Code · KY42408

Hopkins County

Typical home value

$120,240[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-10.4%
5-year / yr
+4.6%
10-year / yr
+5.6%

Relative price

vs U.S.
-57.7%
vs metro
vs state
-27.6%
ZIP 42408 location in KY
Location of ZIP 42408 in KY

Price history

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

The typical home in 42408 is worth $120,240. Over the past year, values have fallen 10.4%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$726[3]

#Climate risk

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

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

#Who lives here

Population
5,888[3]
Median household income
$60,900[3]

#Migration

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

Net migration
-17[5]
Moved in
846
Moved out
863

Schools

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

Public schools
3
Elementary
1
Middle
0
High
1
  • Dawson Springs Elementary

    Elementary · Grades PK–5 · Dawson Springs Independent

    313 students

  • Dawson Springs Jr/Sr High School

    High · Grades 6–12 · Dawson Springs Independent

    270 students

  • DSISD Virtual Academy

    Other · Grades PK–12 · Dawson Springs Independent

    0 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$608
Loan principal$96,192
Down payment$24,048
Total interest paid$122,687

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$768
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 42408?
The typical home in 42408 is worth $120,240, based on the Zillow Home Value Index.
Are home values rising in 42408?
Home values in 42408 are down 10.4% over the past year, and up 4.6% a year over five years.
What is the property tax rate in 42408?
The effective property tax rate in 42408 is 0.6% — roughly $726 a year on a typical home.
Who lives in 42408?
ZIP code 42408 has a population of 5,888 and a median household income of $60,900.

Compare ZIPs

Pit ZIP 42408 against any other ZIP — full side-by-side table.

Compare 42408

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