How much is a home worth in ZIP code 42701?

The typical home in 42701 is worth $268,744, based on the Zillow Home Value Index.

Are home values rising in 42701?

Home values in 42701 are down 1.4% over the past year, and up 5.2% a year over five years.

What is the typical rent in 42701?

A typical home in 42701 rents for about $1,385 a month, a gross rental yield of 6.2%.

What is the property tax rate in 42701?

The effective property tax rate in 42701 is 0.7% — roughly $1,841 a year on a typical home.

ZIP code 42701 has a population of 53,987 and a median household income of $69,619.

HousingHandbookReference data

…

U.S. ZIP Code · KY42701

Hardin County · Elizabethtown, KY

Typical home value

$268,744^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.4%
5-year / yr: +5.2%
10-year / yr: +6.2%

Relative price

vs U.S.: -5.4%
vs metro: +18.0%
vs state: +61.7%

Price history

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

The typical home in 42701 is worth $268,744 — 18.0% above the Elizabethtown, KY median. Over the past year, values have fallen 1.4%. Homes here rent for a typical $1,385 a month — a 6.2% gross rental yield. 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: $1,385^[2]
Gross yield: 6.2%^[2]
Cap rate: 3.7%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $1,841^[3]

#Climate risk

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

#Who lives here

Population: 53,987^[3]
Median household income: $69,619^[3]

#Migration

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

Net migration: -176^[5]
Moved in: 3,497
Moved out: 3,673

Schools

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

Public schools: 18
Elementary: 7
Middle: 3
High: 5

G C Burkhead Elementary School
Elementary · Grades PK–5 · Hardin County
832 students
John Hardin High School
High · Grades 9–12 · Hardin County
806 students
Elizabethtown High School
High · Grades 9–12 · Elizabethtown Independent
799 students
East Hardin Middle School
Middle · Grades 6–8 · Hardin County
782 students
Bluegrass Middle School
Middle · Grades 6–8 · Hardin County
591 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 yield6.2%

Net yield (after ~40% expenses)3.7%

Annual rent$16,622

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$1,359

Loan principal$214,995

Down payment$53,749

Total interest paid$274,214

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 ratio1.25

Monthly cost to own$1,737

Monthly rent$1,385

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: 56th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 100th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

4th for most populous in KYView list →

Frequently asked

How much is a home worth in ZIP code 42701?: The typical home in 42701 is worth $268,744, based on the Zillow Home Value Index.
Are home values rising in 42701?: Home values in 42701 are down 1.4% over the past year, and up 5.2% a year over five years.
What is the typical rent in 42701?: A typical home in 42701 rents for about $1,385 a month, a gross rental yield of 6.2%.
What is the property tax rate in 42701?: The effective property tax rate in 42701 is 0.7% — roughly $1,841 a year on a typical home.
Who lives in 42701?: ZIP code 42701 has a population of 53,987 and a median household income of $69,619.

#Comparable ZIPs

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

42740 vs 42701 →
KY
Typical home
$255,544
Gross yield
—
40162 vs 42701 →
Rineyville CDP, KY
Typical home
$291,278
Gross yield
—
42724
Elizabethtown, KY
Typical home
$234,709
Gross yield
—
42748
Hodgenville, KY
Typical home
$229,399
Gross yield
—
42776
Sonora, KY
Typical home
$225,977
Gross yield
—
42716
Buffalo CDP, KY
Typical home
$219,774
Gross yield
—

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#Jump to section

U.S. ZIP Code · KY42701

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