40965, Middlesboro, KY

The 40965 zip code of Middlesboro, KY has a population of approximately 9,000 people. The median household income in this zip code is $41,000 which is lower than the national median household income of $53,046. The unemployment rate in this zip code is 5.5% which is higher than the national unemployment rate of 4.1%. The poverty rate in this zip code is 18.4% which is higher than the national poverty rate of 13.7%.

The home equity and home prices in the 40965 zip code are below average when compared to other ZIP codes in Kentucky. The median home value in this zip code is $128,500 which is lower than the statewide median home value of $173,100 and the national median home value of $177,200. Additionally, the percentage of homes that are owner-occupied in this zip code is below average at 63% which is lower than the statewide percentage of owner-occupied homes at 66%. This indicates that there are more rental properties in this zipcode than homes that are owned by individuals or families.

When comparing home equity and home prices to other areas within Kentucky, it can be seen that Middlesboro has a below average amount of both assets. When looking at homeownership rates within Middlesboro (63%), it can be seen that it falls below both Lexington (68%) and Louisville (68%). This indicates that there may be more renters living in Middlesboro than homeowners. Additionally, when looking at monthly mortgage payments (median), Middlesboro falls below both Lexington ($1,811) and Louisville ($2,382). This indicates that people living within Middlesboro may have difficulty affording a mortgage on a typical basis relative to other areas within Kentucky