42259, Mammoth Cave, KY

Mammoth Cave, Kentucky is a small town located in the Appalachian Mountains. The zip code for Mammoth Cave is 42259. The median home value in this zip code is $137,000 and the median home equity value is $111,000. This means that approximately 66% of homes in this zip code have a higher value than their original purchase price.

The average monthly mortgage payment for homes in this zip code is $1,521 which means that homeowners here can afford to pay off their mortgages relatively quickly. Additionally, the percentage of households that are paying more than 30% of their income on housing costs is lower than the national average. This suggests that there may be opportunities for homebuyers who are looking to purchase a home in this area without having to worry about high housing costs.

One reason why homeowners may be able to afford high housing costs in Mammoth Cave is because the unemployment rate here is low. In March 2018, the unemployment rate was 3%. This means that there are likely many jobs available in Mammoth Cave that would allow people to afford a house without having to worry about high housing costs. Additionally, there are many people who own homes here and are not struggling financially which may also contribute to high housing prices.