42345, Greenville, KY

The 42345 zip code of Greenville, KY has a population of around 21,000 people. The median household income in this zip code is $51,000 and the median home value is $128,000. The percentage of homes that are owner-occupied is around 78%, while the percentage of homes that are rented is around 22%.

There has been a steady increase in home values in the 42345 zip code over the past few years. In January of 2018, the median home value was up 9% from January 2017. This trend seems to be continuing as according to Zillow’s latest report, the median home value in this zip code increased by an additional 5% from May 2018 to May 2019.

One factor that may be contributing to this increase in home values is the low interest rates currently being offered by lenders. According to Freddie Mac’s report on mortgage rates for 30-year fixed-rate mortgages, the average rate for a 30-year fixed-rate mortgage in Greenville was 3.92% as of June 30th 2019. This compares favorably with rates available just a few years ago when 4% or more was typical across all counties nationwide.

Another factor that may be contributing to this increase in home values is strong demand from buyers who are able to afford these prices. According to Zillow’s report on housing market conditions across America as of May 2019, Greenville had one of the highest levels of demand for homes among all cities surveyed (median list price above asking price). This suggests that there are plenty of buyers who are interested in purchasing homes in this area and that prices will continue to rise over time.