42350, Island, KY

Island, KY is located in the southeastern corner of Kentucky and has a population of just over 10,000. The 42350 zip code covers just over 2 square miles and has a median home value of $128,000. Home equity in this zip code is relatively high compared to other parts of Kentucky, with nearly two-thirds (64%) of households reporting some level of home equity. This high level of equity is likely due to the moderate cost of living and strong job market in Island.

Despite the high level of equity in this zip code, there are still many households that are struggling to pay off their mortgages or owe more on their homes than they own. This suggests that while home equity may be an important factor for some residents, it is not the only factor that determines whether or not someone can afford to buy a house or stay in their current home.