42440, Mortons Gap, KY

The 42440 zip code of Mortons Gap, KY has a median home value of $153,000 and a median home equity of $101,000. This is significantly lower than the national median home value of $205,500 and the national median home equity of $146,200. The 42440 zip code also has a significantly lower homeownership rate than the national homeownership rate of 68.5%.

There are several factors that may contribute to the low home values in the 42440 zip code. One reason may be that Mortons Gap is located in an area with a high concentration of rural homes. These homes typically have lower value due to their lack of amenities and proximity to rural areas. Additionally, many homes in this area were built before 1990, which may also contribute to their low value.

Despite these factors, there are some homeowners in the 42440 zip code who have been able to achieve significant equity growth over time. This suggests that there is potential for increased appreciation in the future if buyers can find qualified properties and make appropriate upgrades/improvements.