Special Report

This is the Least Expensive Zip Code in Kentucky

The COVID-19 pandemic had devastating economic consequences in the United States, grinding entire industries to a halt. One sector that did not suffer, however, was real estate. Driven by the pandemic, existing home sales hit their highest level in nearly a decade and a half in 2020.

The median home sale price in the United States was $265,000 in 2020 — $30,000 more than it was the previous year. A quarter of a million dollars, however, is not affordable for many Americans. Still, for those on a tight budget, there are many parts of the country where most homes are selling for far less.

Using median home sale prices provided by ATTOM Data Solutions, a real estate and property data company, 24/7 Wall St. identified the least expensive ZIP codes in each state.

More than 39,000 homes were bought and sold in Kentucky in 2020, and the median sale price among them was $170,000, nearly $100,000 below the national median. In some parts of the state, home values are even lower. The typical home in the 42240 ZIP code in the southwestern corner of the state sold for $123,000 in 2020.

Low home values in the area mean more people are able to afford a home without taking a loan. An estimated 48.6% of owner-occupied housing units in the area do not have a standing mortgage, the largest share in the state and well above the comparable 37.3% share nationwide.

ZIP codes were ranked based on median sales price of condos and single-family homes in 2020. Only ZIP codes with at least 1,000 single-family homes and condos and where at least 500 of housing units were sold in 2020 were considered. The estimated market value is determined by ATTOM’s automated valuation model.

Supplemental data on median household income, the share of households that are at least 50 years old, and unemployment are five-year estimates at the ZIP code level for 2015-2019 from the U.S. Census Bureau’s American Community Survey.

Least expensive ZIP Location Median home sales price ($) Median household income ($) ZIP codes in state with home sale data
Alabama: 35810 Huntsville 88,000 37,488 33
Alaska: 99504 Anchorage 282,250 79,472 5
Arizona: 85364 Yuma 175,000 43,314 136
Arkansas: 72401 Jonesboro 96,250 42,218 30
California: 95969 Paradise 30,000 51,625 207
Colorado: 81005 Pueblo 227,000 50,779 86
Connecticut: 06790 Torrington 159,475 63,057 16
Delaware: 19805 Wilmington 140,000 47,885 8
Florida: 32208 Jacksonville 78,650 34,565 372
Georgia: 31204 Macon 75,000 34,407 146
Hawaii: 96792 Waianae 410,000 66,766 9
Idaho: 83201 Pocatello 201,263 50,526 16
Illinois: 61401 Galesburg 68,000 38,027 77
Indiana: 46218 Indianapolis 53,000 24,517 62
Iowa: 52601 Burlington 89,250 49,613 21
Kansas: 66104 Kansas City 103,344 39,726 7
Kentucky: 42240 Hopkinsville 123,000 42,955 30
Louisiana: 71112 Bossier City 135,000 51,623 16
Maryland: 21223 Baltimore 26,000 28,549 54
Michigan: 48228 Detroit 34,500 27,337 55
Minnesota: 55912 Austin 132,000 50,274 42
Mississippi: 38671 Southaven 162,697 51,214 6
Missouri: 63136 Saint Louis 37,000 32,223 49
Montana: 59101 Billings 224,000 49,514 6
Nebraska: 68104 Omaha 135,000 48,620 12
Nevada: 89103 Las Vegas 199,000 42,537 44
New Jersey: 08332 Millville 124,750 57,265 50
New Mexico: 88310 Alamogordo 169,097 43,307 12
New York: 14616 Rochester 127,000 52,660 16
North Carolina: 28052 Gastonia 115,000 39,426 121
North Dakota: 58103 Fargo 190,000 46,866 3
Ohio: 43211 Columbus 58,500 26,724 60
Oklahoma: 73110 Oklahoma City 97,500 43,059 30
Oregon: 97603 Klamath Falls 199,500 51,972 37
Pennsylvania: 19140 Philadelphia 48,250 22,790 46
Rhode Island: 02889 Warwick 243,000 77,783 1
South Carolina: 29841 North Augusta 145,000 52,516 58
Tennessee: 38127 Memphis 45,000 29,798 92
Texas: 78521 Brownsville 97,375 32,169 160
Utah: 84404 Ogden 274,724 62,732 35
Virginia: 24012 Roanoke 146,130 46,414 75
Washington: 99207 Spokane 195,000 41,401 69
West Virginia: 26508 Morgantown 264,450 70,904 1
Wisconsin: 54220 Manitowoc 120,000 51,542 26
Wyoming: 82001 Cheyenne 264,412 63,025 2