Morehead, KY · standard
ZIP Code 40351
Rowan County, Kentucky - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 20,329
- 32/sq mi
- $51,835
- Median income
- $167,300
- Median home value
- 26.5%
- Bachelor's or higher
National ZIP placement
Morehead pairs one of the lowest household incomes in the country with below-median home values, in a rural, homeowner-dominated area.
- 17th pct
- household income, US ZIPs
- 33rd pct
- home value, US ZIPs
- 32
- people per sq mi
- 62%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 40351 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 40351 (Morehead, KY) rose +8.4% from 2023 to 2024. The all-transactions index moved from 174.8 in 2023 to 189.5 in 2024 (2000 = 100).
ZIP code 40351 is a densely settled ZIP (a standard USPS delivery area) in Morehead, Rowan County, Kentucky, with 20,329 residents across 641.3 square miles, a density of 32 people per square mile, in the New York time zone.
ZIP 40351 reports a modest median household income of $51,835 (13% below the average Kentucky ZIP), while per-capita income is $29,695. The poverty rate is 27.2%, so the area-level income figures should not be treated as typical household experience. Median home value is $167,300 (5% above the average Kentucky ZIP) and median rent is $786; 62.4% of occupied homes are owner-occupied.
Educational attainment sits below the national norm: 26.5% of adults hold a bachelor's degree or higher, the median age is 30.8, and the average commute is 24 minutes. The page also surfaces 1 ZIP codes within roughly 10 miles and 1 more in Rowan County, so 40351 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 40351
Top 5 sectors by establishment count in Morehead, KY
Which industries have the most business establishments in ZIP 40351.
- Retail trade
Retail trade
98 establishments
- Health care and social assistance
Health care and social assistance
94 establishments
- Accommodation and food services
Accommodation and food services
59 establishments
- Other services (except public administration)
Other services (except public administration)
40 establishments
- Finance and insurance 36
Finance and insurance
36 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 40351, Morehead, KY · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
20,329
Population
641.3
Area (sq mi)
32
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 40351?
30.8
Median Age
49.0%
Male
51.0%
Female
1.1%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$51,835
Median Household Income
-13% vs state ZIP avg
$29,695
Per Capita Income
27.2%
Poverty Rate
5.0%
Unemployment Rate
23.7 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
9,374housing units
9,374
Total Housing Units
8,528
Occupied Units
846
Vacant Units
2.26
Avg Household Size
Occupancy Type
$167,300
Median Home Value
+5% vs state ZIP avg
$786
Median Rent
1991
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+8.4%
YoY Change (2024)
189
HPI Index (2000 = 100)
+89%
Total Change Since 2000
Home values in ZIP 40351 have increased 8.4% over the past year (2024). Since 2000, this ZIP has seen +89% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +7.4% | 135 |
| 2021 | +9.9% | 148 |
| 2022 | +14.7% | 170 |
| 2023 | +3.1% | 175 |
| 2024 | +8.4% | 189 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 515 business establishments in ZIP 40351, employing approximately 8,275 people with a combined annual payroll of $365,988,000.
515
Businesses
8,275
Employees
$366.0M
Annual Payroll
17
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 98 | 19.0% |
| Health care and social assistance | 94 | 18.3% |
| Accommodation and food services | 59 | 11.5% |
| Other services (except public administration) | 40 | 7.8% |
| Finance and insurance | 36 | 7.0% |
| Construction | 34 | 6.6% |
| Transportation and warehousing | 28 | 5.4% |
| Manufacturing | 24 | 4.7% |
| Professional, scientific, and technical services | 23 | 4.5% |
| Real estate and rental and leasing | 22 | 4.3% |
| Wholesale trade | 15 | 2.9% |
| Administrative and support and waste management and remediation services | 13 | 2.5% |
| Information | 12 | 2.3% |
| Management of companies and enterprises | 5 | 1.0% |
| Educational services | 4 | 0.8% |
| Utilities | 3 | 0.6% |
| Arts, entertainment, and recreation | 3 | 0.6% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 40351 vs 40313 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 40313 | Clearfield, KY | 3,143 | 5.2 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 40351, both outside KY so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (20,329 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.