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
The verdict
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
- 33th 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.
ZIP code 40351 is classified by USPS as a standard delivery area and covers roughly 641.3 square miles in Morehead, Rowan County, Kentucky. The area is home to 20,329 residents, producing a population density of 32 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 40351 against Kentucky and the nation.
On the economic side, the median household income for ZIP 40351 sits at $51,835 (13% below the Kentucky average), while per-capita income is $29,695. The poverty rate stands at 27.2% and the unemployment rate at 5.0%. On housing, the median home value is $167,300 (5% above the state average) with median rent at $786 per month, and 62.4% of occupied units are owner-occupied, a direct signal of whether 40351 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 26.5% of adults hold a bachelor's degree or higher, the median age is 30.8, and the average commute is 24 minutes. We also surface 1 nearby ZIP codes within roughly 10 miles and 1 additional ZIPs sharing Rowan County, so you can benchmark 40351 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 40351
Top 5 sectors by establishment count
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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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
$29,695
Per Capita Income
27.2%
Poverty Rate
5.0%
Unemployment Rate
23.7 min
Mean Commute Time
How ZIP 40351 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$51,835 17th percentile higher than 17% of 30,318 US ZIPs
Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau — ACS 5-Year Estimates · 2019–2023
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?
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
$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 |
More ZIP Codes in Rowan County
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Frequently Asked Questions
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ZIP Code Research Guides
Official Data Resources for Morehead, KY
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.