Interested in purchasing investment houses in the 40940 zip code in Frakes, KY?
The zip code 40940 is in both Bell and Whitley counties with a latitude of -83.948290000000 and longitude of 36.607040000000, is in the state of Kentucky. The average asking price of houses and condos is $42,000.00 and the average sale price was $45,745.00. this regions is classified as the Knoxville metro area and is in the 606 area code. The location in degrees is 36° 36' 25.344" N, 83° 56' 53.844" W. The county F.I.P.S. is 21235. The total land area is 19.1 square miles and the water area is 0.0 square miles. The elevation in this area is 1460 - 2480 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 40940 is in county number 013 and is L. Sector 00, L. Segment 01, H. Sector 48, and H. Segment 48. The population was 340 in 2019 and 478 in 2010. This further breaks down to 178 males (52.5%) and 161 females (47.5%). The median age of residents is 35.4 years. The population of the greater Middlesborough, KY area is 29,476. The population density (people per square mile) is 18. This zip code has a combined total of 135 houses and condos. There are 49 rented appartments. 37% of residents rent versus the 37% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $27,474 and the average salary is $24,729. The median household income of individuals is $21,382.00 and the average is $29,960.00. This zip code has a mean commute time to work of 28.4 minutes. The unemployment rate is 18.5%. Income earners by percent breakdown as 84.10% (Under $50,000), 13.20% ($50,000-$100,000), and 2.60% earn over $100,000. 53.8% of residents live below poverty line versus the 16.3% in the state that are below this line. The cost of living index is 80.8. The educational breakdown is 62.2% have a high school education or higher, 6.2% have a bachelor's degree or higher, and 6.2% have some kind of profesional degree.
This area has 200 households and the average size is 2.5 people. Individuals who are single and have never been married are 18.3%, 65.5% are now married, 4.5% are separated, 3.5% are widowed, and 8.3% are divorced.
The estimated median value of houses and condos is $56,172. The median monthly owner costs of mortgage holders was $694, where as the costs for those who don't have a mortgage are $172. The median number of rooms in houses and condos are 5.7 versus apartments which had a median number of 5.1.
The real estate tax percent rate is 0.4% which equated to an average real estate tax amount payment of $234. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $1,257. Reported taxable interest for persons was $150. The average earned income tax credit is $2,471. The percent of individuals that use a tax preparer is 63.2%. Businesses reported an average profit of $4,875.
Johnson's Grocery And Deli
6166 Highway 90, Clairfield, TN 37715 (2.9 miles away)
McCloud Mountain Restaurant
1220 Mcclouds Trl, Duff, TN 37729 (8.7 miles away)
Santa Fe Mexican Restaurant
1184 5th St, Jellico, TN 37762 (10.1 miles away)
Ten3 Market
4159 New Highway 63, Speedwell TN, 37870, Speedwell, TN 37870 (11.6 miles away)
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