Interested in purchasing investment houses in the 42040 zip code in Farmington, KY?
The zip code 42040 is in both Graves and Calloway counties with a latitude of -88.502670000000 and longitude of 36.620480000000, is in the state of Kentucky. The average asking price of houses and condos is $256,500.00 and the average sale price was $74,758.00. this regions is classified as the Paducah - Cape Girardeau metro area and consists of the following area codes: 270 and 364. The location in degrees is 36° 37' 13.728" N, 88° 30' 9.612" W. The county F.I.P.S. is 21083. The total land area is 32.8 square miles and the water area is 0.2 square miles. The elevation in this area is 495 - 545 feet. The zip code is on central standard time and observes daylight savings time.
The zip 42040 is in county number 083 and is L. Sector 00, L. Segment 01, H. Sector 17, and H. Segment 17. The population was 899 in 2019 and 1,082 in 2010. This further breaks down to 443 males (49.3%) and 456 females (50.7%). The median age of residents is 42.9 years. The population of the greater Mayfield, KY area is 37,487. The population density (people per square mile) is 27. This zip code has a combined total of 419 houses and condos. There are 76 rented appartments. 20% of residents rent versus the 20% 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 $40,560 and the average salary is $34,100. The median household income of individuals is $42,994.00 and the average is $44,300.00. This zip code has a mean commute time to work of 31.4 minutes. The unemployment rate is 5.6%. Income earners by percent breakdown as 56.30% (Under $50,000), 33.60% ($50,000-$100,000), and 10.10% earn over $100,000. 7.0% of residents live below poverty line versus the 16.3% in the state that are below this line. The cost of living index is 82.9. The educational breakdown is 93.5% have a high school education or higher, 28.5% have a bachelor's degree or higher, and 12.1% have some kind of profesional degree.
This area has 442 households and the average size is 2.4 people. Individuals who are single and have never been married are 22.7%, 59.5% are now married, 0.0% are separated, 2.7% are widowed, and 15.1% are divorced. The average yearly contribution amount given by people to charity was $5,833 versus the state average of $4,303. The percent of residents who gave to charity was 18.8%.
The estimated median value of houses and condos is $144,853. The median monthly owner costs of mortgage holders was $971, where as the costs for those who don't have a mortgage are $326. The median number of rooms in houses and condos are 7.2 versus apartments which had a median number of 4.1.
The real estate tax percent rate is 0.5% which equated to an average real estate tax amount payment of $733. 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. The median housing property tax percent for residents with mortgages was 0.5% which amounted to an average tax amount of $826. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.6% which amounted to an average tax amount of $680. Reported taxable interest for persons was $913, dividends $500, capital gains +$2,457, and itemized deductions $17,473. The average earned income tax credit is $1,955. The percent of individuals that use a tax preparer is 70.8%. The total average income taxes paid by individuals was $4,200. Businesses reported an average profit of $4,238.
Al Colley Chicken Barns
9065 State Route 121 S, Farmington, KY 42040
Sedalia Restaurant
5593 Kentucky 97, Sedalia, KY 42079 (3.9 miles away)
Magnolia Tea Room
306 Gilbert St, Hazel, KY 42049 (11.1 miles away)
Carr's Steakhouse
213 W Broadway, Mayfield, KY 42066 (11.7 miles away)
Dee's Place
2667 State Route 94 E, Murray, KY 42071 (12 miles away)
Amazing Grace Restaurant
9841 State Route 45 S, Wingo, KY 42088 (12.4 miles away)
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