40351
Morehead, Kentucky.
Morehead, Rowan County, KY · population 22,322
to buy the typical home at today's mortgage rate — +$576 (+128%) since Jan 2020.
- 1 year
- Down $817 -0%
- $196,044$195,227 since Sep 2025
- 5 years
- Up $48,496 +33%
- $146,731$195,227 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 40351$1,025
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in zip 40351 fell 0.4% over the past year — slower than the nation's +1.2%.
This zip spans 3 counties: Rowan County, KY 94% · Elliott County, KY 6% · Carter County, KY 0%
Zillow also publishes an index for the city itself: Morehead, KY — measured over the city limits, which is a different area from this zip.
Asking rent — 40351
Against the metro metro and the national benchmark.
- 40351$969
- United States$1,930
Typical home value — 40351
Mid-tier homes, smoothed and seasonally adjusted.
- 40351$195,227
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 4.7 | 40313 | Clearfield | 2,832 | — | $151,318 |
| 13.0 | 40371 | Salt Lick | 2,525 | — | $170,582 |
| 13.7 | 41049 | Hillsboro | 2,238 | — | $208,700 |
| 15.0 | 41164 | Olive Hill | 12,574 | — | $140,044 |
| 15.8 | 41093 | Wallingford | 2,387 | — | $162,644 |
| 17.6 | 40358 | Olympia | 1,012 | — | $206,128 |
| 18.7 | 40387 | Wellington | 1,948 | — | $126,435 |
| 19.1 | 41171 | Sandy Hook | 4,611 | — | $146,172 |
| 19.4 | 40360 | Owingsville | 7,595 | — | $190,893 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.