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ZipNumbers

Casey County · Kentucky

ZIP code 42516

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 42516 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
616

ZCTA residents

Median income
$41,976

Household, past 12 months

Median home
$202,300

Owner-occupied value

Sales tax
6%

Kentucky state rate

Quick answer

ZIP 42516 sits in Casey County, Kentucky and is home to 616 people. Median household income is $41,976, the median home is worth $202,300 and median gross rent is . 100% of households own their home, and purchases are taxed at 6% (Kentucky state rate).

County
Casey County

FIPS 21045

State
Kentucky (KY)

779 ZIPs covered

Area codes
Not published

No NANPA match for this ZIP

Metro area
Outside covered metros

Rate jurisdiction used for tax

The numbers for 42516

American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.

Population
616ZIP 42516 residents
Median household income
$41,976Past 12 months, inflation adjusted
Median home value
$202,300Owner-occupied units
Median gross rent
Rent plus utilities, monthly
Median age
52.8 yrsAll residents
Homeownership rate
100%Owner-occupied households

Sales tax in 42516

What a purchase inside this ZIP costs at checkout.

Rate applied
6%State base rate only
Tax on $100
$6Rounded to the dollar
Tax on $1,000
$60Before any exemptions

Kentucky levies 6% statewide with no local add-ons. Check the county page for the local component before you quote a price.

Affordability in this ZIP

Derived from the Census medians above — indicative, not an offer.

Rent burden
Median rent ÷ median income
Price-to-income
4.8×Home value ÷ household income
Est. mortgage
$1,050/mo20% down, 30-yr at 6.75%
Poverty rate
13.1%Residents below poverty line

A rent burden above 30% is the federal threshold for cost-burdened households, and a price-to-income multiple above 4× is generally considered a stretched housing market. The mortgage figure is principal and interest only — taxes, insurance and HOA dues are extra.

How 42516 compares

ZIP 42516 against the median ZIP in Casey County and across Kentucky.

MeasureZIP 42516County medianState medianvs state
Median household income$41,976$42,882$53,906-22%
Median home value$202,300$153,200$130,850+55%
Median gross rent$707$791
Population6166681,457-58%

Medians are computed across the 7 ZIP areas in Casey County and the 779 ZIP areas in Kentucky.

Statewide rank

Where this ZIP places among all 779 Kentucky ZIP areas.

Income

richer than 23% of 641 state ZIPs

#491
Home value

above 83% of 654 state ZIPs

#111
Population

larger than 29% of 779 state ZIPs

#552

Comparable ZIP codes

Kentucky ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
40111Breckinridge County$41,923$117,100$329
42602Clinton County$41,797$113,200$630
40769Whitley County$41,772$94,100$729
41669Floyd County$41,719$56,000$538
42463Webster County$42,321$70,000$783
41858Letcher County$42,363$101,700$635

Nearby ZIP codes

Other ZIP codes filed under Casey County.

ZIP 42516 questions

Common questions about this ZIP code.

Where is ZIP code 42516?
ZIP 42516 lies mostly in Casey County, Kentucky. County assignment follows the largest share of land area, so a ZIP straddling a county line is filed under its dominant county.
What sales tax do I pay in 42516?
Kentucky charges 6% statewide.
Is 42516 expensive to live in?
Median rent runs a month, and the median home is worth $202,300+55% against the typical Kentucky ZIP.
Is a ZCTA the same as a postal ZIP code?
Not exactly. The Census builds ZIP Code Tabulation Areas from the ZIP codes of addresses inside each census block, so a ZCTA can differ slightly from the USPS delivery route of the same number, and PO-box-only ZIPs have no ZCTA at all.

Related pages for this area.

Sources & transparency

Every figure on this page is a published estimate for ZIP Code Tabulation Area 42516, except the affordability ratios and mortgage estimate, which we derive from those medians and label as estimates.

Last reviewed December 2024. Figures are published for reference and can change; verify with the source agency before filing or contracting. How we build and check this data.