ZIP Code 40071 — Elk Creek CDP, KY Demographics & Data

ZIP code 40071 covers Elk Creek, KY in Spencer County with a population of about 16,702.

At a glance, the area shows median age of 42.6 versus a U.S. median of about 38.9.

It sits in telephone area code 502; U.S. House district KY-4; the LOUISVILLE media market.

Median household income in ZIP 40071 is about $97,349 — about 30% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 7.7%; unemployment rate near 4.5%; 21.4% of adults with a bachelor’s degree or higher (about 12.3 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Manufacturing, Healthcare, and Education; about 10.5% of workers reporting work-from-home (about 4.7 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $297,900 — about 14% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $742 (about 36% below the U.S. median rent ($1,163)), and owner-occupancy near 85.0% (about 19.6 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 40071 in Elk Creek, KY, a household would need roughly $82,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,914. That sits below the local median household income ($97,349), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Elk Creek CDP, KY as Very Low (composite score 13.3), which is relatively lower than many U.S. communities. The strongest component scores on US5 are flood (22.6) and wildfire (9.1). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Elk Creek CDP, KY show little to no average snow and around 52.5 inches of annual precipitation.

IRS migration statistics show a net inflow of about 624 for ZIP 40071 (Elk Creek CDP, KY) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.