ZIP Code 40351 — Morehead city, KY Demographics & Data

ZIP code 40351 covers Morehead, KY in Rowan County with a population of about 22,338.

At a glance, the area shows median age of 30.7 versus a U.S. median of about 38.9.

It sits in telephone area code 606; U.S. House district KY-5; the LEXINGTON media market.

Morehead, KY sits in a university / college context (near morehead state university (1.6 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 40351 is about $51,110 — about 32% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 26.7%; unemployment rate near 5.4%; 26.6% of adults with a bachelor’s degree or higher (about 7.2 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Education, Healthcare, and Retail trade; about 7.3% of workers reporting work-from-home (about 7.9 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 $163,000 — about 53% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $642 (about 45% below the U.S. median rent ($1,163)), and owner-occupancy near 62.8% (about 2.6 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 40351 in Morehead, KY, a household would need roughly $45,000 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 $1,047. That sits below the local median household income ($51,110), 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 Morehead city, KY as Relatively Low (composite score 47.9), which is near the middle of the national distribution. The strongest component scores on US5 are flood (67.2) and wildfire (46.6). 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 Morehead city, KY show little to no average snow and around 50.8 inches of annual precipitation.

IRS migration statistics show a net inflow of about 834 for ZIP 40351 (Morehead city, 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.