ZIP Code · KY

ZIP 40701

Part of Corbin, KY

Pop. 30,526·Whitley County·70th most expensive ZIP in Kentucky

Median rent (all units)

$1,098/mo

Year-over-Year

Stable

Month-over-Month

-0.3%

vs US Median

-$834

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 40701 · $1,098

More affordable than 95% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$640

1 BR

$710

2 BR

$900

3 BR

$1,080

4 BR+

$1,320

Research median

$900/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($47,204) is $1,180 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,080); a 4-bedroom is $1,320.

From Zillow's monthly rent index (ZORI) for ZIP 40701. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$13,176/yr

At $1,098/mo median

Location

CityCorbin

StateKY

CountyWhitley County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 40701 (Corbin, KY) is majority owner-occupied, has a median income below the national average, 20.3% of residents hold a bachelor's degree or higher.

Population

30,526

Median income

$47,204

Median age

40.8

Renters

32.2%

Age distribution

23.1%

19.9%

24.3%

12.8%

20%

Under 1823.1%

18–3419.9%

35–5424.3%

55–6412.8%

65+20%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

96.3%

White96.3%

Hispanic1.5%

Other1.6%

Education (25+)

15.4%

38.6%

25.7%

20.3%

No HS diploma15.4%

HS diploma38.6%

Some college25.7%

Bachelor's+20.3%

Housing tenure

67.8%

32.2%

Owner67.8%

Renter32.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 40701 in Corbin, KY has changed in 5 years

Income

$46,738 → $47,204

up 1.0%

Population

30,020 → 30,526

up 1.7%

Renter share

33.7% → 32.2%

-1.5 pts

Bachelor's+

22% → 20.3%

-1.7 pts

Median age

40.3 → 40.8

+0.5 yrs

On the earnings side, the typical household in ZIP 40701 in Corbin, KY now reports about $47,204, up from $46,738 in 2021. Headcount in the area went from 30,020 to 30,526 between 2021 and 2024, a 1.7% change. About 32.2% of households rent today, against 33.7% in 2021.

Community

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Local insights

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About renting in ZIP 40701

Last updated: October 17, 2026

ZIP code 40701 covers Corbin, KY. The median rent here is $1,098/mo as of October 2026. A 1-bedroom rents for a median of $710/mo. A 2-bedroom rents for a median of $900/mo.

At 28% of local median household income ($47,204/yr), ZIP 40701 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 40701?

To keep rent at or below 30% of gross income, you would need to earn at least $44,000/year (about $21/hour full-time) to afford the median rent of $1,098/mo in ZIP 40701. The local median household income is $47,204/yr, so the typical household meets that bar.