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ZIP Code · KY

ZIP 41042

Part of Florence, KY
Pop. 57,634·Boone County·22nd most expensive ZIP in Kentucky
Median rent (all units)
$1,584/mo
Year-over-Year
-0.8%
Month-over-Month
-2.8%
vs US Median
-$381
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 41042 · $1,584
More affordable than 68% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,100
1 BR
$1,210
2 BR
$1,560
3 BR
$2,060
4 BR+
$2,280
Research median
$1,560/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: July 20, 2026

Annual cost
$19,008/yr
At $1,584/mo median
Location
StateKY
CountyBoone County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-0.8% YoY, -2.8% MoM), not inventory.
Demographics

Who lives here

ZIP 41042 (Florence, KY) is majority owner-occupied, 27.7% of residents hold a bachelor's degree or higher.

Population
57,634
Median income
$79,712
Median age
38.7
Renters
33.2%
Age distribution
22%
23.1%
25.4%
12.3%
17.2%
Under 1822%
18–3423.1%
35–5425.4%
55–6412.3%
65+17.2%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
77.1%
White77.1%
Black7.8%
Hispanic9%
Asian2.7%
Other3.4%
Education (25+)
30.7%
32.5%
27.7%
No HS diploma9.1%
HS diploma30.7%
Some college32.5%
Bachelor's+27.7%
Housing tenure
66.8%
33.2%
Owner66.8%
Renter33.2%

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

2021 vs 2026

How ZIP 41042 in Florence, KY has changed in 5 years

Income
$68,684 → $79,712
up 16.1%
Population
54,363 → 57,634
up 6.0%
Renter share
33.5% → 33.2%
-0.3 pts
Bachelor's+
26.8% → 27.7%
+0.9 pts
Median age
40 → 38.7
-1.3 yrs

Household income in the area moved from $68,684 to $79,712 across the same window, up 16.1% versus 2021. The population has grown by 6.0% since 2021, moving from about 54,363 residents to roughly 57,634.

Community

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Local insights

Tips for renters in ZIP 41042

About renting in ZIP 41042

Last updated: July 20, 2026

ZIP code 41042 covers Florence, KY. The median rent here is $1,584/mo as of July 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,560/mo.

At 24% of local median household income ($79,712/yr), ZIP 41042 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 41042?

As of July 20, 2026, the median monthly rent in ZIP 41042 (Florence, KY) is $1,584. This is based on aggregated data from public sources and community submissions.

How does ZIP 41042 rent compare to the US average?

ZIP 41042's median rent of $1,584/mo is $381 (19%) below the US national median of $1,965/mo.

How does ZIP 41042 compare to other ZIPs in Kentucky?

ZIP 41042 is one of the pricier ZIP codes in Kentucky, ranking #22 out of 83 ZIPs tracked at $1,584/mo.

How much income do you need to rent in ZIP 41042?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,584/mo in ZIP 41042. The local median household income is $79,712/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 41042?

Rent in ZIP 41042 has decreased 0.8% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 41042 an affordable place to rent?

ZIP 41042 is considered very affordable for renters. At $1,584/mo, rent takes approximately 24% of the local median household income ($79,712/yr). The standard benchmark is 30%. ZIP 41042 falls comfortably within that range.

What percentage of ZIP 41042 residents rent vs. own?

According to Census data, approximately 33.2% of ZIP 41042 households are renters, while 66.8% are owner-occupied. ZIP 41042 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 41042 compare to the rest of Florence?

ZIP 41042 is more affordable than Florence overall. At $1,584/mo, it's $4 below the Florence citywide median of $1,588/mo.

When was rent data for ZIP 41042 last updated?

Rent data for ZIP 41042 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $1,584/mo, rent takes ~24% of ZIP 41042's median household income ($79,712/yr). The standard benchmark is 30%.

ZIP 41042 24%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 41042 (Florence, KY)

Recent submissions

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