ZIP Code · KY

ZIP 41042

Part of Florence, KY

Pop. 57,634·Boone County·24th most expensive ZIP in Kentucky

Median rent (all units)

$1,522/mo

Year-over-Year

+2.5%

Month-over-Month

+0.3%

vs US Median

-$410

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 41042 · $1,522

More affordable than 71% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 41042 is at its highest level since Zillow's records here began in March 2022.

Past year vs. the rest of Kentucky

Rent in ZIP 41042 changed +2.5% over the year to September 2026. Across the 63 Kentucky ZIP codes Zillow tracks, the typical change was +3.3%.

Recent direction

Rent has risen 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($79,712) is $1,993 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,560); a 3-bedroom is $2,060.

Cheaper nearby

ZIP 41018, 3 miles away, rents for 13% less ($1,324/mo), about $2,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 41042. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,264/yr

At $1,522/mo median

Location

CityFlorence

StateKY

CountyBoone County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.5% YoY, +0.3% 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

2022 vs 2026

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

Rent

$1,295 → $1,522

up 17.5%

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

The median rent in ZIP 41042 in Florence, KY stood at $1,295 in 2022 and currently runs about $1,522, reflecting a 17.5% increase over the period. 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. Reading these numbers side by side helps frame whether current listings in ZIP 41042 in Florence, KY look reasonable against where the market sat half a decade ago.

Community

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Local insights

Tips for renters in ZIP 41042

About renting in ZIP 41042

Last updated: October 17, 2026

ZIP code 41042 covers Florence, KY. The median rent here is $1,522/mo as of October 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,560/mo.

At 23% of local median household income ($79,712/yr), ZIP 41042 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.

FAQ

Frequently asked questions

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 $61,000/year (about $29/hour full-time) to afford the median rent of $1,522/mo in ZIP 41042. The local median household income is $79,712/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 41042?

Rent in ZIP 41042 has risen 2.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2022.

How does ZIP 41042 compare to other ZIPs in Kentucky?

ZIP 41042 is one of the pricier among Kentucky ZIP codes for rent, ranking #24 of 78 at $1,522/mo. Over the year to September 2026, rent in ZIP 41042 changed +2.5%, against a typical +3.3% across the 63 Kentucky ZIP codes Zillow tracks.