ZIP Code · KY

ZIP 42303

Part of Owensboro, KY

Pop. 42,119·Daviess County·63rd most expensive ZIP in Kentucky

Median rent (all units)

$1,186/mo

Year-over-Year

Stable

Month-over-Month

-1.3%

vs US Median

-$746

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 42303 · $1,186

More affordable than 92% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$890

1 BR

$900

2 BR

$1,180

3 BR

$1,560

4 BR+

$1,560

Research median

$1,180/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 ($64,773) is $1,619 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,560).

From Zillow's monthly rent index (ZORI) for ZIP 42303. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,232/yr

At $1,186/mo median

Location

CityOwensboro

StateKY

CountyDaviess County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.0% YoY, -1.3% MoM), not inventory.

Demographics

Who lives here

ZIP 42303 (Owensboro, KY) is majority owner-occupied, has a median income below the national average, 27% of residents hold a bachelor's degree or higher.

Population

42,119

Median income

$64,773

Median age

39.9

Renters

34.2%

Age distribution

23.4%

21.1%

23.3%

12.5%

19.7%

Under 1823.4%

18–3421.1%

35–5423.3%

55–6412.5%

65+19.7%

Gender

48.8%

51.2%

Male48.8%

Female51.2%

Race & ethnicity

85.4%

White85.4%

Black3.1%

Hispanic5%

Asian1.5%

Other5%

Education (25+)

34.2%

29.5%

27%

No HS diploma9.4%

HS diploma34.2%

Some college29.5%

Bachelor's+27%

Housing tenure

65.8%

34.2%

Owner65.8%

Renter34.2%

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

2021 vs 2026

How ZIP 42303 in Owensboro, KY has changed in 5 years

Income

$56,961 → $64,773

up 13.7%

Population

41,870 → 42,119

up 0.6%

Renter share

34% → 34.2%

+0.2 pts

Bachelor's+

23.6% → 27%

+3.4 pts

Census figures show median household income at $64,773 today, compared with $56,961 five years earlier. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 23.6% to 27%.

Community

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Local insights

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About renting in ZIP 42303

Last updated: October 17, 2026

ZIP code 42303 covers Owensboro, KY. The median rent here is $1,186/mo as of October 2026. A 1-bedroom rents for a median of $900/mo. A 2-bedroom rents for a median of $1,180/mo.

At 22% of local median household income ($64,773/yr), ZIP 42303 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 42303?

To keep rent at or below 30% of gross income, you would need to earn at least $47,000/year (about $23/hour full-time) to afford the median rent of $1,186/mo in ZIP 42303. The local median household income is $64,773/yr, so the typical household meets that bar.