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ZIP Code · KY

ZIP 42303

Pop. 42,119·Daviess County·81st most expensive ZIP in Kentucky
Median rent (all units)
$935/mo
Year-over-Year
Stable
Month-over-Month
-5.0%
vs US Median
-$1,030
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 42303 · $935
More affordable than 99% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$11,220/yr
At $935/mo median
Location
StateKY
CountyDaviess County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -5.0% 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: July 20, 2026

ZIP code 42303 covers Owensboro, KY. The median rent here is $935/mo as of July 2026. A 1-bedroom rents for a median of $900/mo. A 2-bedroom rents for a median of $1,180/mo.

At 17% 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 is rent in ZIP code 42303?

As of July 20, 2026, the median monthly rent in ZIP 42303 (Owensboro, KY) is $935. This is based on aggregated data from public sources and community submissions.

How does ZIP 42303 rent compare to the US average?

ZIP 42303's median rent of $935/mo is $1,030 (52%) below the US national median of $1,965/mo.

How does ZIP 42303 compare to other ZIPs in Kentucky?

ZIP 42303 is among the more affordable ZIP codes in Kentucky, ranking #81 out of 83 ZIPs at $935/mo.

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 $37,000/year (~$18/hour full-time) to afford the median rent of $935/mo in ZIP 42303. The local median household income is $64,773/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 42303?

Rent in ZIP 42303 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 42303 an affordable place to rent?

ZIP 42303 is considered very affordable for renters. At $935/mo, rent takes approximately 17% of the local median household income ($64,773/yr). The standard benchmark is 30%. ZIP 42303 falls comfortably within that range.

What percentage of ZIP 42303 residents rent vs. own?

According to Census data, approximately 34.2% of ZIP 42303 households are renters, while 65.8% are owner-occupied. ZIP 42303 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 42303 compare to the rest of Owensboro?

ZIP 42303 is more affordable than Owensboro overall. At $935/mo, it's $186 below the Owensboro citywide median of $1,121/mo.

When was rent data for ZIP 42303 last updated?

Rent data for ZIP 42303 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
17%
VERY AFFORDABLE

At $935/mo, rent takes ~17% of ZIP 42303's median household income ($64,773/yr). The standard benchmark is 30%.

ZIP 42303 17%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 42303 (Owensboro, KY)

Recent submissions

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