ZIP Code 42040 — Farmington CDP, KY Demographics & Data

ZIP code 42040 covers Farmington, KY in Graves County with a population of about 983.

At a glance, the area shows median age of 42.4 versus a U.S. median of about 38.9.

It sits in telephone area codes 270, 364; U.S. House district KY-1; the PADUCAH - CAPE GIRAR D - HARSBG media market.

Median household income in ZIP 42040 is about $61,458 — about 18% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 16.2%; unemployment rate near 0.7%; 10.2% of adults with a bachelor’s degree or higher (about 23.5 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Utilities, Construction, and Transportation; about 10.3% of workers reporting work-from-home (about 4.9 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $183,200 — about 47% below the U.S. median home value ($348,079).

Housing tenure and rents show owner-occupancy near 90.5% (about 25.1 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 42040 in Farmington, KY, a household would need roughly $50,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,177. That sits below the local median household income ($61,458), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Farmington CDP, KY as Relatively Moderate (composite score 84.0), which is elevated versus much of the country. The strongest component scores on US5 are flood (56.8) and hurricane (48.7). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Farmington CDP, KY show little to no average snow and around 58.1 inches of annual precipitation.

IRS migration statistics show a net inflow of about 37 for ZIP 42040 (Farmington CDP, KY) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.