| ZIP Code | 40940 |
|---|---|
| City | Frakes |
| State | Kentucky (KY) |
| County | Bell County |
| Area Code | 606 |
| Elevation | 1,660 ft |
| Latitude | 36.602546 |
|---|---|
| Longitude | -83.939044 |
| Timezone | New York (DST) |
| FIPS | 21235 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.0 yrs ↑ 6% since 2019 |
|---|---|
| Avg Household Size | 2.54 |
| Below Poverty | 22.9% ▲ 129% above avg |
| College Grads | 11.5% ▼ 70% below avg |
| Unemployment | 41.7% ▲ 752% above avg |
| No HS Diploma | 12 (5.5%) |
| HS Graduate | 110 (50.5%) |
| Some College | 57 (26.1%) |
| Associates | 14 (6.4%) |
| Bachelors | 25 (11.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $19,567 ▼ 74% below avg ↑ 5% since 2019 |
|---|---|
| Median Home Value | $45,000 ▼ 84% below avg ↓ 11% since 2019 |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Total Units | 341 |
| Vacant Units | 188 |
| Avg HH Size | 2.54 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 341 |
|---|---|
| Vacant | 188 |
| Owner Occupied | 80.4% |
| Renter Occupied | 19.6% |
| Avg HH Size | 2.54 |
ZIP code 40940 is located in Frakes, Kentucky, within Bell County. With a population of 388, this is a sparsely populated ZIP code with a relatively young community — the median age is 37 years. Economically, 40940 is a lower-income ZIP code: the median household income of $19,567 is well below the national average.
Real estate in ZIP code 40940 represents one of the more affordable housing markets in the country. The median home value of $45,000 is well below the national average. Homeownership is strong here — 80.4% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have decreased by 11% since 2019.
The population of 40940 is primarily White (90.72%). Residents are less-educated — 11.5% hold a bachelor's degree or higher, which is well below the national average. Poverty affects a significant share of residents at 22.9%. Household income has grown by 5% since 2019.
The unemployment rate in 40940 stands at 41.7%, which is more than double the national average. About 14% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 59%.
Overall, ZIP code 40940 in Frakes, KY is characterized as lower-income, less-educated, a relatively young community, and predominantly owner-occupied. With 388 residents, a median household income of $19,567, and a median home value of $45,000, it offers a clear picture of life in this part of Kentucky.