The story of this market
The typical home in ZIP 42038 sells for about $236,000, or $165 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $771 a month.
ZIP 42038 — Eddyville
The housing market in 42038 is characterized by steady, modest price growth driven by its appeal as a recreational and retirement destination. Inventory remains relatively tight, and sales activity is consistent with seasonal trends in the Kentucky Lakes region. The market is stable, with limited volatility compared to larger metropolitan areas.
This ZIP is well-suited for retirees, outdoor enthusiasts, and families seeking a quiet, lake-adjacent lifestyle with affordable housing options compared to larger urban centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 87 days on market with 6.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.0% · poverty 9.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 42038, Lyon County KY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Public schools in the area are primarily served by the Lyon County School District, which provides standard educational services for the region.
The area is subject to standard regional flood and storm risks common to the Kentucky Lakes region, with insurance premiums influenced by proximity to water bodies.
Economic momentum is driven by tourism, recreation, and local services, with limited large-scale industrial development reported.
Property taxes are assessed at the county level by the Lyon County Property Valuation Administrator, with rates determined by local school district and municipal levies.
Commuting is primarily car-dependent, with access to I-24 providing regional connectivity to Paducah and other employment hubs.
The area is a major recreational hub featuring proximity to Lake Barkley and Kentucky Lake, offering extensive boating, fishing, and outdoor trail access.
The rental market is influenced by seasonal demand due to the area's status as a lake-recreation destination, with a mix of long-term and short-term rental properties.
The local economy is anchored by tourism, hospitality, and public sector employment, with significant reliance on the recreational industry surrounding the lakes.
Transportation is dominated by private vehicle use, with I-24 serving as the primary artery for regional transit.
Development is largely focused on residential and recreational infrastructure improvements.
The Lyon County PVA office manages property assessments, typically conducting periodic revaluations to align with market values.
Parcels are subject to Lyon County School District taxes and local municipal utility assessments.
Property insurance rates are moderate but sensitive to regional weather patterns and proximity to flood-prone areas.
Kentucky is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a standard residential property disclosure form detailing known material defects.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Venture River Water Park4.67.8 mi
- Calvert Drive-In Theater4.717 mi
- Adams Breezy Hill Farm4.611.8 mi
- Kentucky Opry Theater4.816.2 mi
- The Badgett Playhouse4.810.2 mi
- Land Between the Lakes National Recreation Area4.78.6 mi
- Moss Creek Day Use Area4.78.3 mi
- Mineral Mound State Park4.56 mi
- Vista Ridge Park4.66.2 mi
- Janice Mason Art Museum4.814.4 mi
- Land Between the Lakes National Recreation Area4.78.6 mi
- North Welcome Station4.78.2 mi
- Hillman Ferry4.67.5 mi
- Moss Creek Day Use Area4.78.3 mi
- Woodlands Nature Station4.75.6 mi
- Kentucky Dam Village4.413 mi
- Moors Resort & Marina4.610.2 mi
- Green Turtle Bay Resort & Marina4.69.8 mi
- Kentucky Dam Marina4.813.1 mi
- Hu-B's at Kuttawa4.56.4 mi
- Mineral Mound State Park4.56 mi
- Boots Randolph Golf Course4.612.6 mi
- Dollar General410.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major recreational lake offering boating and fishing.
Public park featuring golf and lake access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.