Phelps is located in east Kentucky. Phelps is between the Pike, Buchanan county. Phelps has 7.99 square miles of land area and has no water area. As of 2010-2014, the total Phelps population is 1,179, which has grown 11.97% since 2000. The population growth rate is higher than the state average rate of 8.45% and is about the same as the national average rate of 11.61%. Phelps median household income is $19,203 in 2010-2014 and has has shrunk by 16.96% since 2000. The income growth rate is much lower than the state average rate of 28.72% and is much lower than the national average rate of 27.36%. Phelps median house value is $56,100 in 2010-2014 and has shrunk by -6.05% since 2000. The house value growth rate is much lower than the state average rate of 40.25% and is much lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Phelps is better than the state average in quality. The Phelps area code is 606.