Real Estate Investing in Blackey, Kentucky

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 1,202 • Letcher County

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Should you buy in Blackey, KY? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (67/100)

Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.

📈 For Investors
STRONG
4.0 / 5 (86/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
3 flags
  • Declining values: -14.7% 5-year CAGR — values have moved lower.
  • Elevated vacancy: 8.8% vacancy may signal weakening demand.
  • 1-year downturn: Values declined 35.7% in the last year.

What’s happening in Blackey, KY?

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4.0/ 5

Investability

Citywide average

0.0/ 5

Appreciation

Long-term value growth

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $59,068
Avg Monthly Rent $783
ZIP Codes 1

Investing in Blackey Real Estate

Blackey is one of Kentucky's repositioning markets — 1 ZIPs, a sizable population, and median values of $59K that mask wide dispersion block to block.

Cap rates of 0.0% on stabilized product understate the returns available in Blackey for investors willing to renovate. Meanwhile, execution risk is real and should be underwritten accordingly.

Blackey's sale market mixes turn-key listings with rehabs, foreclosures, and older stock needing work. The spread between ARV and entry is where value-add capital makes its money.

The demographic base in Blackey is what makes the BRRRR math work — enough income at $N/AK to absorb upgraded rents, and enough renters at 0% to fill the units.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$59,068
Avg Monthly Rent
$783
1% Rule
✓ Passes
Landlord Friendly (KY)

ZIP Codes in Blackey, KY

Screen every ZIP in Blackey

Filter Blackey’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Blackey, KY

Can I live-in-and-rent in Blackey, KY?

Blackey, KY offers an attractive house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $783/mo rent level.

What is the median home value in Blackey, KY?

Blackey, KY median home values land near $59K. That is reasonable territory for investors looking at $783/mo-per-month rentals.

Which real estate strategy fits Blackey, KY?

For Blackey, KY, value-add and BRRRR deals is the standard investor playbook. The market structure makes it a reasonable default approach.

Does the BRRRR strategy work in Blackey, KY?

Blackey, KY BRRRR deals are a strong. With proper buy-side discipline, operators can recycle most of their capital post-refinance.

Is Blackey in KY worth investing in?

Blackey, KY rates 4.0/5 for investability. With median values at $59K and rents near $783/mo, the market offers reasonable fundamentals for rental investors.

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