Real Estate Investing in Hazard, Kentucky

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

2 ZIP codes • Population: 17,708 • Perry County

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

🏠 For Homebuyers
GOOD FIT
Grade B (75/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (57/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
3 flags
  • High vacancy: 15.1% of homes vacant — above national norms.
  • Elevated poverty: 22.7% poverty rate — can affect rent collection.
  • Lower household income: $38,800 median — tenant affordability is tighter.

What’s happening in Hazard, KY?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.6% 5yr CAGR

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 $100,348
Avg Monthly Rent $864
ZIP Codes 2

Investing in Hazard Real Estate

With a sizable population across 2 ZIPs, Hazard shows the kind of tepid fundamentals that keep most out-of-state capital on the sidelines.

Hazard is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. decisively out-of-state investors should be especially careful with the assumptions they carry in.

The $864/mo / $100K relationship in Hazard looks sluggish once vacancy and capex are incorporated into underwriting. tilts toward the realized yield tends to disappoint.

Population dynamics in Hazard haven't been supportive. better suited elsewhere for combined with thin income growth, the demographic backdrop complicates any purely financial underwriting.

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

Real numbers from people who own or manage rentals in Hazard, KY. Anonymous, moderated, never written by AI.

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Avg Home Value
$100,348
Avg Monthly Rent
$864
1% Rule
✗ Below
Landlord Friendly (KY)

🎓 Colleges & Universities in Hazard

2 Colleges 3,463 Students 1,273 Off-Campus Renters
C+
Hazard Community and Technical College
2-Year Public · 3,039 students
📍 ~1,273 students rent off-campus
D
Galen College of Nursing-ARH
2-Year For-Profit · 424 students

Investor Insight: With 1,273 students living off-campus, Hazard has substantial rental demand from the college population — typically stable, lease-renewing tenants.

ZIP Codes in Hazard, KY

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Filter Hazard’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 Hazard, KY

How landlord-friendly is Hazard, KY?

KY ranks as a landlord-friendly state for landlord-tenant law. Hazard generally follows the statewide framework, so landlords face reasonable operating rules.

What is the renter demographic in Hazard, KY?

Tenant demand in Hazard, KY is solid. The local workforce $864/mo rents across most rental classes.

How do experienced investors play Hazard, KY?

For Hazard, KY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

How does Hazard, KY rate as a rental market?

Our data puts Hazard, KY at 3.0/5 for investability. Home prices of $100K and rents around $864/mo create a solid backdrop for investor activity.

Does house hacking make sense in Hazard, KY?

For house hackers, Hazard, KY is a challenging. The $864/mo rent on a unit helps defray the mortgage on a $100K property.

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