Real Estate Investing in New Concord, Kentucky

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

1 ZIP codes • Population: 1,085 • Calloway County

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

🏠 For Homebuyers
MIXED
Grade C (65/100)

Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.

📈 For Investors
GOOD
4.0 / 5 (66/100)

Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.

⚠️ Risks to Know
3 flags
  • High vacancy: 49.1% of homes vacant — above national norms.
  • 1-year downturn: Values declined 6.3% in the last year.
  • Lower household income: $31,182 median — tenant affordability is tighter.

What’s happening in New Concord, KY?

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4.0/ 5

Investability

Citywide average

5.0/ 5

Appreciation

12.3% 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 $160,065
Avg Monthly Rent $963
ZIP Codes 1

Investing in New Concord Real Estate

With a sizable population across 1 ZIPs, New Concord shows the kind of underwhelming fundamentals that keep most out-of-state capital on the sidelines.

Across New Concord's 1 ZIPs, fundamentals run sluggish: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Market conditions in New Concord are modest. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

New Concord's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Murray, KY

New Concord is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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

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Avg Home Value
$160,065
Avg Monthly Rent
$963
1% Rule
✗ Below
Landlord Friendly (KY)

📉 Market Crash Risk Index

Based on Murray, KY metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
0%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Murray, KY metro
0
Days to pending
9.4%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in New Concord, KY

Screen every ZIP in New Concord

Filter New Concord’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 New Concord, KY

How much does a house cost in New Concord, KY?

Homes in New Concord, KY typically sell near $160K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.

How qualified is the tenant pool in New Concord, KY?

The tenant pool in New Concord, KY is solid, supported by local employment and population fundamentals. Rents of $963/mo are well-absorbed by the market.

Is rental property easy to operate in New Concord, KY?

The landlord environment in New Concord, KY is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

What is the typical vacancy rate in New Concord, KY?

Occupancy in New Concord, KY runs consistent with elevated vacancy. Well-priced units at $963/mo lease on reasonable timelines.

Is house hacking profitable in New Concord, KY?

House hacking works a challenging in New Concord, KY. Rents of $963/mo against $160K acquisition make the strategy solid for owner-occupants.

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