Real Estate Investing in Providence, Kentucky

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

1 ZIP codes • Population: 3,589 • Webster County

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Should you buy in Providence, 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 (52/100)

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

⚠️ Risks to Know
1 flag
  • High vacancy: 19.1% of homes vacant — above national norms.

What’s happening in Providence, KY?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.3% 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 $105,544
Avg Monthly Rent $783
ZIP Codes 1

Investing in Providence Real Estate

Providence, KY covers 1 ZIP codes and a population but the investment metrics here are subdued — this is not a market to enter casually.

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

Transaction volume in Providence has thinned in a way that amplifies price discovery risk. From an investor standpoint, investors without local context should treat every number on the page with skepticism.

A an established population with $N/AK household income profile is what makes Providence a challenging rental market — the tenant base is present, but the affordability math is tight.

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 Madisonville, KY

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$105,544
Avg Monthly Rent
$783
1% Rule
✗ Below
Landlord Friendly (KY)

📉 Market Crash Risk Index

Based on Madisonville, KY metro

3/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
3/3
80%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Madisonville, KY metro
0
Days to pending
11.1%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Providence, KY

Screen every ZIP in Providence

Filter Providence’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 Providence, KY

How should investors approach Providence, KY?

A careful cash-flow rentals with hands-on management strategy Providence, KY best. The market produces consistent results for that approach at the $106K price point.

How do home values compare in Providence, KY?

Median home price in Providence, KY is near $106K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.

How much do tenants pay in Providence, KY?

Investors in Providence, KY typically see rents near $783/mo per month against $106K home values - a solid setup for rental cash flow.

Should investors worry about vacancy in Providence, KY?

Providence, KY carries elevated vacancy risk. Expect predictable absorption at market rents of $783/mo.

What is the tenant pool like in Providence, KY?

Working renters make up the core of the Providence, KY tenant base. The pool is reasonable for investors targeting long-term holds.

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