Real Estate Investing in Pilgrim, Kentucky (41250)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 41250 (Pilgrim, KY)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.0% of homes vacant — above national norms.
- 1-year downturn: Values declined 12.3% in the last year.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pilgrim, KY (41250)?
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Market Analysis: 41250 Pilgrim
ZIP 41250 inside Martin County looks affordable on the surface — median value of $88K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 41250 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 41250 among KY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 41250 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Pilgrim:
Market Trends
Home Value History (with trend line)
📊 How Does 41250 Compare?
| Metric | 41250 | Pilgrim | Kentucky |
|---|---|---|---|
| Home Value | $87,992 | $89,371 | $225,788 |
| 5-Year CAGR | 4.1% | 2.5% | 6.9% |
| Avg Rent | $855 | $819 | - |
| Cap Rate | 7.6% | 7.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 41250 (Pilgrim, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $87,992 |
| Monthly Rent | $855 |
| Price-to-Rent | 8.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.7% |
| Cap Rate | 7.6% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | -12.3% ▼ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.6%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 41250
Population: 966
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the median home value in Pilgrim, KY?
Median home price in Pilgrim, KY is near $88K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
What real estate strategy is ideal for Pilgrim, KY?
Investors usually favor careful cash-flow rentals with hands-on management in Pilgrim, KY. With home values at $88K and rents near $855/mo, other strategies can work but produce steady rather than outsized returns.
Is Pilgrim in KY worth investing in?
The 3.0/5 investability rating in Pilgrim, KY reflects its $88K prices and $855/mo rents. Investors generally consider it a solid option within KY.
How landlord-friendly is Pilgrim, KY?
Pilgrim, KY falls under KY landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is vacancy a concern in Pilgrim, KY?
Vacancy in Pilgrim, KY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $855/mo.
You know 41250 now. You don’t know where it ranks.
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