Real Estate Investing in Garrett, Kentucky (41630)
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Should you buy in 41630 (Garrett, 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.
- Declining values: -4.9% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 21.2% 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 Garrett, KY (41630)?
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Market Analysis: 41630 Garrett
In Garrett's 41630 ZIP, the arithmetic favors hands-on owners. Median home values posts $55K, leaving spread for capex-heavy BRRRR or reposition strategies.
Investors in 41630 do not buy the market average — they buy the unit they can improve. $55K median pricing and $936/mo comps define the envelope within which the work has to pay.
Across Garrett, pockets like 41630 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
Household income in 41630 supports the rent-lift thesis. 938 residents, deep working-age cohort, and the kind of tenant profile that responds to upgraded stock.
Value-add plays pencil in 41630 when three things line up: a sub-median purchase, a realistic rehab budget, and a post-rehab rent comp that stands up. All three are present in this ZIP.
Here's what matters if you're considering buying a home in Garrett:
Property Strategy for 41630
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $49,974 | $1,040 | 15.0% | — | $24,987 |
| 3BR | $74,178 | $1,260 | 12.2% | +6.0% | $24,726 |
Market Trends
Home Value History (with trend line)
📊 How Does 41630 Compare?
| Metric | 41630 | Garrett | Kentucky |
|---|---|---|---|
| Home Value | $54,883 | $54,883 | $225,788 |
| 5-Year CAGR | N/A | N/A | 6.9% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 13.3% | 13.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 41630 (Garrett, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $54,883 |
| Monthly Rent | $936 |
| Price-to-Rent | 4.9:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 20.5% |
| Cap Rate | 13.3% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | -21.2% ▼ |
| 3-Year CAGR | -8.6% ▼ |
| 5-Year CAGR | -4.9% ▼ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (13.3%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 41630
Population: 938
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
Does house hacking make sense in Garrett, KY?
The house hack math an attractive in Garrett, KY. Owner-occupant buyers benefit from the $936/mo rents and $55K home values.
How close is Garrett, KY to meeting the 1% rule?
With $936/mo rents against $55K home prices, Garrett, KY produces a 1.71% ratio. That is reasonable proximity to the 1% threshold.
Is Garrett, KY good for BRRRR investors?
Investors running BRRRR in Garrett, KY see a strong outcomes. Deal flow and rehab execution matter more than the macro here.
How do experienced investors play Garrett, KY?
In Garrett, KY the solid play is typically value-add and BRRRR deals. The combination of $55K prices and $936/mo rents suits that approach.
How strong are rents in Garrett, KY?
Rents in Garrett, KY run near $936/mo. Compared with median home prices of $55K that produces solid gross yields for typical rentals.
You know 41630 now. You don’t know where it ranks.
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