Real Estate Investing in Hazard, Kentucky (41701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 41701 (Hazard, KY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.5% of homes vacant — above national norms.
- Elevated poverty: 22.4% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hazard, KY (41701)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 41701 Hazard
The 41701 ZIP in Hazard, KY is a local-operator market. Outside capital chasing a $109K entry has to pair deep knowledge with the discount.
Put differently, the numbers look inviting — $109K purchase price, 0.0% nominal cap — the work to hit that pro forma in 41701 is substantial and deserves full respect.
Regionally, 41701 sits on the difficult end of the KY spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The 41701 ZIP's population of 16,646 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The right play in 41701 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Hazard:
Property Strategy for 41701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $73,517 | $960 | 9.4% | +9.3% | $36,758 |
| 3BR | $122,834 | $1,150 | 6.7% | +8.3% | $40,945 |
| 4BR | $162,978 | $1,280 | 5.7% | +7.8% | $40,745 |
| 5BR | $159,217 | — | — | +6.7% | $31,843 |
Market Trends
Home Value History (with trend line)
📊 How Does 41701 Compare?
| Metric | 41701 | Hazard | Kentucky |
|---|---|---|---|
| Home Value | $108,654 | $100,348 | $225,788 |
| 5-Year CAGR | 6.0% | 5.6% | 6.9% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 6.2% | 6.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 41701 (Hazard, KY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 41701 (Hazard, KY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $108,654 |
| Monthly Rent | $864 |
| Price-to-Rent | 10.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.5% |
| Cap Rate | 6.2% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 41701
Population: 16,646
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
🎓 Schools in 41701
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,273 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the best play in Hazard, KY?
A careful cash-flow rentals with hands-on management strategy Hazard, KY best. The market produces steady results for that approach at the $109K price point.
What is the rental occupancy rate in Hazard, KY?
Vacancy risk in Hazard, KY is elevated. That supports stable cash flow for typical rental holds.
What is the average home sale price in Hazard, KY?
Median home price in Hazard, KY is near $109K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Is Hazard, KY a friendly market for rental owners?
The landlord environment in Hazard, KY is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What do rentals go for in Hazard, KY?
Rent in Hazard, KY is around $864/mo. The resulting rent-to-value relationship with $109K pricing is reasonable for most investor models.
You know 41701 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 41701 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 41701 (Hazard)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 41701 (Hazard, KY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.