Real Estate Investing in Calvert City, Kentucky (42029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42029 (Calvert City, KY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Calvert City, KY (42029)?
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Market Analysis: 42029 Calvert City
Investors eyeing 42029 need to respect the fundamentals at play. Home values of $190K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $190K asset, 42029 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader KY picture, 42029 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 42029 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 42029 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 Calvert City:
Property Strategy for 42029
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $204,496 | $1,270 | 4.5% | +8.4% | $68,165 |
| 4BR | $261,051 | $1,530 | 4.2% | +8.3% | $65,263 |
Market Trends
Home Value History (with trend line)
📊 How Does 42029 Compare?
| Metric | 42029 | Calvert City | Kentucky |
|---|---|---|---|
| Home Value | $189,695 | $189,695 | $225,788 |
| 5-Year CAGR | 9.9% | 9.9% | 6.9% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 3.5% | 3.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42029 (Calvert City, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $189,695 |
| Monthly Rent | $846 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 13.4% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +10.4% ▲ |
| 5-Year CAGR | +9.9% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.5%). 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 42029
Population: 5,733
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 42029
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.
Frequently Asked Questions
How does Calvert City, KY stack up for property investment?
Calvert City, KY reflects an investability rating of 3.0/5, with median home values near $190K and average rents around $846/mo. That combination puts it in the notable tier for investor interest.
Should investors worry about vacancy in Calvert City, KY?
Calvert City, KY sees elevated vacancy, which is reasonable relative to the broader KY rental market.
What is the tenant pool like in Calvert City, KY?
The tenant pool in Calvert City, KY is solid, supported by local employment and population fundamentals. Rents of $846/mo are well-absorbed by the market.
How expensive is real estate in Calvert City, KY?
Median home price in Calvert City, KY is near $190K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What are rental rates like in Calvert City, KY?
Rental rates in Calvert City, KY average $846/mo. Tenant demand and $190K home values make the yield look reasonable by investor standards.
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