Real Estate Investing in Hazel, Kentucky (42049)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42049 (Hazel, 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: 25.4% of homes vacant — above national norms.
- Elevated poverty: 32.0% 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 Hazel, KY (42049)?
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Market Analysis: 42049 Hazel
ZIP 42049 inside Calloway County looks affordable on the surface — median value of $157K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 42049 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 42049's metrics run below Calloway County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Meanwhile, 1,386 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
leans 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 Hazel:
Property Strategy for 42049
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $115,124 | $980 | 6.1% | +5.9% | $57,562 |
| 3BR | $161,831 | $1,170 | 5.2% | +8.2% | $53,944 |
Market Trends
Home Value History (with trend line)
📊 How Does 42049 Compare?
| Metric | 42049 | Hazel | Murray, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $156,930 | $156,930 | N/A | $225,788 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 6.9% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42049 (Hazel, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $156,930 |
| Monthly Rent | $882 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 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 (4.4%). 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 42049
Population: 1,386
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
How expensive is real estate in Hazel, KY?
The median home value in Hazel, KY is roughly $157K. That puts it reasonable relative to the KY statewide average.
Is rental property easy to operate in Hazel, KY?
Landlord-friendliness in Hazel, KY is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Where do rents currently stand in Hazel, KY?
Investors in Hazel, KY typically see rents near $882/mo per month against $157K home values - a solid setup for rental cash flow.
What is the smart move for investors in Hazel, KY?
In Hazel, KY the significant play is typically careful cash-flow rentals with hands-on management. The combination of $157K prices and $882/mo rents suits that approach.
How strong is the working-renter base in Hazel, KY?
The renter base in Hazel, KY is reasonable for the $882/mo price point. Screening well and pricing to market typically yields consistent tenants.
You know 42049 now. You don’t know where it ranks.
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How 42049 ranks in Murray, KY
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