Real Estate Investing in Kirksey, Kentucky (42054)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42054 (Kirksey, 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.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
• 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 Kirksey, KY (42054)?
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Market Analysis: 42054 Kirksey
Investors eyeing 42054 need to respect the fundamentals at play. Home values of $207K come alongside slower price movement and elevated management overhead.
From a cash-flow lens, the numbers look inviting — $207K purchase price, 0.0% nominal cap — the work to hit that pro forma in 42054 is substantial and deserves full respect.
In the broader KY picture, 42054 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A healthy renter share of 31% in 42054 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 42054 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 Kirksey:
Market Trends
Home Value History (with trend line)
📊 How Does 42054 Compare?
| Metric | 42054 | Kirksey | Murray, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $207,231 | $207,231 | N/A | $225,788 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 6.9% |
| Avg Rent | $1,323 | $1,323 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42054 (Kirksey, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $207,231 |
| Monthly Rent | $1,323 |
| Price-to-Rent | 13.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.0%). 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 42054
Population: 793
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 are vacancy rates like in Kirksey, KY?
Kirksey, KY sees elevated vacancy, which is reasonable relative to the broader KY rental market.
How much is rent in Kirksey, KY?
Rents in Kirksey, KY run near $1,323/mo. Compared with median home prices of $207K that produces solid gross yields for typical rentals.
Is rental property easy to operate in Kirksey, KY?
Landlord-friendliness in Kirksey, KY is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What does house hacking look like in Kirksey, KY?
For house hackers, Kirksey, KY is a challenging. The $1,323/mo rent on a unit helps defray the mortgage on a $207K property.
Should investors consider Kirksey, KY?
With a 3.0/5 investability score, Kirksey, KY ranks as a solid market for rental property investors. Median prices of $207K and rents of $1,323/mo drive the underlying numbers.
You know 42054 now. You don’t know where it ranks.
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How 42054 ranks in Murray, KY
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