Real Estate Investing in Cunningham, Kentucky (42035)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42035 (Cunningham, 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.
No major risk flags on the data we track.
• 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 Cunningham, KY (42035)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 42035 Cunningham
This part of Carlisle is not an easy win. The 42035 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $190K asset, 42035 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 42035 sits on the difficult end of the KY spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 42035 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Cunningham's stable or hybrid ZIPs before stepping into 42035. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Cunningham:
Property Strategy for 42035
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $129,626 | $910 | 5.1% | — | $64,813 |
| 3BR | $197,193 | $1,170 | 4.3% | +11.1% | $65,731 |
Market Trends
Home Value History (with trend line)
📊 How Does 42035 Compare?
| Metric | 42035 | Cunningham | Kentucky |
|---|---|---|---|
| Home Value | $189,752 | $189,752 | $225,788 |
| 5-Year CAGR | 9.5% | 9.5% | 6.9% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 3.4% | 3.4% | - |
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 42035 (Cunningham, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $189,752 |
| Monthly Rent | $819 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 12.9% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +9.5% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.4%). 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 42035
Population: 783
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
Investor Insight: With 3,294 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What real estate strategy is ideal for Cunningham, KY?
For Cunningham, KY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the average monthly rent in Cunningham, KY?
Rent in Cunningham, KY is around $819/mo. The resulting rent-to-value relationship with $190K pricing is reasonable for most investor models.
Do rentals sit vacant long in Cunningham, KY?
Rental vacancy in Cunningham, KY is elevated. Investors should budget normal turnover but not chronic empty units.
Can I house hack in Cunningham, KY?
Cunningham, KY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $190K price point reasonable to enter.
What is the renter demographic in Cunningham, KY?
Cunningham, KY offers a predictable renter base at the $819/mo rent level. Tenant turnover is reasonable for well-managed properties.
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