Real Estate Investing in Marion, Kentucky (42064)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42064 (Marion, KY)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.7% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.6% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Marion, KY (42064)?
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Market Analysis: 42064 Marion
Not every below-median market is a bargain. Marion's 42064 ZIP clocks in at signals that favor experienced operators who can absorb the risk $117K pricing implies.
The investment case in 42064 is durable only for operators who understand what they are buying. A $117K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 42064 among KY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 42064 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 42064 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Marion:
Property Strategy for 42064
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $80,757 | $870 | 7.8% | +6.1% | $40,378 |
| 3BR | $153,298 | $1,040 | 4.9% | +6.6% | $51,099 |
| 4BR | $240,436 | $1,210 | 3.6% | +7.6% | $60,109 |
Market Trends
Home Value History (with trend line)
📊 How Does 42064 Compare?
| Metric | 42064 | Marion | Kentucky |
|---|---|---|---|
| Home Value | $116,869 | $116,869 | $225,788 |
| 5-Year CAGR | 0.6% | 0.6% | 6.9% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 5.2% | 5.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42064 (Marion, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $116,869 |
| Monthly Rent | $783 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +0.6% ▲ |
| 10-Year CAGR | +3.1% ▲ |
🏠 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 (5.2%). 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 42064
Population: 8,020
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 42064
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
Can I house hack in Marion, KY?
The a challenging house-hack environment in Marion, KY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are renters plentiful in Marion, KY?
The renter base in Marion, KY is reasonable for the $783/mo price point. Screening well and pricing to market typically yields consistent tenants.
What is the typical home price in Marion, KY?
Marion, KY home values average about $117K. That price point suits investors targeting rentals with $783/mo in monthly income.
Is rental property easy to operate in Marion, KY?
Marion, KY falls under KY landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Are rents high in Marion, KY?
The typical rental in Marion, KY commands about $783/mo monthly. That rent profile steady cash flow against the $117K purchase basis.
You know 42064 now. You don’t know where it ranks.
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