Real Estate Investing in Mayfield, Kentucky (42066)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42066 (Mayfield, KY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 12.2% 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 Mayfield, KY (42066)?
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Market Analysis: 42066 Mayfield
ZIP 42066 inside Graves County looks affordable on the surface — median value of $163K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 42066 can be a a strong candidate for hunting ground — but the discount at $163K reflects genuine risk that outside investors often underestimate.
ZIP 42066's metrics run below Graves County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A substantial renter share of 30% in 42066 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 42066 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Mayfield:
Property Strategy for 42066
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $68,823 | $740 | 7.7% | +8.7% | $68,823 |
| 2BR | $102,757 | $970 | 6.8% | +13.1% | $51,379 |
| 3BR | $184,738 | $1,210 | 4.7% | +11.1% | $61,579 |
| 4BR | $258,420 | $1,320 | 3.7% | +10.1% | $64,605 |
| 5BR | $312,643 | — | — | — | $62,529 |
Market Trends
Home Value History (with trend line)
📊 How Does 42066 Compare?
| Metric | 42066 | Mayfield | Mayfield, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $163,213 | $163,213 | N/A | $225,788 |
| 5-Year CAGR | 8.1% | 8.1% | N/A | 6.9% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42066 (Mayfield, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $163,213 |
| Monthly Rent | $873 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (4.2%). 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 42066
Population: 23,635
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 42066
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
Which investment style suits Mayfield, KY?
Investors usually favor careful cash-flow rentals with hands-on management in Mayfield, KY. With home values at $163K and rents near $873/mo, other strategies can work but produce reliable rather than outsized returns.
How high is vacancy risk in Mayfield, KY?
Vacancy risk in Mayfield, KY is elevated. That supports reliable cash flow for typical rental holds.
What is the average monthly rent in Mayfield, KY?
Expect rents around $873/mo per month in Mayfield, KY. With home values at $163K, the yield math works out to reasonable levels for rental investors.
Is Mayfield, KY suited for a house hack?
The a challenging house-hack environment in Mayfield, KY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How landlord-friendly is Mayfield, KY?
The landlord environment in Mayfield, KY is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 42066 now. You don’t know where it ranks.
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How 42066 ranks in Mayfield, KY
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