Real Estate Investing in Murray, Kentucky (42071)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42071 (Murray, KY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.4% of homes vacant — above national norms.
What’s happening in Murray, KY (42071)?
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Market Analysis: 42071 Murray
ZIP 42071 in Murray, KY carries a healthy set of headwinds. Home values near $189K and rents of $1,079/mo sit inside a market where underwriting has to be tight.
Rent of $1,079/mo on a $189K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 42071 sits below the stated 0.0% once reality is priced in.
Within KY, ZIP 42071 trails on several market indicators that neighboring Calloway County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Resident income in 42071 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 42071 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 Murray:
Property Strategy for 42071
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $121,920 | $850 | 5.0% | +7.3% | $121,920 |
| 2BR | $152,030 | $1,110 | 5.3% | +8.5% | $76,015 |
| 3BR | $226,898 | $1,330 | 4.2% | +7.9% | $75,633 |
| 4BR | $324,276 | $1,470 | 3.3% | +7.6% | $81,069 |
| 5BR | $393,044 | — | — | +7.0% | $78,609 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 42071 Compare?
| Metric | 42071 | Murray | Murray, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $189,093 | $189,093 | N/A | $225,788 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 6.9% |
| Avg Rent | $1,079 | $1,079 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42071 (Murray, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $189,093 |
| Monthly Rent | $1,079 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | -6.2% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.5%). 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 42071
Population: 30,750
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 42071
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is the tenant base reliable in Murray, KY?
Tenant demand in Murray, KY is solid. The local workforce $1,079/mo rents across most rental classes.
What is the investability score for Murray, KY?
Murray, KY records an investability rating of 3.0/5, with median home values near $189K and average rents around $1,079/mo. That combination puts it in the notable tier for investor interest.
How much does a house cost in Murray, KY?
In Murray, KY the median home value sits at $189K. Against the broader KY market, that reads as reasonable for most investors.
Does house hacking work in Murray, KY?
House hacking in Murray, KY is reasonable to execute. Prices around $189K and rents of $1,079/mo solid owner-occupant economics.
What is the rental occupancy rate in Murray, KY?
Occupancy in Murray, KY runs steady with elevated vacancy. Well-priced units at $1,079/mo lease on reasonable timelines.
You know 42071 now. You don’t know where it ranks.
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How 42071 ranks in Murray, KY
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