Real Estate Investing in New Concord, Kentucky (42076)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42076 (New Concord, KY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 49.1% of homes vacant — above national norms.
- 1-year downturn: Values declined 6.3% in the last year.
- Lower household income: $31,182 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in New Concord, KY (42076)?
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Market Analysis: 42076 New Concord
This part of Calloway County is not an easy win. The 42076 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 42076 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Put differently, 42076 offers a low basis, the region around New Concord has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 42076 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.
Strategy in 42076 is an operator game, not a passive one. On the rental side, entry prices of $160K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in New Concord:
Property Strategy for 42076
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $180,426 | $1,070 | 4.3% | +5.4% | $90,213 |
| 3BR | $360,647 | $1,280 | 2.6% | +7.6% | $120,216 |
Market Trends
Home Value History (with trend line)
📊 How Does 42076 Compare?
| Metric | 42076 | New Concord | Murray, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $160,065 | $160,065 | N/A | $225,788 |
| 5-Year CAGR | 12.3% | 12.3% | N/A | 6.9% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42076 (New Concord, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $160,065 |
| Monthly Rent | $963 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 17.0% |
📈 Home Appreciation
| 1-Year | -6.3% ▼ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +12.3% ▲ |
| 10-Year CAGR | +22.3% ▲ |
🏠 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 (4.7%). 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 42076
Population: 1,085
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 is the median home value in New Concord, KY?
Expect median prices around $160K in New Concord, KY. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
What is the smart move for investors in New Concord, KY?
Most investors in New Concord, KY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 4.0/5 investability profile and the market fundamentals.
Are renters plentiful in New Concord, KY?
Working renters make up the core of the New Concord, KY tenant base. The pool is reasonable for investors targeting long-term holds.
What is the investability score for New Concord, KY?
Yes - New Concord, KY a 4.0/5 investability score. With $160K home prices against $963/mo monthly rent, the market delivers a reasonable entry point for new investors.
How do landlord-tenant laws work in New Concord, KY?
KY ranks as a landlord-friendly state for landlord-tenant law. New Concord generally follows the statewide framework, so landlords face reasonable operating rules.
You know 42076 now. You don’t know where it ranks.
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How 42076 ranks in Murray, KY
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