Real Estate Investing in Wickliffe, Kentucky (42087)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42087 (Wickliffe, 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.
- High vacancy: 16.7% 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 Wickliffe, KY (42087)?
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Market Analysis: 42087 Wickliffe
ZIP 42087 inside Ballard County looks affordable on the surface — median value of $133K — but the discount exists for reasons that a careful buyer should understand before committing.
Turning to rents, the numbers look inviting — $133K purchase price, 0.0% nominal cap — the work to hit that pro forma in 42087 is substantial and deserves full respect.
The gap between 42087 and stronger Wickliffe ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 42087 ZIP's population of 2,369 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Wickliffe:
Property Strategy for 42087
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $108,963 | $950 | 6.3% | +7.7% | $54,481 |
| 3BR | $159,783 | $1,140 | 5.1% | +8.5% | $53,261 |
Market Trends
Home Value History (with trend line)
📊 How Does 42087 Compare?
| Metric | 42087 | Wickliffe | Paducah, KY-IL | Kentucky |
|---|---|---|---|---|
| Home Value | $133,489 | $133,489 | N/A | $225,788 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 6.9% |
| Avg Rent | $855 | $855 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42087 (Wickliffe, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $133,489 |
| Monthly Rent | $855 |
| Price-to-Rent | 13.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (5.0%). 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 42087
Population: 2,369
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
Frequently Asked Questions
What are rental rates like in Wickliffe, KY?
Rent in Wickliffe, KY is around $855/mo. The resulting rent-to-value relationship with $133K pricing is reasonable for most investor models.
Are tenants stable in Wickliffe, KY?
Tenant demand in Wickliffe, KY is solid. The local workforce $855/mo rents across most rental classes.
Which investment style suits Wickliffe, KY?
Wickliffe, KY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($133K prices, $855/mo rents) make it a reasonable choice.
Is Wickliffe, KY a good market for FHA house hackers?
For house hackers, Wickliffe, KY is a challenging. The $855/mo rent on a unit helps defray the mortgage on a $133K property.
Should investors worry about vacancy in Wickliffe, KY?
Rental vacancy in Wickliffe, KY is elevated. Investors should budget normal turnover but not chronic empty units.
You know 42087 now. You don’t know where it ranks.
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How 42087 ranks in Paducah, KY-IL
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