Real Estate Investing in Hopkinsville, Kentucky (42240)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42240 (Hopkinsville, KY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.6% of homes vacant — above national norms.
What’s happening in Hopkinsville, KY (42240)?
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Market Analysis: 42240 Hopkinsville
Not every below-median market is a bargain. Hopkinsville's 42240 ZIP clocks in at signals that favor experienced operators who can absorb the risk $195K pricing implies.
Rent of $1,062/mo on a $195K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 42240 sits below the stated 0.0% once reality is priced in.
Within KY, ZIP 42240 trails on several market indicators that neighboring Christian County submarkets outperform. The gap is real and notable enough to shape underwriting.
Employment concentration in 42240 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Hopkinsville's stable or hybrid ZIPs before stepping into 42240. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Hopkinsville:
Property Strategy for 42240
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $67,347 | $970 | 10.4% | +6.9% | $67,347 |
| 2BR | $115,039 | $1,190 | 7.4% | +11.6% | $57,520 |
| 3BR | $205,956 | $1,650 | 5.8% | +10.0% | $68,652 |
| 4BR | $290,440 | $2,000 | 5.0% | +9.4% | $72,610 |
| 5BR | $374,610 | — | — | +8.9% | $74,922 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 42240 Compare?
| Metric | 42240 | Hopkinsville | Clarksville, TN-KY | Kentucky |
|---|---|---|---|---|
| Home Value | $194,965 | $194,965 | N/A | $225,788 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 6.9% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42240 (Hopkinsville, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $194,965 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.3% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 42240
Population: 41,510
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 42240
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
Investor Insight: With 1,248 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Hopkinsville, KY?
Typical homes in Hopkinsville, KY go for around $195K. The 5-year CAGR of 0.0% consistent price movement.
Does Hopkinsville, KY make sense for an investment property?
The 3.0/5 investability rating in Hopkinsville, KY reflects its $195K prices and $1,062/mo rents. Investors generally consider it a solid option within KY.
Is the tenant base reliable in Hopkinsville, KY?
The renter base in Hopkinsville, KY is reasonable for the $1,062/mo price point. Screening well and pricing to market typically yields reliable tenants.
Is Hopkinsville, KY good for landlords?
Hopkinsville, KY falls under KY landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is vacancy a concern in Hopkinsville, KY?
Expect elevated vacancy in Hopkinsville, KY. Rents at $1,062/mo are absorbed by the tenant base without meaningful lag.
You know 42240 now. You don’t know where it ranks.
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How 42240 ranks in Clarksville, TN-KY
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