Real Estate Investing in Calhoun, Kentucky (42327)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42327 (Calhoun, 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.
- Elevated vacancy: 10.9% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Calhoun, KY (42327)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 42327 Calhoun
The 42327 ZIP in Calhoun, KY is a local-operator market. Outside capital chasing a $187K entry has to pair deep knowledge with the discount.
Rent of $918/mo on a $187K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 42327 sits below the stated 0.0% once reality is priced in.
Within KY, ZIP 42327 trails on several market indicators that neighboring McLean County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Employment concentration in 42327 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 42327 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Calhoun:
Property Strategy for 42327
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $134,925 | $1,020 | 5.4% | — | $67,463 |
| 3BR | $188,360 | $1,350 | 5.2% | +7.4% | $62,787 |
| 4BR | $236,219 | $1,350 | 4.1% | — | $59,055 |
Market Trends
Home Value History (with trend line)
📊 How Does 42327 Compare?
| Metric | 42327 | Calhoun | Owensboro, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $187,033 | $187,033 | N/A | $225,788 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 6.9% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 42327 (Calhoun, KY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 42327 (Calhoun, KY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $187,033 |
| Monthly Rent | $918 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (3.8%). 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 42327
Population: 4,379
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 42327
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 2,548 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the tenant pool like in Calhoun, KY?
The tenant pool in Calhoun, KY is solid, supported by local employment and population fundamentals. Rents of $918/mo are well-absorbed by the market.
Should investors consider Calhoun, KY?
The 3.0/5 investability rating in Calhoun, KY reflects its $187K prices and $918/mo rents. Investors generally consider it a solid option within KY.
How do home values compare in Calhoun, KY?
In Calhoun, KY the median home value sits at $187K. Against the broader KY market, that reads as reasonable for most investors.
What is the rental occupancy rate in Calhoun, KY?
Occupancy in Calhoun, KY runs steady with elevated vacancy. Well-priced units at $918/mo lease on reasonable timelines.
Are eviction rules reasonable in Calhoun, KY?
For rental operators, Calhoun, KY rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 42327 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 42327 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 42327 ranks in Owensboro, KY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 42327 (Calhoun)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 42327 (Calhoun, KY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.