Real Estate Investing in Dunmor, Kentucky (42339)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42339 (Dunmor, 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: 16.1% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Dunmor, KY (42339)?
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Market Analysis: 42339 Dunmor
ZIP 42339 in Dunmor, KY carries a robust set of headwinds. Home values near $133K and rents of $801/mo sit inside a market where underwriting has to be tight.
Stepping back, the numbers look inviting — $133K purchase price, 0.0% nominal cap — the work to hit that pro forma in 42339 is substantial and deserves full respect.
Regionally, 42339 sits on the difficult end of the KY spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 42339 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.
Distressed ZIPs reward experience. robust returns are possible in 42339, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Dunmor:
Market Trends
Home Value History (with trend line)
📊 How Does 42339 Compare?
| Metric | 42339 | Dunmor | Central City, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $133,251 | $133,251 | N/A | $225,788 |
| 5-Year CAGR | 1.9% | 1.9% | N/A | 6.9% |
| Avg Rent | $801 | $801 | 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 42339 (Dunmor, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $133,251 |
| Monthly Rent | $801 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | -2.7% ▼ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 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 42339
Population: 878
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
How much is rent in Dunmor, KY?
Investors in Dunmor, KY typically see rents near $801/mo per month against $133K home values - a solid setup for rental cash flow.
What is the renter demographic in Dunmor, KY?
The tenant pool in Dunmor, KY is solid, supported by local employment and population fundamentals. Rents of $801/mo are well-absorbed by the market.
Are there empty rentals in Dunmor, KY?
Expect elevated vacancy in Dunmor, KY. Rents at $801/mo are absorbed by the tenant base without meaningful lag.
Can I house hack in Dunmor, KY?
The a challenging house-hack environment in Dunmor, KY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Dunmor, KY a good market for buy-and-hold investors?
With a 3.0/5 investability score, Dunmor, KY ranks as a solid market for rental property investors. Median prices of $133K and rents of $801/mo drive the underlying numbers.
You know 42339 now. You don’t know where it ranks.
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How 42339 ranks in Central City, KY
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