Real Estate Investing in Graham, Kentucky (42344)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42344 (Graham, KY)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.3% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (0.8% CAGR).
- Lower household income: $39,286 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 Graham, KY (42344)?
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Market Analysis: 42344 Graham
ZIP 42344 inside Muhlenberg County looks affordable on the surface — median value of $94K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 42344 is solid only for operators who understand what they are buying. A $94K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within KY, ZIP 42344 trails on several market indicators that neighboring Muhlenberg County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Demographically, 42344 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.
leans 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 Graham:
Market Trends
Home Value History (with trend line)
📊 How Does 42344 Compare?
| Metric | 42344 | Graham | Central City, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $94,006 | $94,006 | N/A | $225,788 |
| 5-Year CAGR | 0.8% | 0.8% | N/A | 6.9% |
| Avg Rent | $801 | $801 | N/A | - |
| Cap Rate | 6.7% | 6.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42344 (Graham, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $94,006 |
| Monthly Rent | $801 |
| Price-to-Rent | 9.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.2% |
| Cap Rate | 6.7% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +0.8% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.7%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 42344
Population: 1,042
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
Investor Insight: With 2,188 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Graham, KY a good market for FHA house hackers?
The a challenging house-hack environment in Graham, KY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is the tenant base reliable in Graham, KY?
Working renters make up the core of the Graham, KY tenant base. The pool is reasonable for investors targeting long-term holds.
How strong are rents in Graham, KY?
Rents in Graham, KY run near $801/mo. Compared with median home prices of $94K that produces solid gross yields for typical rentals.
How do experienced investors play Graham, KY?
Most investors in Graham, KY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How much does a house cost in Graham, KY?
Graham, KY home values average about $94K. That price point suits investors targeting rentals with $801/mo in monthly income.
You know 42344 now. You don’t know where it ranks.
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How 42344 ranks in Central City, KY
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