Real Estate Investing in Rumsey, Kentucky (42371)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42371 (Rumsey, 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.
- High vacancy: 29.7% of homes vacant — above national norms.
- Declining values: -1.7% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 11.0% in the last year.
- Higher unemployment: 11.0% unemployment — tenant risk signal.
• 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 Rumsey, KY (42371)?
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Market Analysis: 42371 Rumsey
ZIP 42371 inside McLean County looks affordable on the surface — median value of $120K — but the discount exists for reasons that a careful buyer should understand before committing.
Put differently, the numbers look inviting — $120K purchase price, 0.0% nominal cap — the work to hit that pro forma in 42371 is substantial and deserves full respect.
Stepping back, 42371 offers a low basis, the region around Rumsey has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 42371 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 42371 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Rumsey:
Market Trends
Home Value History (with trend line)
📊 How Does 42371 Compare?
| Metric | 42371 | Rumsey | Owensboro, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $119,729 | $119,729 | N/A | $225,788 |
| 5-Year CAGR | N/A | N/A | N/A | 6.9% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 6.0% | 6.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42371 (Rumsey, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $119,729 |
| Monthly Rent | $918 |
| Price-to-Rent | 10.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.2% |
| Cap Rate | 6.0% |
| 5-Year IRR | 4.3% |
📈 Home Appreciation
| 1-Year | -11.0% ▼ |
| 3-Year CAGR | -1.6% ▼ |
| 5-Year CAGR | -1.7% ▼ |
| 10-Year CAGR | N/A |
🏠 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 (6.0%). 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 42371
Population: 356
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 is the typical rental rate in Rumsey, KY?
The typical rental in Rumsey, KY commands about $918/mo monthly. That rent profile stable cash flow against the $120K purchase basis.
What price range are homes in Rumsey, KY?
Median home price in Rumsey, KY is near $120K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
Should investors consider Rumsey, KY?
With a 3.0/5 investability score, Rumsey, KY ranks as a solid market for rental property investors. Median prices of $120K and rents of $918/mo drive the underlying numbers.
How high is vacancy risk in Rumsey, KY?
Rumsey, KY carries elevated vacancy risk. Expect steady absorption at market rents of $918/mo.
What is the smart move for investors in Rumsey, KY?
Most investors in Rumsey, 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.
You know 42371 now. You don’t know where it ranks.
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How 42371 ranks in Owensboro, KY
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