Real Estate Investing in Mortons Gap, Kentucky (42440)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42440 (Mortons Gap, KY)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
• 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 Mortons Gap, KY (42440)?
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Market Analysis: 42440 Mortons Gap
Not every below-median market is a bargain. Mortons Gap's 42440 ZIP stands at signals that favor experienced operators who can absorb the risk $78K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 42440 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Mortons Gap have seen price recovery that 42440 has not matched. Hopkins County data supports the view that the spread is structural rather than temporary.
The demographic picture in 42440 includes headwinds that any investor should price in. Income distribution skews lower than Mortons Gap averages, and tenant stability requires active management.
The 42440 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 Mortons Gap:
Market Trends
Home Value History (with trend line)
📊 How Does 42440 Compare?
| Metric | 42440 | Mortons Gap | Madisonville, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $78,386 | $78,386 | N/A | $225,788 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 6.9% |
| Avg Rent | $783 | $783 | N/A | - |
| Cap Rate | 7.8% | 7.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42440 (Mortons Gap, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $78,386 |
| Monthly Rent | $783 |
| Price-to-Rent | 8.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 12.0% |
| Cap Rate | 7.8% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (7.8%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 42440
Population: 746
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
How viable is house hacking in Mortons Gap, KY?
House hacking in Mortons Gap, KY is reasonable to execute. Prices around $78K and rents of $783/mo solid owner-occupant economics.
How strong is the working-renter base in Mortons Gap, KY?
Mortons Gap, KY draws a stable base of working renters. Demand at the $783/mo rent level is reasonable for standard single-family and small multi rentals.
What is the investability score for Mortons Gap, KY?
Mortons Gap, KY rates 3.0/5 for investability. With median values at $78K and rents near $783/mo, the market offers reasonable fundamentals for rental investors.
Do landlords face vacancy issues in Mortons Gap, KY?
Mortons Gap, KY sees elevated vacancy, which is reasonable relative to the broader KY rental market.
Does Mortons Gap, KY favor landlords or tenants?
KY ranks as a landlord-friendly state for landlord-tenant law. Mortons Gap generally follows the statewide framework, so landlords face reasonable operating rules.
You know 42440 now. You don’t know where it ranks.
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How 42440 ranks in Madisonville, KY
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