Real Estate Investing in Jamestown, Kentucky (42629)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42629 (Jamestown, 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.
- High vacancy: 32.1% of homes vacant — above national norms.
- Elevated poverty: 21.5% poverty rate — can affect rent collection.
- Lower household income: $39,346 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 Jamestown, KY (42629)?
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Market Analysis: 42629 Jamestown
Investors eyeing 42629 need to respect the fundamentals at play. Home values of $167K come alongside slower price movement and elevated management overhead.
The 42629 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader KY picture, 42629 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 42629 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Jamestown's stable or hybrid ZIPs before stepping into 42629. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Jamestown:
Property Strategy for 42629
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $145,125 | $870 | 4.3% | +11.7% | $72,563 |
| 3BR | $206,420 | $1,040 | 3.6% | +11.1% | $68,807 |
| 4BR | $345,314 | $1,150 | 2.4% | +9.5% | $86,328 |
Market Trends
Home Value History (with trend line)
📊 How Does 42629 Compare?
| Metric | 42629 | Jamestown | Kentucky |
|---|---|---|---|
| Home Value | $167,325 | $167,325 | $225,788 |
| 5-Year CAGR | 7.8% | 7.8% | 6.9% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 3.7% | 3.7% | - |
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 42629 (Jamestown, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $167,325 |
| Monthly Rent | $783 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.7%). 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 42629
Population: 5,453
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 42629
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.
Frequently Asked Questions
How does Jamestown, KY rate as a rental market?
Jamestown, KY scores 3.0/5 for investability. Home values sit at $167K and rents near $783/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are rents high in Jamestown, KY?
Jamestown, KY rentals go for roughly $783/mo a month. That puts gross yield in solid territory relative to $167K acquisition costs.
What real estate strategy is ideal for Jamestown, KY?
For Jamestown, KY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the typical vacancy rate in Jamestown, KY?
Jamestown, KY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What does house hacking look like in Jamestown, KY?
For house hackers, Jamestown, KY is a challenging. The $783/mo rent on a unit helps defray the mortgage on a $167K property.
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