Real Estate Investing in Strunk, Kentucky (42649)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42649 (Strunk, KY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.9% of homes vacant — above national norms.
- 1-year downturn: Values declined 3.9% in the last year.
- Elevated poverty: 41.7% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Strunk, KY (42649)?
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Market Analysis: 42649 Strunk
The 42649 ZIP in Strunk, KY is a local-operator market. Outside capital chasing a $108K entry has to pair deep knowledge with the discount.
Rent of $828/mo on a $108K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 42649 sits below the stated 0.0% once reality is priced in.
In the broader KY picture, 42649 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 42649 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 42649 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 Strunk:
Property Strategy for 42649
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $104,453 | $920 | 6.3% | — | $52,226 |
| 3BR | $129,410 | $1,140 | 6.3% | — | $43,137 |
Market Trends
Home Value History (with trend line)
📊 How Does 42649 Compare?
| Metric | 42649 | Strunk | Kentucky |
|---|---|---|---|
| Home Value | $108,201 | $108,201 | $225,788 |
| 5-Year CAGR | 4.3% | 4.3% | 6.9% |
| Avg Rent | $828 | $828 | - |
| 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 42649 (Strunk, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $108,201 |
| Monthly Rent | $828 |
| Price-to-Rent | 10.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.2% |
| Cap Rate | 6.0% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | -3.9% ▼ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) 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 42649
Population: 1,878
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
What price range are homes in Strunk, KY?
In Strunk, KY the median home value sits at $108K. Against the broader KY market, that reads as reasonable for most investors.
Are tenants stable in Strunk, KY?
Expect a solid tenant pool in Strunk, KY. The rental market absorbs $828/mo rents without meaningful friction.
Is Strunk, KY a friendly market for rental owners?
Strunk, KY operates under KY law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
Where do rents currently stand in Strunk, KY?
Rent in Strunk, KY is around $828/mo. The resulting rent-to-value relationship with $108K pricing is reasonable for most investor models.
How high is vacancy risk in Strunk, KY?
Vacancy in Strunk, KY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $828/mo.
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