Real Estate Investing in Greensburg, Kentucky (42743)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42743 (Greensburg, 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: 17.0% of homes vacant — above national norms.
- Lower household income: $39,045 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 Greensburg, KY (42743)?
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Market Analysis: 42743 Greensburg
Investors eyeing 42743 need to respect the fundamentals at play. Home values of $185K come alongside slower price movement and elevated management overhead.
For an experienced owner, 42743 can be a worth a close look for hunting ground — but the discount at $185K reflects genuine risk that outside investors often underestimate.
The gap between 42743 and stronger Greensburg ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
On balance, 9,008 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Greensburg's stable or hybrid ZIPs before stepping into 42743. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Greensburg:
Property Strategy for 42743
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $120,493 | $880 | 5.3% | +10.1% | $60,246 |
| 3BR | $177,253 | $1,160 | 4.7% | +9.7% | $59,084 |
| 4BR | $223,374 | $1,180 | 3.8% | +10.3% | $55,844 |
Market Trends
Home Value History (with trend line)
📊 How Does 42743 Compare?
| Metric | 42743 | Greensburg | Campbellsville, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $185,126 | $185,126 | N/A | $225,788 |
| 5-Year CAGR | 8.1% | 8.1% | N/A | 6.9% |
| Avg Rent | $792 | $792 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 42743 (Greensburg, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $185,126 |
| Monthly Rent | $792 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (3.3%). 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 42743
Population: 9,008
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 42743
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What monthly rent should investors expect in Greensburg, KY?
Average rent in Greensburg, KY is approximately $792/mo per month. Against $185K home values that yields a reasonable rent-to-price ratio.
What is the typical renter like in Greensburg, KY?
Greensburg, KY offers a measured renter base at the $792/mo rent level. Tenant turnover is reasonable for well-managed properties.
How tight is the rental market in Greensburg, KY?
Greensburg, KY carries elevated vacancy risk. Expect stable absorption at market rents of $792/mo.
How much should I expect to pay for a home in Greensburg, KY?
Typical homes in Greensburg, KY go for around $185K. The 5-year CAGR of 0.0% stable price movement.
Is Greensburg, KY a smart market for rental property?
The 3.0/5 investability rating in Greensburg, KY reflects its $185K prices and $792/mo rents. Investors generally consider it a solid option within KY.
You know 42743 now. You don’t know where it ranks.
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How 42743 ranks in Campbellsville, KY
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