The story of this market
The typical home in ZIP 42431 sells for about $211,000, or $124 per square foot.
Prices are up +5.8% from a year ago, so sellers still have some momentum. Homes take about 114 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $828 a month.
ZIP 42431 — Madisonville
The housing market in 42431 is characterized by affordability, with median home values significantly lower than the national average. While prices have seen a modest year-over-year increase, the market remains somewhat competitive with a high number of days on market. Data for specific metrics like property tax rates and detailed permit activity is not currently published at the ZIP level.
This ZIP is suitable for budget-conscious family buyers and long-term investors seeking stable, lower-cost housing markets compared to the national average.
Median prices moved up 5.8% year over year.
Homes spend a median of 114 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 42431, Hopkins County KY
The area is a regional hub in Hopkins County with a focus on maintaining housing supply to keep pace with modest growth projections.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Kentucky) — Kentucky Ad Valorem Property Tax: Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value.
The rental market shows a median rent of $828 with a cap rate of 4.1%, indicating a stable but modest return environment for investors.
The local economy is centered in Madisonville, serving as a regional hub for Hopkins County with a mix of service and local industry jobs.
Data retrieved from US Census Bureau ACS 5-year estimates via US5.com
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.