Is Owensboro, KY a good place to invest in rental property?

Owensboro, KY has a median modeled monthly cash flow of $-553 and a median cap rate of 3.8%, on a median sold price of $229,500. Prices changed +4.0% year over year.

What is the average cap rate in Owensboro, KY?

The median cap rate across recently sold homes in Owensboro, KY is 3.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Owensboro, KY?

The median sold price in Owensboro, KY is $229,500 (about $155 per square foot).

Investing in Owensboro, KY Real Estate

A data-driven snapshot of the Owensboro, KY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$229,500Median sold price

$155Median $/sqft

3.8%Median cap rate

$-553Modeled cash flow / mo

+4.0%Appreciation YoY

13.5Months of supply

1,092Active listings

971Sold (last 12 mo)

What the Owensboro numbers say

In Owensboro, KY, the median home sold for $229,500 (about $155 per square foot), and the typical deal models out to a 3.8% cap rate with a median $-553 of monthly cash flow. Sold prices moved +4.0% over the past year. Inventory sits at about 13.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 5 fix-and-flip deals in Owensboro — listings where the estimated after-repair value beats list price + rehab.

Other Kentucky markets to compare

See Owensboro cash-flowing listings

CashFlowRE ranks every for-sale home in Owensboro, KY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Owensboro deals, or browse the national market data.