Housing market/Kentucky/ZIP 42431
ZIP 42431 Madisonville, Hopkins County, Kentucky
Hopkins County, KY · Kentucky. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 42431 · KY — sent to you.
ZIP 42431 · KY
ACS rent vs 2BR SAFMR
ZIP 42431 — Madisonville, KY HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 42431
- 1-unit detached9,61576.7%
- 1-unit attached1020.8%
- 2–4 units9197.3%
- 5–49 units7816.2%
- 50+ units350.3%
- Mobile1,0798.6%
2–4 unit share 7.3% · 5–49 unit share 6.2% · combined 2–49 13.5%.
Units by bedrooms
Rent burden
- ACS median gross rent $858 (all bedrooms, occupied rentals).
- Median contract rent $606.
- Renters paying ≥30% of income 35.9%; ≥50% 20.5%.
- FY2027 2BR SAFMR $980 (1.142× ACS median gross rent).
Population
27,095 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +4.0%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 3 projects, 176 units.
- HUD project-based assisted MF: 2 properties, 198 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 72 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 42431 32.2% of occupied households are renters; vacancy is 13.5%; ACS median gross rent is $858; population increased +4.0% between the 2018 and 2023 ACS vintages; the housing stock includes 919 units in 2–4-unit structures and 781 units in 5–49-unit structures; 3 LIHTC projects totaling 176 units; FY2027 2BR SAFMR is $980 versus ACS median gross rent of $858. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Kentucky research
ZIP 42431 is a Census / HUD profile for Hopkins County, KY. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 42431 — Madisonville, KY HUD Section 8 Payment Standards / SAFMR·Kentucky ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Kentucky research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 42431?
ZIP 42431 (Hopkins County, KY) has 27,095 residents, 10,874 households, a renter share of 32.2%, median household income of $57,529, and ACS 2023 median gross rent of $858. Vacancy is 13.5%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 42431?
ACS counts 447 units in 2-unit buildings, 472 in 3–4 unit buildings, 509 in 5–9, 247 in 10–19, and 25 in 20–49. Combined 2–49 unit stock is 1,700 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 42431?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $980. See the full schedule and 90–110% payment-standard band on the ZIP 42431 — Madisonville, KY HUD Section 8 Payment Standards / SAFMR.
Does this Kentucky ZIP profile include Georgia listings?
No. ZIP 42431 is Census / HUD research for Hopkins County, KY. Jeff Crowe CRE does not list Kentucky property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.