Under $500K Investment Properties for Sale in Owensboro, KY
299- 4 Bed
- 4 Bath
- 4257 sft
262- 3 Bed
- 1 Bath
- 864 sft
26- 4 Bed
- 3 Bath
- 2107 sft
523- 3 Bed
- 1 Bath
- 1222 sft
Why Invest in Owensboro, Kentucky?
Owensboro, KY offers strong investment potential for properties under $500k, with median home prices around $200k providing accessible entry points.[2][3] The market shows steady appreciation of 3-7% annually, supported by robust rental demand from healthcare and manufacturing workers.[1][2] Cap rates remain attractive at 7-9% due to lower acquisition costs compared to state averages. Industrial stability from major employers like Owensboro Health ensures reliable cash flow. Downtown revitalization boosts long-term value in this up-and-coming Western Kentucky market.[1]
Frequently Asked Questions
Median home prices in Owensboro are around $197k-$226k, well under $500k, offering strong entry for investors.[2] Appreciation averages 5% yearly with quick sales.[3] This affordability supports high cash-on-cash returns.
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