Side-by-side comparison of Lexington, KY and Owensboro, KY — cap rates, rent, prices, and investment metrics.
Cash flow: Owensboro has the edge with an estimated cap rate of 4.95% compared to Lexington's 4.08%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $260,000 in Lexington vs $175,000 in Owensboro, while rents come in at $1,300/mo and $1,020/mo respectively.
Growth & appreciation: Lexington is growing faster at 0.9% annually vs Owensboro's 0.4%. Lexington leads on home value appreciation at 3.1% per year.
Costs & risk: Property taxes are 0.81% in Lexington vs 0.82% in Owensboro. Vacancy rates of 5.2% and 6% are mixed — Lexington has the tighter rental market.
Bottom line: Lexington edges out Owensboro on most key metrics. While cap rates are moderate at 4.08%, Lexington's overall profile is stronger. Use our free calculators to model specific deals in Lexington or Owensboro.