New investor assessing the local house hacking market

[Skye Brown]

Hi everyone. I've recently been learning about real estate investing and house hacking, but I want to figure out how viable this strategy is in my area.

I'm 23 years old, living with my parents in a small town in Kentucky (~30k population). I don't plan to live here forever, but I don't have a connection to anywhere else that would prompt me to move. I would love to move out to start building wealth and gaining experience in the space, but I don't know the demand/opportunity for multi-family house hacking in my local area.

How would I analyze my local real estate market to determine if my target strategy will work for me? Any advice is welcome. Thanks.