Real Estate Investing in Owingsville, Kentucky (41049)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 41049 (Owingsville, KY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.0% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Owingsville, KY (41049)?
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Market Analysis: 41049 Owingsville
The 41049 ZIP covers a section of Owingsville that demands careful diligence. Prices near $216K look accessible, but the work to make a deal cash flow is real.
The investment case in 41049 is sturdy only for operators who understand what they are buying. A $216K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 41049 and stronger Owingsville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 41049 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 41049 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Owingsville:
Property Strategy for 41049
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $191,955 | $920 | 3.5% | +10.7% | $95,978 |
| 3BR | $216,464 | $1,210 | 4.0% | +9.6% | $72,155 |
Market Trends
Home Value History (with trend line)
📊 How Does 41049 Compare?
| Metric | 41049 | Owingsville | Kentucky |
|---|---|---|---|
| Home Value | $215,830 | $201,640 | $225,788 |
| 5-Year CAGR | 9.9% | 9.1% | 6.9% |
| Avg Rent | $828 | $806 | - |
| Cap Rate | 3.0% | 3.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 41049 (Owingsville, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $215,830 |
| Monthly Rent | $828 |
| Price-to-Rent | 21.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 12.9% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +9.9% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 41049
Population: 2,185
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 41049
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 827 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Owingsville, KY?
Owingsville, KY median home values land near $216K. That is reasonable territory for investors looking at $828/mo-per-month rentals.
What is the renter demographic in Owingsville, KY?
Owingsville, KY offers a even-keeled renter base at the $828/mo rent level. Tenant turnover is reasonable for well-managed properties.
How strict are landlord regulations in Owingsville, KY?
Owingsville, KY operates under KY law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
What are rental rates like in Owingsville, KY?
Rental rates in Owingsville, KY average $828/mo. Tenant demand and $216K home values make the yield look reasonable by investor standards.
Does house hacking work in Owingsville, KY?
House hacking works a challenging in Owingsville, KY. Rents of $828/mo against $216K acquisition make the strategy solid for owner-occupants.
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