Real Estate Investing in Knob Lick, Kentucky (42154)
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Should you buy in 42154 (Knob Lick, 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: 17.5% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Knob Lick, KY (42154)?
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Market Analysis: 42154 Knob Lick
ZIP 42154 in Knob Lick, KY carries a durable set of headwinds. Home values near $202K and rents of $810/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $202K asset, 42154 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within KY, ZIP 42154 trails on several market indicators that neighboring Metcalfe County submarkets outperform. The gap is real and robust enough to shape underwriting.
Stepping back, 704 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. sturdy returns are possible in 42154, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Knob Lick:
Market Trends
Home Value History (with trend line)
📊 How Does 42154 Compare?
| Metric | 42154 | Knob Lick | Glasgow, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $201,768 | $201,768 | N/A | $225,788 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 6.9% |
| Avg Rent | $810 | $810 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42154 (Knob Lick, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $201,768 |
| Monthly Rent | $810 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (3.1%). 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 42154
Population: 704
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What do rentals go for in Knob Lick, KY?
Rental rates in Knob Lick, KY average $810/mo. Tenant demand and $202K home values make the yield look reasonable by investor standards.
What is the typical vacancy rate in Knob Lick, KY?
Occupancy in Knob Lick, KY runs reliable with elevated vacancy. Well-priced units at $810/mo lease on reasonable timelines.
Should investors consider Knob Lick, KY?
The 3.0/5 investability rating in Knob Lick, KY reflects its $202K prices and $810/mo rents. Investors generally consider it a solid option within KY.
Does house hacking make sense in Knob Lick, KY?
House hacking in Knob Lick, KY is reasonable to execute. Prices around $202K and rents of $810/mo solid owner-occupant economics.
How strict are landlord regulations in Knob Lick, KY?
Knob Lick, KY operates under KY law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
You know 42154 now. You don’t know where it ranks.
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How 42154 ranks in Glasgow, KY
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